Tomasz Piskorski
Edward S. Gordon Professor of Real Estate
Finance Division
BA, Warsaw University, 1999; MS, Catholic University Leuven, 2000; MS, New York University, 2006; PhD, New York University, 2007
Joined CBS in 2007
Office:
1182
Kravis
Phone:
212-854-4655
E-mail:
[email protected]
Fax:
212-662-8474
Personal Website
Curriculum Vitae
Biography
Tomasz Piskorski is the Edward S. Gordon Professor of Real Estate in the Finance Division at Columbia Business School. He is also a Research Associate at the National Bureau of Economic Research and serves on the Academic Research Council of the Housing Finance Policy Center at the Urban Institute. Professor Piskorski earned a M.S. in Mathematics from New York University Courant Institute of Mathematical Sciences and a Ph.D. in Economics from New York University Stern School of Business.
Professor Piskorski’s research explores issues in real estate finance, securities and mortgage markets, financial intermediation and banking, market structure and regulation, and housing policy. His recent work centers on inefficiencies in credit markets, financial technology, shadow banking, financial regulation, mortgage market reform, and the impact of consumer credit markets on the broader economy. Professor Piskorski’s research has been published in top academic journals in economics and finance as well as featured in major media, including the Wall Street Journal, the Financial Times, Bloomberg Businessweek, and the Economist. His research and market views have been presented at an array of academic, governmental, and financial institutions, including the U.S. Congress, the U.S. Treasury, the U.S. Department of Housing and Urban Development, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the London Stock Exchange, the Federal Reserve Banks, the European Central Bank, the National Association of Home Builders, the Brookings Institution, the Cato Institute, and the Woodrow Wilson Center. Professor Piskorski has been awarded funding from the National Science Foundation and the Pew Charitable Trusts. He received the AQR Insight Distinguished Paper Award that recognizes research that provides the most significant, new practical insights for tax-exempt institutional or taxable investor portfolios.
Memberships & Affiliations
Research Associate
Academic Research Council
Fellow
Affiliate
Teaching
Spring 2022
Spring 2021
Real Estate Finance
(MBA)
PropTech and Real Estate Disruption
(MBA)
Spring 2020
Real Estate Finance
(MBA)
PropTech and Real Estate Disruption
(MBA)
Summer 2020
Spring 2019
Real Estate Finance
(MBA)
PropTech and Real Estate Disruption
(MBA)
Summer 2018
Columbia Caseworks cases
Co-Working at the Turning Point
(2020)
Coauthor(s): Lisa Cations, Tomasz Piskorski
In The Media
Zillow Just Gave up on Ibuying. What’s the Deal with the Algorithmic Home Sales?
Why a Third of Borrowers in Debt Forbearance Programs Are Still Paying Their Bills
The Lesson Lenders Learned from the Great Recession: Forbearance Works
Housing Advocates Sound Alarm as May Rents Collide with Coronavirus
Record Government and Corporate Debt Risks ‘Tipping Point’ after Pandemic Passes
Awards And Honors
Prize for the best paper published in the Journal of Financial Economics in the areas of corporate finance and organizations, in 2019.
Award that recognizes research that provides the most significant, new practical insights for tax-exempt institutional or taxable investor portfolios, 2013.
Grant for "Analysis of Second Liens and a New Proposal", with C. Mayer and E. Morrison, 2012, $25,000.
Award 1628895, "The Transmission from Households to the Real Economy: Evidence from Mortgage and Consumer Credit Markets", with A. Seru, 2016-2019, $514,527.
Award 1124188, "Understanding the Determinants of Household Default Decisions in the Mortgage Crisis", with C. Mayer and E. Morrison, 2011-2015, $347,811.