Tomasz Piskorski

Tomasz Piskorski is the Edward S. Gordon Associate Professor of Real Estate at Columbia Business School and the Paul Milstein Center for Real Estate. He is also a Research Associate at the National Bureau of Economic Research and served as a board member of the Finance Theory Group. He received 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, household finance, financial intermediation, security design and contracting, and market structure and regulation. His recent work centers on relationships between borrowers and lenders, inefficiencies in mortgage markets, and policy interventions in the housing finance market. His research has been published in top academic journals in economics and finance as well as featured in major media, including the Wall Street Journal, Financial Times, Business Week, and The Economist. His research and market views have been presented at an array of academic, governmental, and financial institutions including the US Congress, the US Treasury, the US Department of Housing and Urban Development, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the London Stock Exchange, Federal Reserve Banks, the National Association of Home Builders, the Cato Institute, and the Woodrow Wilson Center. He was awarded funding from the National Science Foundation and 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.

Awards And Honors

AQR Insight Distinguished Paper Award

Award that recognizes research that provides the most significant, new practical insights for tax-exempt institutional or taxable investor portfolios, 2013.

Pew Charitable Trusts

Grant for "Analysis of Second Liens and a New Proposal", with C. Mayer and E. Morrison, 2012, $25,000.

National Science Foundation

Award 1628895, "The Transmission from Households to the Real Economy: Evidence from Mortgage and Consumer Credit Markets", with A. Seru, 2016-2019, $514,527.

National Science Foundation

Award 1124188, "Understanding the Determinants of Household Default Decisions in the Mortgage Crisis", with C. Mayer and E. Morrison, 2011-2015, $347,811.