Columbia Business Insights

Professor Tomasz Piskorski is quoted.

Professor Tomasz Piskorksi is quoted.

Columbia Business School's Professor Brett House was quoted in Yahoo Finance discussing why overall consumer prices are likely to retreat more slowly than they rose, even as oil prices ease from wartime highs. In the piece, House notes that cheaper crude will take time to work its way through to lower gas and energy prices at the consumer level, and he expects headline inflation to ebb only gradually later this year, still short of the Fed's 2% target. He also points to travel costs, fertilizer prices, and mortgage rates as other war-affected areas likely to normalize slowly, cautioning that closing the final gap to the Fed's inflation target is typically the hardest part of the process.

Columbia Business School's Professor Brett House was quoted in The New York Times examining the lag between falling crude prices and relief at the gas pump following the reopening of the Strait of Hormuz. In the piece, House cautions that U.S. drivers are unlikely to see immediate price relief despite Brent crude falling to prewar levels, even as the country heads into peak summer driving season. He points to the depletion of the government's oil reserves during the conflict as a key factor constraining how quickly lower crude costs will translate into cheaper gasoline for consumers.

Columbia Business School's Professor Brett House was quoted in Forbes Daily assessing new Federal Reserve Chair Kevin Warsh's first major test amid pressure over interest rates and central bank independence. In the piece, House argues that Warsh's legacy will ultimately hinge on whether he preserves the Fed's independence, hits the 2% inflation target, and maintains financial stability, rather than on whether he delivers the rate cuts the White House has been pushing for.

Expertise in credit rating agencies, private credit markets, insurance regulation, and the measurement of credit risk. Our research shows that private ratings are systematically more inflated and less accurate than public ratings, allowing credit risk to be understated in regulated insurance portfolios. .faculty-items { display: grid; } @media (min-width: 1024px) { .faculty-items { grid-template-columns: repeat(3, 1fr); } } .m-listing-faculty, .m-listing-pgprofile { flex-direction: column; }

Professor Tomasz Piskorski is quoted.