Andra Ghent

Andra Ghent is a Professor of Finance at the University of Utah where she holds the Ivory-Boyer Chair in Real Estate. She is the Academic Director of the Ivory-Boyer Real Estate Center. Her current research interests are real estate finance, financial intermediation, and urban economics. Her research has been cited in US congressional testimony and by media outlets such as The New York Times, The Wall Street Journal, The Washington Post, Forbes, and Bloomberg. Her research has been published in top academic journals such as the Journal of Financial Economics, Journal of Urban Economics, Management Science, the Review of Economic Studies, and the Review of Financial Studies. She is an Associate Editor at the Review of Financial Studies and the Journal of Financial Economics. She teaches courses on housing affordability and real estate finance.

Selected Accepted Journal Articles

Flynn, S. & Ghent, A. (2016). Competition and Credit Ratings After the Fall. Management Science

Selected Published Journal Articles

• Ghent, A. & Valkanov, R. (2016). Comparing Securitized and Balance Sheet Loans: Size Matters. Management Science (62), 2784-2803..
• Ghent, A. (2015). Home Ownership, Household Leverage, and Hyperbolic Discounting. Real Estate Economics (43), 750-781.
• Ghent, A. & Hernandez-Murillo, R. & Owyang, M. (2015). Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?. Real Estate Economics (43), 820-854.
• Ghent, A. & Hernandez-Murillo, R. & Owyang, M. (2014). Differences in Subprime Loan Pricing Across Races and Neighborhoods. Regional Science and Urban Economics (48), 199-215.
• Ghent, A. (2014). How do Case Law and Statute Differ? Lessons from the Evolution of Mortgage Law. Journal of Law and Economics (57), 1085-1122..
• Ghent, A. (2012). Infrequent Housing Adjustment, Limited Participation, and Monetary Policy. Journal of Money, Credit & Banking (44), 931-55.
• Ghent, A. & Kudlyak, M. (2011). Recourse and Residential Mortgage Default: Evidence from U.S. States. Review of Financial Studies (24), 3139-86.
• Ghent, A. (2011). Securitization and Mortgage Renegotiation: Evidence from the Great Depression. Review of Financial Studies (24), 1814-47.
• Ghent, A. & Owyang, M. (2010). Is Housing the Business Cycle? Evidence from U.S. Cities. Journal of Urban Economics (67), 336-51.
• Ghent, A. (2009). Comparing DSGE-VAR Forecasting Models: How Big are the Differences?. Journal of Economic Dynamics and Control (33), 864-82.

Presentations

• Federal Reserve Bank of Chicago / University of Wisconsin (Madison) HULM Conference ( 2014 )
• Federal Reserve Board of Governors ( 2014 )
• HEC Montréal ( 2014 )
• NBER Summer Institute ( 2014 )
• Secutities and Exchange Commission (SEC) ( 2014 )
• SED ( 2014 )
• SFS Finance Cavalcade ( 2014 )
• Stanford Institute for Theoretical Economics (SITE) ( 2014 )
• University of British Columbia Urban Land Economics Symposium, ( 2014 )
• University of Texas (Austin) Summer Real Estate Finance Symposium ( 2014 )
• WU Vienna ( 2014 )
• AFA Annual Meeting ( 2013 )
• Arizona State University ( 2013 )
• CEMMAP Conference “Housing: Microdata, Macro Problems” ( 2013 )
• Federal Reserve Bank of Atlanta and University of North Carolina (Charlotte) Conference “Government Involvement in Residential Mortgage Markets" ( 2013 )
• Federal Reserve Bank of Philadelphia Conference “New Perspectives on Consumer Behavior in Credit and Payment Markets” ( 2013 )
• NBER Summer Institute ( 2013 )
• NorthCarolina (Charlotte) Conference “Government Involvement in Residential Mortgage Markets” ( 2013 )
• University of Arizona (College of Social and Behavioral Based Sciences) “Symposium: Rethinking Mortgage-Based Homeownership" ( 2013 )
• University of Arizona (Eller School of Management) ( 2013 )
• University of California (Berkeley) ( 2013 )
• Arizona State University ( 2012 )
• Baruch College ( 2012 )
• Belarus Economic Research Outreach Center(BEROC) Third Annual International Economics Conference ( 2012 )
• Federal Reserve Bank of Chicago ( 2012 )
• Federal Reserve Bank of Cleveland “Policy Summit on Housing, Human Capital and Inequality" ( 2012 )
• Federal Reserve Bank of New York ( 2012 )
• Fordham University ( 2012 )
• HULM (Fall) ( 2012 )
• Mortgage Bankers’ Association Annual Meeting ( 2012 )
• Penn State University ( 2012 )
• Swedish Institute for Financial Research’s (SIFR) Conference “Real Estate and Mortgage Finance" ( 2012 )
• the Weimar School of Advanced Studies in Real Estate and Land Economics ( 2012 )
• University of California (San Diego) ( 2012 )
• University of Toronto ( 2012 )
• University of Western Ontario ( 2012 )
• American Real Estate and Urban Economics Association Annual Meeting ( 2011 )
• American Real Estate and Urban Economics Mid-Year Meeting ( 2011 )
• Fordham University ( 2011 )
• Freddie Mac ( 2011 )
• Santa Clara University ( 2011 )
• University of California (Berkeley) ( 2011 )
• University of Pennsylvania ( 2011 )
• University of Wisconsin (Madison) ( 2011 )
• American Law and Economics Association Annual Meeting ( 2010 )
• American Real Estate and Urban Economics Association Mid-Year Meeting ( 2010 )
• Baruch College ( 2010 )
• Eastern Economics Association Annual Meeting ( 2010 )
• FDIC / Federal Reserve System “Symposium on Mortgages and the Future of Housing Finance" ( 2010 )
• University of Southern California ( 2010 )
• Baruch College ( 2009 )
• Eastern Finance Association ( 2009 )
• Federal Reserve Bank of Atlanta /University of Wisconsin HULM Conference ( 2009 )
• Federal Reserve Bank of Philadelphia ( 2009 )
• University of Connecticut ( 2009 )
• Asian Real Estate Society Annual Meeting ( 2008 )
• Baruch College ( 2008 )
• Brandeis University ( 2008 )
• Canadian Economics Association Annual Conference ( 2008 )
• Federal Reserve Bank of San Francisco ( 2008 )
• Federal Reserve Bank of St. Louis ( 2008 )
• Lehman Brothers ( 2008 )
• Rutgers University ( 2008 )
• University of California (Davis) ( 2008 )
• University of California (Santa Cruz) ( 2008 )
• University of Notre Dame ( 2008 )
• University of Virginia (Charlottesville) ( 2008 )
• University of California, San Diego (UCSD) ( 2007 )
• Western Economics Association International Meeting ( 2007 )
• Conference of the American Statistical Association (San Diego Chapter) ( 2006 )
• Federal Reserve Board of Governors ( 2006 )
• Guanajuato Workshop for Young Economists, ( 2006 )
• University of California, San Diego (UCSD) ( 2006 )
• Western Economics Association International Meeting ( 2006 )