Wisconsin School of Business

Andra Ghent

Academic Director of the James A. Graaskamp Center for Real Estate

Associate Professor - Real Estate & Urban Land Economics
Lorin and Marjorie Tiefenthaler Professor in Real Estate

Andra Ghent's research interests include the study of real estate finance, financial intermediation, and household finance. Her research has been published in top academic journals and she has taught real estate finance, real estate capital markets, and investment strategies in property markets at Baruch College, Arizona State University, and the University of Wisconsin-Madison. At Baruch College, she won the Dean’s Teaching Excellence Award. Ghent also served as visiting scholar to the Federal Reserve Bank of St. Louis. She holds a B.A. in economics from the University of British Columbia, an M.A. in economics from the University of Toronto and a Ph.D. in economics from the University of California - San Diego.
 

Selected Accepted Journal Articles


Ghent, A. & Valkanov, R. & Torous, W. (2017). Complexity in Structured Finance. Review of Economic Studies
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


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 )

Editorial and Reviewing Activities


Journal of Banking and Finance - Since March 2017
Associate Editor

Real Estate Economics - Since January 2015
Associate Editor


Photograph of Andra Ghent

Andra Ghent

Academic Director of the James A. Graaskamp Center for Real Estate
 
Associate Professor | Real Estate & Urban Land Economics
Lorin and Marjorie Tiefenthaler Professor in Real Estate
(608) 262-8775
5261 Grainger Hall