Jenny Gu - Research Insights

Jenny Gu, Satish & Yasmin Gupta College of Business

Jenny Gu"Mortgage Loan Securitization and Personal Consumption Smoothening"

In the Author's Words

In this paper we examine the extent to which personal consumptions are sheltered from state-specific economic shocks because of banks’ mortgage loan securitizations. We posit that securitization contributes to personal consumption smoothening due to securitizations’ positive effect on banks’ credit supply, which reduces consumers’ consumption constraints during economic shocks. Using data for U. S. banks’ mortgage loan securitizations from 1989 to 2008, we show that personal consumption smoothening is positively related to securitization. The finding of a significant relationship between loan securitizations and consumption smoothening contributes to the continuing debate on the role of financial innovation in real economy.

Gu, J., Hernandez, R., Liu, P., & Shao, Y. (2015). Mortgage Loan Securitization and Personal Consumption Smoothening. Journal of Economics and Finance. “lead article” in issue.

Faculty Profile: Jenny Gu

News

UD in the Community: Lamberti's Carries On Tradition

Its connection to UD helps the alumnus-owned Lamberti's fulfill its three pillars: local, tradition and famiglia. Lamberti's was the vendor for this year's Groundhog "Party in the Park" celebration; additionally, Lamberti's is looking into carrying Due Santi Rosso wine from UD's own vineyard on the Eugene Constantin Campus.

+ Read More

University of Dallas Dedicates Cardinal Farrell Hall -- Its New 'Front Door'

The University of Dallas community gathered on Friday, Feb. 2, 2018, for the formal blessing and opening of Cardinal Farrell Hall, named after our former bishop of Dallas, previous chancellor and longtime friend of the university, Kevin Cardinal Farrell. The opening of the new student-focused building marks the completion of one of several capital projects, a part of a broader institutional effort to transform the university's Irving campus.

+ Read More

Textile and Ceramic Exhibition Arrives from North Carolina Mountain Range

The Beatrice M. Haggerty Gallery proudly announces the opening of a two-person exhibition, "What Remains," featuring artists Rachel Meginnes and Assistant Professor of Ceramics Kelly O'Briant. The exhibition is curated by Penland Gallery Director Kathryn Gremley of the Penland School of Craft in North Carolina. In 2001, O'Briant received a two-year Core Fellowship from the Penland School of Craft, where Meginnes recently completed a three-year residency.

+ Read More