Professor of Policy, Planning, and Development
USC School of Policy, Planning, and Development
213-821-1030
ydeng@usc.edu
Professor Deng brings a distinctive capability in applied econometrics and financial economics modeling to the faculty. While his primary research interest is in the empirical exploration of the behavior of mortgage borrowers, Deng's research has explored a wide variety of issues in real estate finance and urban economic policy, including behavioral finance and economics with applications to real estate markets and the property markets and mortgage markets in China. He serves on the boards for the American Real Estate and Urban Economic Association, Real Estate Research Institute, and Gerson Lehrman Group. Additionally, he is a fellow at the Homer Hoyt Institute. Prior to joining the USC faculty in 1999, he served as an economist and expert in the Office of Federal Housing Enterprise Oversight.
Education:
Ph.D., University of California, Berkeley
Selected Publications:
“Index Revision, House Price Risk, and the Market for House Price Derivatives,” with John Quigley, Journal of Real Estate Finance and Economics, 37 (3), 191-209, (2008).
“Subordinations Levels in Structured Financing,” with Xudong An and Anthony Sanders, in Handbook of Financial Intermediation and Banking, Anjan V. Thakor and Arnoud Boot (ed.), Elsevier Pub. (2008), ISBN: 978-0-444-51558-2.
“Risk-Based Pricing and the Enhancement of Mortgage Credit Availability among Underserved and Higher Credit-Risk Populations,” with Stuart Gabriel, Journal of Money, Credit and Banking,38(6), 1431-1460, (2006).
“An Early Assessment of Residential Mortgage Performance in China,” with Della Zheng and Changfeng Ling, Journal of Real Estate Finance and Economics, 31 (2), 117-136 (2005).
“Racial Differences in Homeownership: The Effect of Residential Location,” with Steve Ross and Susan Wachter, Regional Science and Urban Economics, 33 (5), 517-556, (2003).
“Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options,” with John Quigley and Robert Van Order, Econometrica, 68(2), 275-307, (2000).
“Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy,” with John Quigley and Robert Van Order, Regional Science and Urban Economics, 26(3-4), 263-285, (1996). Reprinted in The Economics of Housing (International Library of Critical Writings in Economics, Vol. 85) John M. Quigley (Ed.), Edward Elgar Pub. (1997).