Essays in Finance and Macroeconomics

Essays in Finance and Macroeconomics

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This dissertation is a collection of essays relating to asset pricing. The first two essays study the effect of home mortgages on asset prices. The first essay is motivated by Equity Premium Puzzle of Mehra and Prescott. It studies a life cycle economy with home mortgages in it. They key finding is that model is able to generate equity premium consistent with US data for reasonable parameterizations and the equity premium goes up as the agents leverage more to buy the houses.Electrical Engineering University of California September, 2007 Santa Barbara, USA University of California June, 2003 ... Research Fellowship by Department of Economics Summer, 2003 Distinction in PhD qualifying exam in Econometrics anbsp;...

Title:Essays in Finance and Macroeconomics
Publisher:ProQuest - 2007


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