Download or read book Essays in Finance and Macroeconomics written by Alok Khare and published by ProQuest. This book was released on 2007 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.