This dissertation consists of three essays on housing and macroeconomics. The first chapter explores the impact of demographic change on housing price using a heterogeneous agent overlapping generations model. The second chapter examines the relationship between the marginal propensity to consume (MPC) and the housing choice. The third chapter presents...
Both individual and institutional investors face a number of constraints in their consumption and investment decisions. We look at well-motivated constraints on the consumption process as well as liquidity constraints and study their impact on optimal consumption and investment policies under a dynamic discrete time setting.