Gleacher Center, GSB (Downtown Chicago)

450 North Cityfront Plaza Drive

FRIDAY, MARCH 30:

8:00 AM Continental Breakfast

8:30 AM RAVI BANSAL, Duke University

DANA KIKU, University of Pennsylvania

AMIR YARON, University of Pennsylavania and NBER

Risks for the Long Run: Estimation and Inference

Discussant: GEORGE CONSTANTINIDES, University of Chicago and NBER

9:30 AM Break

9:45 AM WEI YANG, University of Rochester

Time-Varying Exposure to Long -Run Consumption Risk

Discussant: LARS HANSEN, University of Chicago and NBER

10:45 AM Break

11:00 AM DIMITRI VAYANOS, London School of Economics and NBER

JEAN-LUC VILA, Merrill Lynch

A Preferred-Habitat Model of the Term Structure of Interest Rates

Discussant: PIERRE COLLIN-DUFRESNE, UC, Berkeley and NBER

12:00 N Lunch-Room 621

1:00PM LORENZO GARLAPPI, University of Texas

HONG YAN, University of South Carolina

Financial Distress and the Cross-Section of Equity Returns

Discussant: JOAO GOMES, University of Pennsylavania

2:00 PM Break

2:15 PM XAVIER GABAIX, MIT and NBER

Linearity-Generating Processes: A Modeling Tool Yielding Closed Forms for Asset Prices

Discussant: PIETRO VERONESI, University of Chicago and NBER

Over, Please! ASSET PRICING PROGRAM, PAGE 2:

3:15 PM Break

3:30 PM LUBOS PASTOR and PIETRO VERONESI, University of Chicago and NBER

LUCIAN TAYLOR, University of Chicago

Entrepreneurial Learning, The IPO Decision and the Post-IPO Drop in Firm Profitability

Discussant: MARKUS BRUNNERMEIER, Princeton University and NBER

4:30 PM Adjourn

6:00 PM Joint Reception/Dinner

University of Chicago

Gleacher Center

Room 621

450 North Cityfront Plaza Drive

Chicago, IL 60611

3/19/07