NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

ASSET PRICING PROGRAM MEETING

Monika Piazzesi and Stijn Van Nieuwerburgh, Organizers

November 21, 2008

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

PROGRAM

THURSDAY, NOVEMBER 20:

7:00 pm Dinner

Royal Sonesta Hotel

Skyline A,B,&C

40 Edwin H. Land Boulevard

Cambridge, MA 02138

FRIDAY, NOVEMBER 21:

8:15 am Continental Breakfast

8:45 am ERIC SWANSON and GLENN RUDEBUSCH,

Federal Reserve Bank of San Francisco

The Bond Premium in a DSGE Model with Long-

Run Real and Nominal Risks

Discussant: STANLEY ZIN, Carnegie Mellon University and NBER

9:45 am ITAMAR DRECHSLER, University of Pennsylvania

AMIR YARON, University of Pennsylvania and NBER

What Vol Got to Do With It

Discussant: LARS HANSEN, University of Chicago and NBER

10:45 am Break

11:00 am JAKUB JUREK, Princeton University

Crash-Neutral Currency Carry Trades

Discussant: ADRIAN VERDELHAN, Boston University

12:00 pm Lunch

1:00 pm SANTIAGO BAZDRECH, FREDERICO BELO, University of Minnesota

XIAOJI LIN, London School of Economics

Labor Hiring, Investment and Stock Return

Predictability in the Cross Section

Discussant: FRANCOIS GOURIO, Boston University

2:00 pm MARTIJN CREMERS and ANTTI PETAJISTO, Yale University

ERIC ZITZEWITZ, Dartmouth College

Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation

Discussant: LUBOS PASTOR, University of Chicago and NBER

3:00 pm Break

3:15 pm JOHN Y. CAMPBELL and LUIS M. VICERA, Harvard University and NBER

ADI SUNDERAM, Harvard University

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

Discussant: GEORGE TAUCHEN, Duke University

4:15 pm Adjourn

11/7/08