Authors, please upload your paper here.
NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2011
Asset Pricing Workshop
Tobias Moskowitz and Pietro Veronesi, Organizers
July 14 - 15, 2011
Royal Sonesta Hotel
40 Edwin H. Land Blvd.
Cambridge, Massachusetts
PROGRAM
Thursday, July 14:
8:00 am	Registration – Riverfront Room (East Tower)
	Coffee and Pastries – Ballroom A (West Tower)
8:30 am	Maxim Ulrich, Columbia University
	How does the Bond Market Perceive Government Interventions
	Discussant: Greg Duffee, Johns Hopkins University
9:30 am	David Backus, New York University and NBER
	Mikhail Chernov, London School of Economics
	Stanley Zin, New York University and NBER
	Sources of Entropy in Representative Agent Models
	Discussant: Lars P. Hansen University of Chicago and NBER
10:30 am	Break
11:00 am	Markus K. Brunnermeier, Princeton University and NBER
	Yuliy Sannikov, Princeton University
	A Macroeconomic Model with a Financial Sector
	Discussant: John Heaton, University of Chicago and NBER
12:00 n	Xavier Gabaix, New York University and NBER
	A Sparsity-Based Model of Bounded Rationality
	Discussant: Andy Abel, University of Pennsylvania and NBER
1:00 pm	Lunch
2:00 pm	Carolin E. Pflueger, Harvard University
	Luis M. Viceira, Harvard University and NBER
	An Empirical Decomposition of Risk and Liquidity in Nominal and Inflation-Indexed Government Bonds
	Discussant: George Pennacchi, University of Illinois
3:00 pm	Break
3:20 pm	Harjoat S. Bhamra, University of British Columbia
	Adlai J. Fisher, University of British Columbia
	Lars-Alexander Kuehn, Carnegie Mellon University
	Monetary Policy and Corporate Default
	Discussant: Thomas Philippon, New York University and NBER
4:20 pm	Adjourn
6:00 pm	Group Dinner at the Hotel Marlowe (across the street from the Royal Sonesta Hotel)
Friday, July 15:
8:00 am	Registration – Riverfront Room (East Tower)
	Coffee and Pastries – Ballroom A (West Tower)
8:30 am	Paolo Pasquariello, University of Michigan
	Financial Market Dislocations
	Discussant: Ralph Koijen, University Chicago and NBER
9:30 am	Tim Landvoigt, Stanford University
	Monika Piazzesi, Stanford University and NBER
	Martin Schneider, Stanford University and NBER
	The Housing Market(s) of San Diego
	Discussant: John Campbell, Harvard University and NBER
10:30 am	Break
11:00 am	Stefan Nagel, Stanford University and NBER
	Evaporating Liquidity
	Discussant: Charles Jones, Columbia University
12:00 n	Pavel Savor, University of Pennsylvania
	Mungo Wilson, Oxford University
	Earnings Announcements and Systematic Risk
	Discussant: Owen Lamont, Yale University
1:00 pm	Lunch
2:00 pm	Kent Daniel, Columbia University
	Momentum Crashes
	Discussant: Tobias Moskowitz, University of Chicago and NBER
3:00 pm	Break
3:30 pm	Stavros Panageas, University of Chicago and NBER
	Pension Design in the Presence of Systemic Risk
	Discussant: Deborah J. Lucas, Massachusetts Institute of Technology and NBER
4:30 pm	Adjourn