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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Asset Pricing Program Meeting

Kent D. Daniel and Robert Hodrick, Organizers

November 6, 2015

Stanford Graduate School of Business

Bass Building, Room B400
Knight Management Center
655 Knight Way
Stanford, CA 94305

PROGRAM

Friday, November 06:
8:00 am	Continental Breakfast
8:30 am	David Backus, New York University and NBER Nina Boyarchenko, Federal Reserve Bank of New York Mikhail Chernov, University of California at Los Angeles Term Structures of Asset Prices and Returns Discussant: Lars Lochstoer, Columbia University
9:30 am	Break
9:45 am	Michael Weber, University of Chicago The Term Structure of Equity Returns: Risk or Mispricing? Discussant: Jules van Binsbergen, University of Pennsylvania and NBER
10:45 am	Break
11:00 am	Dong Lou, London School of Economics Christopher Polk, London School of Economics Spyros Skouras, Athens University of Economics and Business A Tug of War: Overnight Versus Intraday Expected Returns Discussant: Andrea Frazzini, AQR Capital Management
12:00 pm	Lunch
1:15 pm	Zhiguo He, University of Chicago and NBER Bryan T. Kelly, University of Chicago and NBER Asaf Manela, Washington University in St. Louis Intermediary Asset Pricing: New Evidence from Many Asset Classes Discussant: Tyler Muir, Yale University
2:15 pm	Break
2:30 pm	Ian Dew-Becker, Northwestern University Stefano Giglio, University of Chicago and NBER Anh T. Le, University of North Carolina Marius Rodriguez, Federal Reserve Board The Price of Variance Risk Discussant: Itamar Drechsler, New York University and NBER
3:30 pm	Break
3:45 pm	Nicolae B. Garleanu, University of California at Berkeley and NBER Lasse H. Pedersen, Copenhagen Business School Efficiently Inefficient Markets for Assets and Asset Management Discussant: Tano Santos, Columbia University and NBER
4:45 pm	Adjourn
6:00 pm	Dinner (Joint with Corporate Finance) MacArthur Park Restaurant 27 University Avenue Palo Alto, CA 94301

9/25/15