Asset Pricing Program Meeting
Organized by Leonid Kogan and Jun Pan
November 10, 2017
Stanford Graduate School of Business

Friday, November 10

8:00 am

Continental Breakfast

8:30 am

Fire-Sale Spillovers in Debt Markets

Antonio Falato, Federal Reserve Board of Governors
Ali Hortaçsu, University of Chicago and NBER
Dan Li, Federal Reserve Board of Governors
Chaehee Shin, Federal Reserve Board of Governors

Discussant:
Manuel Adelino, Duke University and NBER

9:30 am

Break

9:45 am

The Economics of the Fed Put

Anna Cieslak, Duke University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

Discussant:
John H. Cochrane, Stanford University and NBER

10:45 am

Break

11:00 am

A Risk-centric Model of Demand Recessions and Macroprudential Policy

Ricardo J Caballero, Massachusetts Institute of Technology and NBER
Alp Simsek, Yale University and NBER

Discussant:
Martin Schneider, Stanford University and NBER

12:00 pm

Lunch

1:15 pm

Does Precautionary Savings Drive the Real Interest Rate? Evidence from the Stock Market

Carolin Pflueger, University of Chicago and NBER
Emil Siriwardane, Harvard University and NBER
Adi Sunderam, Harvard University and NBER

Discussant:
Lawrence D.W. Schmidt, Massachusetts Institute of Technology

2:15 pm

Break

2:30 pm

Demand for Information and Asset Pricing

Azi Ben-Rephael, Rutgers University
Bruce I. Carlin, Rice University and NBER
Zhi Da, University of Notre Dame
Ryan D. Israelsen, Michigan State University

Discussant:
Ian Dew-Becker, Federal Reserve Bank of Chicago

3:30 pm

Break

3:45 pm

Production Networks and Stock Returns: The Role of Creative Destruction

Michael Gofman, University of Rochester
Gill Segal, University of North Carolina at Chapel Hill
Youchang Wu, University of Oregon

Discussant:
Nicolae B. Gârleanu, Washington University in St. Louis and NBER

4:45 pm

Adjourn

5:30 pm

Dinner
Schwab-Vidalakis Dining Hall, 680 Serra Street, Stanford, CA 94305