Asset Pricing Program Meeting
Organized by Stefano Giglio and Tarek Alexander Hassan
November 8, 2019
Koret-Taube Conference Center, SIEPR-Gunn Building, 366 Galvez Street, Stanford, CA 94305

Friday, November 8

Presentations, 25 min.; Discussants, 20 min.; General discussion, 15 min.

8:00 am

Continental Breakfast

8:30 am

Are Intermediary Constraints Priced? (slides)

Wenxin Du, Harvard University and NBER
Benjamin M. Hébert, Stanford University and NBER
Amy Wang Huber, University of Pennsylvania

Discussant:
Stavros Panageas, University of California, Los Angeles and NBER

9:30 am

Break

9:45 am

Panel: "The Future of Asset Pricing"
Chair: Darrell Duffie

1. Models of beliefs: Stefan Nagel (slides) and Monika Piazzesi (slides)
2. International finance: Emmanuel Farhi (slides) and Hanno Lustig (slides)

10:45 am

15-minute Break

3. Intermediary asset pricing: Arvind Krishnamurthy (slides) and Ralph Koijen (slides)
4. Macro and monetary policy: Sydney Ludvigson (slides) and Markus Brunnermeier (slides)

12:00 pm

Lunch

1:15 pm

Characteristics of Mutual Fund Portfolios: Where Are the Value Funds? (slides)

Martin Lettau, University of California, Berkeley and NBER
Sydney C. Ludvigson, New York University and NBER
Paulo Martins Manoel, University of California, Berkeley

Discussant:
Kent D. Daniel, Columbia University and NBER

2:15 pm

Break

2:30 pm

Global Banks and Systemic Debt Crises

Juan Morelli, Federal Reserve Bank of New York
Pablo Ottonello, University of Maryland, College Park and NBER
Diego Perez, New York University and NBER

Discussant:
Hanno Lustig, Stanford University and NBER

3:30 pm

Break

3:45 pm

Top Wealth in the United States: New Estimates and Implications for Taxing the Rich

Matthew Smith, U.S. Department of the Treasury
Owen M. Zidar, Princeton University and NBER
Eric Zwick, University of Chicago and NBER

Discussant:
John H. Cochrane, Stanford University and NBER

4:45 pm

Adjourn

6:00 pm

Dinner
SchwabDining Hall-Vidalakis Mid
680 Serra Street
Stanford, CA