Friday, November 5

8:30 am

Continental Breakfast

8:50 am

Opening and introductions

9:00 am

Who Owns What? A Factor Model for Direct Stock Holding

Vimal Balasubramaniam, Queen Mary University of London
John Y. Campbell, Harvard University and NBER
Tarun Ramadorai, Imperial College London
Benjamin Ranish, Federal Reserve Board of Governors

Discussant:
Johannes Stroebel, New York University and NBER

10:00 am

Break

10:15 am

Predictable Price Pressure

Samuel M. Hartzmark, Boston College and NBER
David H. Solomon, Boston College

Discussant:
Dimitri Vayanos, London School of Economics and NBER

11:15 am

Break

11:30 am

Panel ─ Central bank digital currencies: Challenges and opportunities
Darrell Duffie, Stanford University and NBER (moderator)
Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank
Markus K. Brunnermeier, Princeton University and NBER
Monika Piazzesi, Stanford University and NBER

12:30 pm

Lunch

2:00 pm

Partisan Return Gap: The Polarized Stock Market in the Time of a Pandemic

Jinfei Sheng, University of California, Irvine
Zheng Sun, University of California, Irvine
Wanyi Wang, University of California, Irvine

Discussant:
Pietro Veronesi, University of Chicago and NBER

3:00 pm

Break

3:15 pm

FinTech Lending and Cashless Payments

Pulak Ghosh, India Institute of Management Bangalore
Boris Vallee, Harvard University
Yao Zeng, University of Pennsylvania

Discussant:
Lin William Cong, Cornell University and NBER

4:15 pm

Break

4:30 pm

Precautionary Savings and the Stock-Bond Covariance

Toomas Laarits, New York University

Discussant:
Andrea Vedolin, Boston University and NBER

5:30 pm

Adjourn