Asset Pricing Program Meeting
Organized by Janice C. Eberly and Konstantin Milbradt
April 12, 2019
Gleacher Center, Room 200, 450 North Cityfront Plaza Drive, Chicago, IL 60611
Friday, April 12
8:00 am
Continental Breakfast
8:30 am

Inequality Aversion, Populism, and the Backlash against Globalization

Lubos Pastor, University of Chicago and NBER
Pietro Veronesi, University of Chicago and NBER

Discussant:
Alp Simsek, Yale University and NBER
9:30 am
Break
9:45 am

The Impact of Pensions and Insurance on Global Yield Curves

Robin Greenwood, Harvard University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

Discussant:
Motohiro Yogo, Princeton University and NBER
10:45 am
Break
11:00 am

Premium for Heightened Uncertainty: Solving the FOMC Puzzle

Grace Xing Hu, The University of Hong Kong (HKU)
Jun Pan, Shanghai Jiao Tong University
Jiang Wang, Massachusetts Institute of Technology and NBER
Haoxiang Zhu, Massachusetts Institute of Technology and NBER

Discussant:
Jessica Wachter, University of Pennsylvania and NBER
12:00 pm
Lunch- Executive Dining Room 621
1:00 pm

Hedging Macroeconomic and Financial Volatility and Uncertainty

Ian Dew-Becker, Federal Reserve Bank of Chicago
Stefano Giglio, Yale University and NBER
Bryan T. Kelly, Yale University and NBER

Discussant:
Nina Boyarchenko, Federal Reserve Bank of New York
2:00 pm
Break
2:15 pm

Betting Against Betting Against Beta

Robert Novy-Marx, University of Rochester and NBER
Mihail Z. Velikov, Pennsylvania State University

Discussant:
Robert F. Stambaugh, University of Pennsylvania and NBER
3:15 pm

Real Risk or Paper Risk? Mis-measured Factors, Granular Measurement Errors, and Empirical Asset Pricing Tests

Sung Je Byun, Federal Reserve Bank of Dallas
Lawrence Schmidt, Massachusetts Institute of Technology

Discussant:
Ralph S. J. Koijen, University of Chicago and NBER
4:15 pm
Adjourn
6:00 pm
Reception and Dinner at Gleacher Center, Executive Dining Room 621