Friday, April 12
Continental Breakfast
10:00 am

How Should Climate Change Uncertainty Impact Social Valuation and Policy

Michael Barnett, Arizona State University
William Brock, University of Wisconsin - Madison
Lars P. Hansen, University of Chicago and NBER
Hong Zhang, Argonne National Laboratory

Discussant:
Stavros Panageas, University of California, Los Angeles and NBER
Break
11:15 am
Panel
Politics and Financial Markets
Chair: Lubos Pastor, University of Chicago and NBER
John Cochrane, Stanford University and NBER
Harrison Hong, Columbia University and NBER
Elisabeth Kempf, Harvard University and NBER
Lunch - Room 621
1:30 pm

Cross-Sectional Asset Pricing with Unsystematic Risk

Massimo Dello Preite, Imperial College London
Raman Uppal, EDHEC Business School
Paolo Zaffaroni, Imperial College London
Irina Zviadadze, HEC Paris

Discussant:
Nicolae B. Gârleanu, Washington University in St Louis and NBER
Break
2:45 pm

When do Treasuries Earn the Convenience Yield? --- A Hedging Perspective

Viral V. Acharya, New York University and NBER
Toomas Laarits, New York University

Discussant:
Arvind Krishnamurthy, Stanford University and NBER
Break
4:00 pm

Movements in Yields, not the Equity Premium: Bernanke-Kuttner Redux

Stefan Nagel, University of Chicago and NBER
Zhengyang Xu, City University of Hong Kong

Discussant:
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
Adjourn
Reception and Dinner at the Gleacher Center, Room 621