Asset Pricing Program Meeting
Organized by Tyler Muir and Nikolai Roussanov
April 18, 2025
Gleacher Center, Room 100, 450 North Cityfront Plaza Drive, Chicago, IL
Format: 20 minutes for authors, 20 minutes for discussants, 20 minutes for Q&A
Friday, April 18
9:00 am
Continental Breakfast
9:30 am

Time-Varying Risk Premia and Heterogeneous Labor Market Dynamics

Maarten Meeuwis, Washington University in St. Louis
Dimitris Papanikolaou, Northwestern University and NBER
Jonathan L. Rothbaum, U.S. Census Bureau
Lawrence D.W. Schmidt, Massachusetts Institute of Technology

Discussant:
Xiaoji Lin, University of Minnesota
10:30 am
Break
10:45 am

Climate Capitalists

Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER
Sangmin Simon Oh, Columbia University

Discussant:
David Thesmar, Massachusetts Institute of Technology and NBER
11:45 am

Mental Models and Financial Forecasts

Francesca Bastianello, University of Chicago
Paul Décaire, Arizona State University
Marius Guenzel, University of Pennsylvania

Discussant:
Stefano Giglio, Yale University and NBER
12:45 pm
Lunch - Room 621 (hosted by the NBER)
1:45 pm

Upgrading Credit Pricing and Risk Assessment through Embeddings

Xavier Gabaix, Harvard University and NBER
Ralph S. J. Koijen, University of Chicago and NBER
Robert J. Richmond, New York University and NBER
Motohiro Yogo, Princeton University and NBER

Discussant:
Hui Chen, Massachusetts Institute of Technology and NBER
2:45 pm
Break
3:00 pm

The Unintended Consequences of Rebalancing

Campbell R. Harvey, Duke University and NBER
Michele Mazzoleni, Capital Group
Alessandro Melone, The Ohio State University

Discussant:
Valentin Haddad, University of California, Los Angeles and NBER
4:00 pm
Break
4:15 pm

Granular Treasury Demand with Arbitrageurs

Kristy A.E. Jansen, University of Southern California
Wenhao Li, University of Southern California and NBER
Lukas Schmid, University of Southern California

Discussant:
Adi Sunderam, Harvard University and NBER
5:15 pm
Adjourn
5:30 pm
Reception and Group Dinner (hosted by the NBER) - Gleacher Center