Asset Pricing Program Meeting
Organized by Alp Simsek and Jessica Wachter
April 17, 2026
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 17

8:45 am

Continental Breakfast

9:15 am

Economic Representations

Suproteem K. Sarkar, University of Chicago

Discussant:
Marina Niessner, Indiana University

10:15 am

Break

10:30 am

How do Households Suppress the Price of Tail Risk?

Laurent E. Calvet, SKEMA Business School
Claire Celerier, University of Toronto
Gordon Y. Liao, Circle
Boris Vallee, INSEAD

Discussant:
Neil Pearson, University of Illinois Urbana-Champaign

11:30 am

What Treasury Auctions Reveal About Investor Demand

Fabricius Somogyi, Northeastern University
Jonathan L. Wallen, Harvard University
Lingdi Xu, Harvard University

Discussant:
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

12:30 pm

Lunch - Room 621

1:30 pm

Monetary Shocks and Long-Run Neutrality in Asset Pricing

Anna Cieslak, Duke University and NBER
Paymon R. Khorrami, Duke University

Discussant:
Adi Sunderam, Harvard University and NBER

2:30 pm

Break

2:45 pm

A Model of U.S. Monetary Policy and the Global Financial Cycle

Rohan Kekre, University of California, Berkeley and NBER
Moritz Lenel, Princeton University and NBER

Discussant:
Adrien Verdelhan, Massachusetts Institute of Technology and NBER

3:45 pm

Break

4:00 pm

The Prestakes of Stock Market Investing

Francesco Bianchi, Johns Hopkins University and NBER
Do Q. Lee, New York University
Sydney C. Ludvigson, New York University and NBER
Sai Ma, Federal Reserve Board of Governors

Discussant:
Francesca Bastianello, University of Chicago

5:00 pm

Adjourn

5:30 pm

Reception and Group Dinner at the Gleacher Center, Room 621