Thursday, January 21
Each session 35 minutes long with the following format: 15 minute presentation, 15 minute discussion, 5 minute Q&A
10:00 am

Global Pricing of Carbon-Transition Risk (slides)

Patrick Bolton, Columbia University
Marcin Kacperczyk, Imperial College London

Discussant:
Harrison Hong, Columbia University and NBER
10:35 am

How the Wealth Was Won: Factor Shares as Market Fundamentals

Daniel Greenwald, New York University and NBER
Martin Lettau, University of California, Berkeley and NBER
Sydney C. Ludvigson, New York University and NBER

Discussant:
Valentin Haddad, University of California, Los Angeles and NBER
11:10 am
Break
11:15 am

How Do Private Equity Fees Vary across Public Pensions? (slides)

Juliane Begenau, Stanford University and NBER
Emil Siriwardane, Harvard University and NBER

Discussant:
Stijn Van Nieuwerburgh, Columbia University and NBER
11:50 am

The Term Structure of CIP Violations (slides)

Patrick Augustin, McGill University
Mikhail Chernov, University of California, Los Angeles and NBER
Lukas Schmid, University of Southern California
Dongho Song, Johns Hopkins University

Discussant:
Michael Johannes, Columbia University
12:25 pm
Break
12:30 pm
Keynote address by John Cochrane, Stanford University and NBER (paper)
1:30 pm
Adjourn
Friday, January 22
10:00 am

Should Short-Term Shareholders Have Less Rights?

Lucian A. Bebchuk, Harvard University and NBER
Doron Y. Levit, University of Washington

Discussant:
Jeremy C. Stein, Harvard University and NBER
10:35 am

Exchange Rates and Asset Prices in a Global Demand System (slides)

Ralph S. J. Koijen, University of Chicago and NBER
Motohiro Yogo, Princeton University and NBER

Discussant:
Karen K. Lewis, University of Pennsylvania and NBER
11:10 am
Break
11:15 am

Is There Too Much Benchmarking in Asset Management? (slides)

Anil K. Kashyap, University of Chicago and NBER
Natalia Kovrijnykh, Arizona State University
Jian Li, Columbia University
Anna Pavlova, London Business School

Discussant:
Alp Simsek, Yale University and NBER
11:50 am

Global Infrastructure: Potential, Perils, and a Framework for Distinction (slides)

Camille Gardner, New York University
Peter Blair Henry, Stanford University

Discussant:
Ralph S. J. Koijen, University of Chicago and NBER
12:25 pm
Break
12:30 pm
Panel on Capital Markets and Investing during the Pandemic
John Campbell, Harvard University and NBER
Kathryn Kaminski, AlphaSimplex Group LLC
Owen Lamont, Wellington Asset Management
Tobias Moskowitz, Yale University and NBER
1:30 pm
Adjourn