Thursday, July 13
8:00 am
Coffee and Pastries
Morning joint with Macro, Money and Financial Frictions
Markus K. Brunnermeier, Arvind Krishnamurthy, and Guillermo Ordoñez, Organizers
8:30 am

Debt, Information, and Illiquidity

Efraim Benmelech, Northwestern University and NBER
Nittai Bergman, Tel Aviv University

Discussant:
Pierre Collin-Dufresne, École Polytechnique Fédérale de Lausanne
9:30 am

Finance in a time of Disruptive Growth

Nicolae B. Gârleanu, Washington University in St Louis and NBER
Stavros Panageas, University of California, Los Angeles and NBER

Discussant:
Francisco J. Buera, Washington University in St Louis and NBER
10:30 am
Break
11:00 am

Is Inflation Default? The Role of Information in Debt Crises.

Marco Bassetto, Federal Reserve Bank of Minneapolis
Carlo Galli, Universidad Carlos III de Madrid

Discussant:
Christopher A. Sims, Princeton University
12:00 noon
Lunch
Asset Pricing Workshop Continues
Stavros Panageas, and Andrea L. Eisfeldt, Organizers
1:00 pm

Yield Curve Premia

Jordan Brooks, AQR Capital Management
Tobias J. Moskowitz, Yale University and NBER

Discussant:
Monika Piazzesi, Stanford University and NBER
2:00 pm

Cyclical Dispersion in Expected Defaults

Joao Gomes, University of Pennsylvania
Marco Grotteria, London Business School
Jessica Wachter, University of Pennsylvania and NBER

Discussant:
François Gourio, Federal Reserve Bank of Chicago
3:00 pm
Break
3:15 pm

A Macroeconomic Model with Financially Constrained Producers and Intermediaries

Vadim Elenev, Johns Hopkins University
Tim Landvoigt, University of Pennsylvania and NBER
Stijn Van Nieuwerburgh, Columbia University and NBER

Discussant:
Motohiro Yogo, Princeton University and NBER
4:15 pm
Adjourn
6:00 pm
Group Dinner - Hotel Marlowe (Muse Salon)
Friday, July 14
8:00 am
Coffee and Pastries
8:30 am

Asset Prices and Wealth Inequality

Matthieu Gomez, Columbia University

Discussant:
Alexis A. Toda, University of California, San Diego
9:30 am

Chasing Private Information

Marcin Kacperczyk, Imperial College London
Emiliano Pagnotta, Singapore Management University

Discussant:
Norman Schurhoff, University of Lausanne
10:30 am
Break
11:00 am

Levered Ideas: Risk Premia along the Credit Cycle

Wenxi Liao, Duke University
Lukas Schmid, University of Southern California

Discussant:
Dimitris Papanikolaou, Northwestern University and NBER
12:00 non
Lunch
1:00 pm

Negative Swap Spreads and Limited Arbitrage

Urban Jermann, University of Pennsylvania and NBER

Discussant:
Francis A. Longstaff, University of California, Los Angeles and NBER
2:00 pm

The Relevance of Broker Networks for Information Diffusion in the Stock Market

Marco Di Maggio, Imperial College Business School
Francesco Franzoni, Swiss Finance Institute
Amir Kermani, University of California, Berkeley and NBER
Carlo Sommavilla, Swiss Finance Institute & USI

Discussant:
Bernard Herskovic, University of California, Los Angeles and NBER
3:00 pm
Break
3:15 pm

Diagnostic Expectations and Stock Returns

Pedro Bordalo, University of Oxford
Nicola Gennaioli, Bocconi University
Rafael La Porta, Brown University and NBER
Andrei Shleifer, Harvard University and NBER

Discussant:
Pietro Veronesi, University of Chicago and NBER
4:15 pm
Adjourn