Wednesday, July 11
6:00 pm
Clambake at the Royal Sonesta Hotel
Thursday, July 12
8:00 am
Coffee and Pastries
8:30 am

The Lost Capital Asset Pricing Model (slides)

Daniel Andrei, McGill University
Julien Cujean, University of Bern
Mungo Wilson, University of Oxford

Discussant:
Kenneth R. French, Dartmouth College and NBER
9:30 am

Text Selection

Bryan T. Kelly, Yale University and NBER
Asaf Manela, Washington University in St Louis
Alan Moreira, University of Rochester and NBER

Discussant:
Paul Tetlock, Columbia University
10:30 am
Break
11:00 am

The Economics of Factor Timing

Valentin Haddad, University of California, Los Angeles and NBER
Serhiy Kozak, University of Maryland
Shrihari Santosh, University of Maryland

Discussant:
John Y. Campbell, Harvard University and NBER
12:00 pm
Lunch
1:00 pm

Long Run Growth of Financial Data Technology

Maryam Farboodi, Massachusetts Institute of Technology and NBER
Laura Veldkamp, Columbia University and NBER

Discussant:
Vincent Glode, University of Pennsylvania
2:00 pm

An Equilibrium Valuation of Bitcoin and Decentralized Network Assets

Emiliano Pagnotta, Singapore Management University
Andrea Buraschi, University of Chicago

Discussant:
Michael Sockin, University of Texas at Austin
3:00 pm
Break
3:15 pm

OTC Intermediaries

Andrea L. Eisfeldt, University of California, Los Angeles and NBER
Bernard Herskovic, University of California, Los Angeles and NBER
Emil Siriwardane, Harvard University and NBER
Sriram Rajan, Department of the Treasury

Discussant:
Darrell Duffie, Stanford University and NBER
4:15 pm
Adjourn
Friday, July 13
8:00 am
Coffee and Pastries
8:30 am

Market Power and Price Informativeness

Marcin Kacperczyk, Imperial College London
Jaromir Nosal, Boston College
Savitar Sundaresan, Imperial College London

Discussant:
Martin C. Schmalz, University of Oxford
9:30 am

Restrictions on Asset-Price Movements Under Rational Expectations: Theory and Evidence

Ned Augenblick, University of California at Berkeley
Eben Lazarus, University of California, Berkeley

Discussant:
Jaroslav Borovička, New York University and NBER
10:30 am
Break
11:00 am

Asset Pricing with Return Extrapolation

Lawrence J. Jin, Cornell University and NBER
Pengfei Sui, The Chinese University of Hong Kong, Shenzhen

Discussant:
Lars A. Lochstoer, University of California, Los Angeles and NBER
12:00 pm
Lunch
1:00 pm

Heterogeneity and Asset Prices: A Different Approach

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

Discussant:
Lawrence D.W. Schmidt, Massachusetts Institute of Technology
2:00 pm

Decomposing Firm Value

Frederico Belo, INSEAD
Vito Gala, PIMCO
Juliana Salomao, University of Minnesota and NBER
Maria Ana Vitorino, INSEAD

Discussant:
Toni Whited, University of Michigan and NBER
3:00 pm
Break
3:15 pm

Term Structures of Credit Spreads with Dynamic Debt Issuance and Incomplete Information

Luca Benzoni, Federal Reserve Bank of Chicago
Lorenzo Garlappi, University of British Columbia
Robert Goldstein, University of Minnesota and NBER

Discussant:
Gregory Duffee, Johns Hopkins University
4:15 pm
Adjourn