Wednesday, July 10
6:00 pm
Dinner at Hotel Marlowe (Muse Salon)
(across the street from the Royal Sonesta Hotel)
Thursday, July 11
8:00 am
Coffee and Pastries
Morning session will be joint with Macro, Money and Financial Frictions
8:30 am

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

Hui Chen, Massachusetts Institute of Technology and NBER
Zhuo Chen, Tsinghua University
Zhiguo He, Stanford University and NBER
Jinyu Liu, University of International Business and Economics
Rengming Xie, CITIC Securities

Discussant:
Tao Zha, Emory University and NBER
9:30 am

Risk Free Interest Rates

Jules H. van Binsbergen, University of Pennsylvania and NBER
William F. Diamond, University of Pennsylvania
Marco Grotteria, London Business School

Discussant:
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
10:30 am
Break
11:00 am

The Short Rate Disconnect in a Monetary Economy

Moritz Lenel, Princeton University and NBER
Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER

Discussant:
Michael Woodford, Columbia University and NBER
12:00 n
Lunch
1:00 pm

Belief Disagreement and Portfolio Choice

Maarten Meeuwis, Washington University in St Louis
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
Antoinette Schoar, Massachusetts Institute of Technology and NBER
Duncan Simester, Massachusetts Institute of Technology

Discussant:
Johannes Stroebel, New York University and NBER
2:00 pm

Sentiment and Speculation in a Market with Heterogeneous Beliefs (slides)

Ian Martin, London School of Economics and Political Science (LSE)
Dimitrios Papadimitriou, London School of Economics and Political Science (LSE)

Discussant:
Eben Lazarus, University of California, Berkeley
3:00 pm
Break
3:15 pm

Hedging Risk Factors

Tyler Muir, University of California, Los Angeles and NBER
Alan Moreira, University of Rochester and NBER
Bernard Herskovic, University of California, Los Angeles and NBER

Discussant:
Owen Lamont, Acadian Asset Management
4:15 pm
Adjourn
Friday, July 12
8:00 am
Coffee and Pastries
8:30 am

Fake News: Evidence from Financial Markets

Shimon Kogan, Reichman University
Tobias J. Moskowitz, Yale University and NBER
Marina Niessner, Indiana University

Discussant:
Kent D. Daniel, Columbia University and NBER
9:30 am

In Military We Trust: The Effect of Managers' Military Background on Mutual Fund Flows

Vitaly Orlov, University of St. Gallen
Alexander Cochardt, University of St. Gallen
Stephan Heller, Harvard University

Discussant:
Stefano Giglio, Yale University and NBER
11:00 am

The Market Cost of Business Cycle Fluctuations

Anisha Ghosh, McGill University
Christian Julliard, London School of Economics and Political Science (LSE)
Michael Stutzer, University of Colorado Boulder

Discussant:
Jaroslav Borovička, New York University and NBER
12:00 n
Lunch
1:00 pm

Low Inflation: High Default Risk AND High Equity Valuations

Harjoat Bhamra, Imperial College Business School
Christian Dorion, HEC Montreal
Alexandre Jeanneret, HEC Montreal
Michael Weber, University of Chicago and NBER

Discussant:
Alessandra Peter, New York University and NBER
2:00 pm

Exchange Rate Exposure and Firm Dynamics

Juliana Salomao, University of Minnesota and NBER
Liliana Varela, London School of Economics and Political Science (LSE)

Discussant:
Emil Verner, Massachusetts Institute of Technology and NBER
3:00 pm
Break
3:15 pm

The Cross-Section of Household Preferences

Laurent E. Calvet, EDHEC Business School
John Y. Campbell, Harvard University and NBER
Francisco Gomes, London Business School
Paolo Sodini, Stockholm School of Economics

Discussant:
Jessica Wachter, University of Pennsylvania and NBER
4:15 pm
Adjourn