Tuesday, July 9
8:30 am
Coffee and Pastries
Financial Frictions
9:10 am

Are Intermediary Constraints Priced?

Wenxin Du, Harvard University and NBER
Benjamin M. Hébert, Stanford University and NBER
Amy Wang Huber, University of Pennsylvania

Discussant:
S. Vish Viswanathan, Duke University and NBER
10:00 am
Break
10:10 am

Understanding the Cross-section of Global Equity Valuations and Expected Returns

Ralph S. J. Koijen, University of Chicago and NBER
Robert J. Richmond, New York University and NBER
Motohiro Yogo, Princeton University and NBER

Discussant:
Christopher Conlon, New York University and NBER
11:00 am
Break
11:10 am

World Financial Cycles

Yan Bai, University of Rochester and NBER
Patrick J. Kehoe, Stanford University and NBER
Fabrizio Perri, Federal Reserve Bank of Minneapolis

Discussant:
Fabrice Tourre, Baruch College
12:00 noon
Lunch
Exchange Rate Disconnect
1:00 pm

Global Portfolio Rebalancing and Exchange Rates

Nelson Camanho, Queen Mary University of London
Harald Hau, University of Geneva
Hélène Rey, London Business School and NBER

Discussant:
Katharina Bergant, International Monetary Fund
1:50 pm
Break
2:00 pm

Mussa Puzzle Redux

Oleg Itskhoki, Harvard University and NBER
Dmitry Mukhin, London School of Economics

Discussant:
Stephanie Schmitt-Grohé, Columbia University and NBER
2:50 pm
Break
3:00 pm

The PPP View of Multihorizon Currency Risk Premiums

Mikhail Chernov, University of California, Los Angeles and NBER
Drew D. Creal, University of Illinois

Discussant:
Magnus Dahlquist, Stockholm School of Economics
3:50 pm
Break
4:00 pm

FX Trading and the Exchange Rate Disconnect Puzzle

Martin Evans, Georgetown University

Discussant:
Vincent Bogousslavsky, Boston College
4:50 pm
Adjourn
Format: 20 min presentation/15 min discussion/15 min audience
Friday, November 8
8:30 am

Are Intermediary Constraints Priced? (slides)

Wenxin Du, Harvard University and NBER
Benjamin M. Hébert, Stanford University and NBER
Amy Wang Huber, University of Pennsylvania

Discussant:
Stavros Panageas, University of California, Los Angeles and NBER