Asset Pricing Program Meeting

Kent D. Daniel and Robert J. Hodrick, Organizers

November 6, 2015

Stanford University

Conference Code of Conduct

Friday, November 6
8:30 am
David Backus, New York University
Nina Boyarchenko, Federal Reserve Bank of New York
Mikhail Chernov, University of California, Los Angeles and NBER

Term Structures of Asset Prices and Returns
9:45 am
Michael Weber, Purdue University and NBER

The Term Structure of Equity Returns: Risk or Mispricing?
11:00 am
Dong Lou, London School of Economics and Political Science (LSE)
Christopher Polk, London School of Economics and Political Science (LSE)
Spyros Skouras, Athens University of Economics and Business

A Tug of War: Overnight Versus Intraday Expected Returns
1:15 pm
Zhiguo He, Stanford University and NBER
Bryan T. Kelly, Yale University and NBER
Asaf Manela, Washington University in St. Louis

Intermediary Asset Pricing: New Evidence from Many Asset Classes
2:30 pm
Ian Dew-Becker, Federal Reserve Bank of Chicago
Stefano Giglio, Yale University and NBER
Anh T. Le, University of North Carolina at Chapel Hill
Marius Rodriguez, Federal Reserve Board of Governors

The Price of Variance Risk
3:45 pm
Nicolae B. Gârleanu, Washington University in St. Louis and NBER
Lasse H. Pedersen, Copenhagen Business School

Efficiently Inefficient Markets for Assets and Asset Management