Asset Pricing Program Meeting

Jules H. van Binsbergen and Dimitris Papanikolaou, Organizers

April 12, 2024

Format: 20 minutes for authors, 20 minutes for discussants, 20 minutes for Q&A

Friday, April 12

Continental Breakfast

10:00 am

Michael Barnett, Arizona State University
William Brock, University of Wisconsin - Madison
Lars P. Hansen, University of Chicago and NBER
Hong Zhang, Argonne National Laboratory

How Should Climate Change Uncertainty Impact Social Valuation and Policy

Discussant:

Stavros Panageas, University of California, Los Angeles and NBER

Break

11:15 am

Panel
Politics and Financial Markets
Chair: Lubos Pastor, University of Chicago and NBER
John Cochrane, Stanford University and NBER
Harrison Hong, Columbia University and NBER
Elisabeth Kempf, Harvard University and NBER

Lunch - Room 621

1:30 pm

Massimo Dello Preite, Imperial College London
Raman Uppal, EDHEC Business School
Paolo Zaffaroni, Imperial College London
Irina Zviadadze, HEC Paris

Cross-Sectional Asset Pricing with Unsystematic Risk

Discussant:

Nicolae B. Gârleanu, Washington University in St Louis and NBER

Break

2:45 pm

Viral V. Acharya, New York University and NBER
Toomas Laarits, New York University

When do Treasuries Earn the Convenience Yield? --- A Hedging Perspective

Discussant:

Arvind Krishnamurthy, Stanford University and NBER

Break

4:00 pm

Stefan Nagel, University of Chicago and NBER
Zhengyang Xu, City University of Hong Kong

Movements in Yields, not the Equity Premium: Bernanke-Kuttner Redux

Discussant:

Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

Adjourn

Reception and Dinner at the Gleacher Center, Room 621