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
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