SI 2020 Asset Pricing

Ralph S. J. Koijen and Sydney C. Ludvigson, Organizers

July 9-10, 2020

on Zoom.us

Conference Code of Conduct

Thursday, July 9
Joint Session with MEFM
11:30 am

The U.S. Public Debt Valuation Puzzle (slides)
Discussants: Emmanuel Farhi, Harvard University
Jules H. van Binsbergen, University of Pennsylvania and NBER
12:30 pm

Monetary Policy with Opinionated Markets (slides)
Discussants: Alexi Savov, New York University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER (slides)
Money Market Stress and Banks
1:30 pm

The Market Events of Mid-September 2019 (slides)

U.S. Banks and Global Liquidity (slides)
Discussant: Darrell Duffie, Stanford University and NBER (slides)
2:25 pm
Adjourn
Friday, July 10
10:00 am

Information Transmission from the Federal Reserve to the Stock Market: Evidence from Governors’ Calendars
Discussant: Narayana R. Kocherlakota, University of Rochester and NBER (slides)
11:00 am
Break
11:05 am

Can Security Design Foster Household Risk-Taking?
Discussant: Jonathan A. Parker, Massachusetts Institute of Technology and NBER (slides)
12:05 pm
Break
12:15 pm
Panel Discussion Related to the Ongoing Covid-19 Crisis
Panel #1

Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1
Panel #2

When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed's Response (slides)
Panel #3

Inside the Mind of a Stock Market Crash
1:15 pm
Break
1:30 pm

A Q-Theory of Inequality
Discussant: Amir Sufi, University of Chicago and NBER
2:30 pm

Non-Fundamental Demand and Style Returns
Discussant: Martin Lettau, University of California, Berkeley and NBER
3:30 pm
Break
3:45 pm
Combination Session: Global Fixed Income and Currency Markets

A Quantity-Driven Theory of Term Premiums and Exchange Rates

A Preferred-Habitat Model of Term Premia and Currency Risk (slides)
Discussant: Hanno Lustig, Stanford University and NBER
4:55 pm
Adjourn