SI 2024 Asset Pricing

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

July 11-12, 2024

Ballroom A

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

Conference Code of Conduct

Thursday, July 11
8:00 am
Coffee and Pastries
Morning joint with Macro, Money and Financial Frictions
8:30 am
Ballroom A

Asset Purchase Rules: How QE Transformed the Bond Market
Discussant: William F. Diamond, University of Wisconsin - Madison
9:30 am
Break
9:45 am
Ballroom A

Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification
Discussant: Simon Gilchrist, New York University and NBER
10:45 am
Break
11:00 am
Ballroom A

Financing Private Credit
Discussant: Greg Buchak, Stanford University and NBER
12:00 pm
Lunch
1:00 pm

AI-Powered Trading, Algorithmic Collusion, and Price Efficiency
Discussant: Laura Veldkamp, Columbia University and NBER
2:00 pm
Break
2:30 pm
Session (2 hours): Competing perspectives on the fluctuations of valuation ratios
2:30 pm

There is No Excess Volatility Puzzle
3:00 pm

Expected EPS x Trailing P/E
3:30 pm

The Return of Return Dominance: Decomposing the Cross-Section of Prices
4:00 pm

Finance without (exotic) risk
Discussant: Stefan Nagel, University of Chicago and NBER
4:30 pm
Adjourn
Friday, July 12
8:00 am
Coffee and Pastries
8:30 am

In Search of the True Greenium
Discussant: Marcin Kacperczyk, Imperial College London
9:30 am
Break
9:45 am

Elephants in Equity Markets (slides)
Discussant: Motohiro Yogo, Princeton University and NBER
10:45 am
Break
11:00 am
Lightning Round (1 hour)
11:00 am

One Factor to Bind the Cross-Section of Returns
11:20 am

Who Clears the Market when Passive Investors Trade?
11:40 am

Goal-Oriented Portfolio Management Through Transformer-Based Reinforcement Learning
12:00 pm
Lunch
1:00 pm

Tough Talk: The Fed and the Risk Premia
Discussant: Francesco Bianchi, Johns Hopkins University and NBER
2:00 pm
Break
2:15 pm

Implications of Asset Market Data for Equilibrium Models of Exchange Rates
Discussant: Ian Martin, London School of Economics and Political Science (LSE)
3:15 pm
Break
3:30 pm

Does Peer-Reviewed Research Help Predict Stock Returns? (slides)
Discussant: John Y. Campbell, Harvard University and NBER
4:30 pm
Adjourn