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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Asset Pricing Program Meeting

Andrew Ang and Tano Santos, Organizers

November 4, 2011

Stanford Graduate School of Business
Knight Management Center
Gunn Building, Room-G101
655 Knight Way, Stanford, CA

PROGRAM

Friday, November 4, 2011
7:30 am-8:45 am	Shuttle Bus Service from Stanford Park Hotel to Stanford Graduate School of Business
8:00 am	Continental Breakfast
8:30 am	Lars-Alexander Kuehn, Carnegie Mellon University Lukas Schmid, Duke University Investment Based Corporate Bond Pricing Discussant: Hui Chen, MIT and NBER
9:30 am	Break
9:45 am	Dirk Hackbarth and Tim Johnson, University of Illinois, Urbana Champaign Real Options and Risk Dynamics: Implications for the Cross-Section and the Time-Series of Expected Returns Discussant: Jonathan Berk, Stanford University and NBER
10:45 am	Break
11:00 am	Gara Afonso, Federal Reserve Bank of New York Ricardo Lagos, New York University and NBER Trade Dynamics in the Market for Federal Funds Discussant: Darrell Duffie, Stanford University and NBER
12:00 pm	Lunch
1:15 pm	Tim Bollerslev, Duke University and NBER Natalia Sizova, Rice University George Tauchen, Duke University Volatility in Equilibrium: Asymmetries and Dynamic Dependencies Discussant: Itamar Drechsler, New York University
2:15 pm	Break
2:30 pm	Bryan Kelly, University of Chicago Hanno Lustig, Univesity of California, Los Angeles Stijn Van Niewerburgh, New York University and NBER Too-Systemic to Fail: What Option Markets Imply About Sector-Wide Government Guarantees Discussants: Joshua Coval, Harvard University and NBER
3:30 pm	Break
3:45 pm	Manuel Adelino, Darthmouth College Antoinette Schoar, MIT and NBER Felipe Severino, MIT Credit Supply and House Prices: Evidence From Mortgage Market Segmentation Discussants: Christopher Mayer, Columbia University and NBER
4:45 pm	Adjourn
6:00 pm	Reception and Dinner MacArthur Park Restaurant 27 University Avenue Palo Alto, CA 94301
5:00 pm-6:15 pm	Shuttle Bus Service from Stanford Graduate School of Business to MacArthur Park Restaurant
8:00 pm-9:00 pm	Shuttle bus Service from MacArthur Park Restaurant to Stanford Park Hotel
10/25/11