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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Asset Pricing Program Meeting

Arvind Krishnamurthy and Annette Vissing-Jorgensen, Organizers

April 29, 2011

University of Chicago
Gleacher Center, Booth School of Business (Downtown Chicago)
Room 100
450 North Cityfront Plaza Drive
Chicago, IL

PROGRAM

Friday, April 29, 2011
8:00 am	Continental Breakfast
8:30 am	Anna Cieslak, Northwestern University Pavol Povala, University of Lugano Understanding Bond Risk Premia Discussant: Kenneth Singleton, Stanford University and NBER
9:30 am	Break
9:45 am	Matthias Fleckenstein, UC, Los Angeles Francis A. Longstaff, and Hanno Lustig, UC, Los Angeles Why Does the Treasury Issue TIPS? The TIPS-Treasury Bond Puzzle Discussant: Luis Viceira, Harvard University and NBER
10:40 am	Michael Johannes, Lars Lochstoer, Yiqun Mou, Columbia University Learning About Consumption Dynamics Discussant: Lubos Pastor, University of Chicago and NBER
10:45 am	Break
12:00 pm	Lunch- Lounge 450
1:15 pm	Xing Hu, Princeton University Jun Pan and Jiang Wang, MIT and NBER Noise as Information for Illiquidity Discussant: Darrell Duffie, Stanford University and NBER
2:15 pm	Break
2:30 pm	Jack Favilukis, London School of Economics Sydney C. Ludvigson, New York University and NBER Stijn Van Nieuwerburgh, New York University The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium Discussant: Stavros Panageas, University of Chicago and NBER
3:30 pm	Break
3:45 pm	Harrison Hong, Princeton University and NBER David Sraer, Princeton University Quiet Bubbles Discussant: Itay Goldstein, University and Pennsylvania
4:45 pm	Adjourn
6:00 pm	Joint Reception and Dinner University of Chicago Gleacher Center, Room 621 450 North Cityfront Plaza Drive Chicago, IL
4/25/11