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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Asset Pricing Program Meeting

Nicolae B. Garleanu and Martin Lettau, Organizers

November 20-21, 2014

Stanford Graduate School of Business
Obendorf Event Center, North Building 3^rd Floor
Stanford University
655 Knight Way
Stanford, CA 94305

PROGRAM

Thursday, November 20
12:45 pm		Lunch
2:00 pm		Rhys Bidder, Federal Reserve Bank of San Francisco Ian Dew-Becker, Northwestern University Long-Run Risk is the Worst-Case Scenario Discussant: Stavros Panageas, University of Chicago and NBER
3:00 pm		Break
3:15 pm		Marianne Andries, Toulouse School of Economics Thomas M. Eisenbach, Federal Reserve Bank of New York Martin C. Schmalz, University of Michigan Asset Pricing with Horizon-Dependent Risk Aversion Discussant: Martin Schneider, Stanford University and NBER
4:15 pm		Break
4:30 pm		Dongho Song, Boston College Bond Market Exposures to Macroeconomic and Monetary Policy Risks Discussant: Stijn Van Nieuwerburgh, New York University and NBER
5:30 pm		Adjourn
6:00 pm		Dinner MacArthur Park Restaurant 27 University Avenue Palo Alto, CA
Friday, November 21
7:00 am	Shuttle service from the Sheraton Palo Alto Hotel to the Stanford-GSB
7:30 am	Breakfast
8:00 am	Itamar Drechsler, New York University and NBER Qingyi F. Drechsler, WRDS The Shorting Premium and Asset Pricing Anomalies Discussant: Stefan Nagel, University of Michigan and NBER
9::00 am	Christopher L. Culp, Johns Hopkins Institute for Applied Economics Yoshio Nozawa, Federal Reserve Board Pietro Veronesi, University of Chicago and NBER The Empirical Merton Model Discussant: Darrell Duffie, Stanford University and NBER
10:00 am	Break
10:15 am	Alan Moreira, Yale University Alexi Savov, New York University and NBER The Macroeconomics of Shadow Banking Discussant: Arvind Krishnamurthy, Stanford University and NBER
11:15 am	Adjourn
11:15 am	Charter Service Departs from Stanford-GSB to the SFO Airport

11/10/14