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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2015 Asset Pricing

Dimitris Papanikolaou and Konstantin Milbradt, Organizers

July 9-10, 2015

Ballroom A
Royal Sonesta Hotel
40 Edwin H. Land Blvd.
Cambridge, MA

PROGRAM

Thursday, July 09
8:30 am	Coffee and pastries
8:30 am	Itamar Drechsler, New York University and NBER Alexi Savov, New York University and NBER Philipp Schnabl, New York University and NBER The Deposits Channel of Monetary Policy Discussant: Daniel Paravisini, London School of Economics
9:30 am	Hengjie Ai, University of Minnesota Kai Li, Hong Kong University of Science and Technology Fang Yang, Louisiana State University Financial Intermediation and Capital Reallocation Discussant: Pablo Kurlat, Stanford University and NBER
10:30 am	Break
11:00 am	Benjamin Golez, University of Notre Dame Peter Koudijs, Stanford University and NBER Four Centuries of Return Predictability Discussant: John Y. Campbell, Harvard University and NBER
12:00 noon	Lunch
1:00 pm	Alexandre Corhay, University of British Columbia Howard Kung, London Business School Lukas D. Schmid, Duke University Competition, Markups and Predictable Returns Discussant: Erik Loualiche, Massachusetts Institute of Technology
2:00 pm	Bryan T. Kelly, University of Chicago and NBER Lubos Pastor, University of Chicago and NBER Pietro Veronesi, University of Chicago and NBER The Price of Political Uncertainty: Theory and Evidence from the Option Market Discussant: Ian Dew-Becker, Northwestern University
3:00 pm	Break
3:20 pm	Marianne Andries, Toulouse School of Economics Valentin Haddad, Princeton University and NBER Information Aversion Discussant: Stavros Panageas, University of Chicago and NBER
4:20 pm	Adjourn
6:30 pm	Group Dinner - Hotel Marlowe, Serrano Ballroom (across the street from the Royal Sonesta Hotel)
Friday, July 10
8:00 am	Coffee and pastries
8:30 am	Robert Novy-Marx, University of Rochester and NBER Fundamentally, Momentum is Fundamental Momentum Discussant: Jonathan Lewellen, Dartmouth College and NBER
9:30 am	Serhiy Kozak, University of Michigan Ross School of Business Stefan Nagel, University of Michigan and NBER Shrihari Santosh, University of Maryland Interpreting Factor Models Discussant: Stijn Van Nieuwerburgh, New York University and NBER
10:30 am	Break
11:00 am	George M. Constantinides, University of Chicago and NBER Anisha Ghosh, Carnegie Mellon University Asset Pricing with Countercyclical Household Consumption Risk Discussant: Hanno Lustig, University of California at Los Angeles and NBER
12:00 noon	Lunch
1:00 pm	Jaroslav Borovička, New York University Lars P. Hansen, University of Chicago and NBER Jose A. Scheinkman, Columbia University and NBER Misspecified Recovery Discussant: David Backus, New York University and NBER
2:00 pm	Break
2:30 pm	Ulf Axelson, London School of Economics Igor Makarov, London School of Economics Informational Black Holes in Auctions Discussant: Andrey Malenko, Massachusetts Institute of Technology
3:30 pm	Darrell Duffie, Stanford University and NBER Piotr Dworczak, Stanford University, GSB Haoxiang Zhu, Massachusetts Institute of Technology and NBER Benchmarks in Search Markets Discussant: Brett Green, University of California at Berkeley
4:30 pm	Adjourn