Program
Open Conference Program, Monday August 23
8.30 Coffee
9.00-12.30 "Global Liquidity and Asset Pricing Puzzles"
Tobias Moskowitz, University of Chicago
"Crowds"
Kent Daniel, Columbia Business School
Coffee break
"Commodities Pricing and Inflation"
Harrison Hong, Princeton University
12.30-13.30 Lunch
13.30-15.30 ”Forecasting Stock Market Returns: The Sum of the Parts is
More than the Whole"
Pedro Santa-Clara, Universidade Nova de Lisboa
"Inflation Bets or Deflation Hedges? The Changing Risks of
Nominal Bonds"
Luis Viceira, Harvard University
Academic Conference Program, Tuesday August 24
(The presenting author is marked with an asterisk)
08:30 Coffee.
09:00-09:45 “Temperature, Aggregate Risk, and Expected Returns”.
Presenter: Ravi Bansal (Duke University)
Discussant: Jesper Rangvid (Copenhagen Business School)
09:45-10:30 "Testing the Efficiency of the Commercial Real Estate Market: Evidence from the 2007-2009 Financial Crisis".
Presenter: Joost Driessen* (Tilburg University)
Discussant: Chester Spatt (Carnegie Mellon)
10:30-11:00 Coffee.
11:00-11:45 “Sources of Entropy in Dynamic Representative Agent Models”.
Presenter: Mikhail Chernov (London Business School and London School of Economics)
Discussant: Christian Heyerdahl-Larsen (SIFR and London Business School)
11:45-12:30 “Short-Selling Bans around the World: Evidence from the 2007-09 Crisis”.
Presenter: Alessandro Beber (University of Amsterdam)
Discussant: Ingrid Werner (Ohio State University)
12:30-13:30 Lunch.
13:30-14:15 “The Effects of Stock Lending on Security Prices: An Experiment”.
Presenter: Tobias J. Moskowitz (University of Chicago Booth School of Business)
Discussant: Charles Jones (Columbia Business School)
14:15-14:30 Coffee.
14:30-15:15 “Stock Price Fragility”.
Presenter: David Thesmar* (HEC):
Discussant: Francesco Sangiorgi (Stockholm School of Economics)
15:15-16:00 “Improving Portfolio Selection Using Option-Implied Volatility and Skewness”.
Presenter: Raman Uppal* (London Business School)
Discussant: Pascal Maenhout (INSEAD)