The session will meet in Conference Room A in Stanford Institute for Economic Policy Research located in Landau Economics Building.

Here is the map to the building.

 

Monday, July 20, 2009

10.00 Breakfast

10.30 - 11.30 Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts presented by Emmanuel Farhi, Harvard University and co-authored with Jean Tirole, University of Toulouse.

11.30 - 11.45 Coffee

11.45 - 12.45 Trading and Valuing Toxic Assets presented by Konstantin Milbradt, Massachussetts Institute of Technology.

12.45 - 2.00 Lunchtime discussion

2.00 - 3.00 The Pricing of Investment Grade Credit Risk During the Financial Crisis presented by Jakub Jurek, Princeton University and co-authored with Joshua Coval and Erik Stafford, both Harvard Business School.

3.00 - 3.15 Coffee

3.15 - 4.15 Infrequent Portfolio Re-balancing and the Volatility of the Market Price of Risk presented by Hanno Lustig, University of California, Los Angeles and co-authored with YiLi Chien, Purdue University and Hal Cole, University of Pennsylvania.

4.15 - 4.30 Coffee

4.30 - 5.30 Trend and Cycle in Bond Premia presented by Monika Piazzesi and Martin Schneider both Stanford University.

6.00 Discussion of day's events during a BBQ served on Stanford Campus.

 

 

Tuesday, July 21, 2009

9.45 - 10.00 Breakfast

10.15 - 11.15 Sovereign Risk Premia presented by Adrien Verdelhan, Massachussetts Institute of Technology and co-authored with Nicola Borri, also Boston University.

11.15 - 11.30 Coffee

11.30 - 12.30 Ambiguity Aversion: Implications for the Uncovered Interest Parity Puzzle presented by Cosmin Ilut, Duke University.

12.30 - 1.45 Lunchtime discussion

1.45 - 2.45 The Valuation of Long-Dated Assets presented by Ian Martin, Graduate School of Business, Stanford University.

2.45 - 3.00 Coffee

3.00 - 4.00 Uncertainty, Time-Varying Fear and Asset Prices presented by Itamar Drechsler, New York University.

4.00 - 4.15 Coffee

4.15 - 5.15 Equilibrium Affine Models of the Term Structure (With an Application to Habit-Based Preferences) presented by Ken J. Singleton, Stanford University and co-authored with Anh Le, Kenan-Flagler Business School, University of North Carolina.

6.30 Discussion of day's events during a dinner served at Professors Schneider and Piazzesi house.

 

 

Wednesday, July 22, 2009

8.30 - 9.00 Breakfast

9.00 - 10.00 Organization Capital and the Cross-Section of Expected Returns presented by Dimitris Papanikolaou, Northwestern University and co-authored with Andrea Eisfeldt, Kellogg School of Management, Northwestern University.

10.00 - 10.15 Coffee

10.15 - 11.15 Labor Hiring, Investment and Stock Return Predictability in the Cross-Section presented by Frederico Belo, University of Minnesota and co-authored with Santiago Bazdresch, University of Minnesota and Xiaoji Lin, London School of Economics.

11.15 - 11.30 Coffee

11.30 - 12.30 The Demographics of Innovation and Asset Returns presented by Stavros Panageas, Booth School of Business, University of Chicago and co-authored with Nicolae Garleanu, University of California, Berkeley and Leonid Kogan, Massachussetts Institute of Technology.

12.30 - 1.45 Lunchtime discussion

1.45 - 2.45 Growth Opportunities, Investment-Specific Technology Shocks and the Cross-Section of Stock Returns presented by Leonid Kogan, Massachussetts Institute of Technology and Dimitris Papanikolaou, Northwestern University.

2.45 - 3.00 Coffee

3.00 - 4.00 Working with Epstein-Zin Preferences: Computation and Likelihood Estimation of DSGE Models with Recursive Preferences presented by Ralph Koijen, University of Chicago and co-authored with Jules van Binsbergen, Graduate School of Business, Stanford University; Jesus Fernandez-Villaverde, University of Pennsylvania and Juan Rubio-Ramirez, Duke University.

4.00 - 4.15 Coffee

4.15 - 5.15 Risk Price Dynamics presented by Lars Peter Hansen, University of Chicago.

6.30 Discussion of Workshop's events during a dinner. Restaurant to be named later.