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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC SI 2013 Asset Pricing Torben Andersen and Ravi Jagannathan Organizers July 11 and 12, 2013 Royal Sonesta Hotel 40 Edwin H Land Blvd Cambridge, MA PROGRAM
Thursday, July 11:
8:00 am	Coffee and Pastries
8:30 am	Adrian Buss, INSEAD Bernard Dumas, INSEAD and NBER Financial-Market Equilibrium with Friction
	Discussant: Dimitri Vayanos, London School of Economics
9:30 am	A.Craig Burnside, Duke University and NBER Jeremy J. Graveline, University of Minnesota Exchange Rate Determination, Risk Sharing and the Asset Market View
	Discussant: Ian Martin, Stanford University and NBER
10:30 am	Break
11:00 am	Tobias Adrian, Federal Reserve Bank of New York and NBER Richard K. Crump, Federal Reserve Bank of New York Emanuel Moench Federal Reserve Bank of New York Efficient, Regression Based Estimation of Dynamic Asset Pricing Models
	Discussant: Wayne Ferson, University of Southern California and NBER
12:00 n	Joseph Gerakos, University of Chicago Juhani T. Linnainmaa, University of Chicago and NBER Confounded Factors
	Discussant: Kent Daniel, Columbia University
1:00 pm	Lunch
2:00 pm	Bryan Kelly, University of Chicago and NBER Hanno Lustig, University of California at Los Angeles and NBER Stijn Van Nieuwerburgh, New York University and NBER Firm Volatility in Granular Networks
	Discussant: Allan Timmermann, University of California at San Diego
3:00 pm	Pasquale Della Corte, Imperial College Tarun Ramadorai, Oxford University Lucio Sarno, City University of London Volatility Risk Premia and Exchange Rate Predictability
	Discussant: Stefan Nagel, Stanford University and NBER
4:00 pm	Break
4:30 pm	Laura X. Liu, Hong Kong University of Science and Technology Lu Zhang, Ohio State University and NBER A Model of Momentum
	Discussant: Toby Moskowitz, University of Chicago and NBER
5:30 pm	Adjourn
7:00 pm	Group Dinner - Hotel Marlowe, Serrano Ballroom (across the street from the Royal Sonesta Hotel)
Friday, July 12:
8:00 am	Coffee and Pastries
8:30 am	Andrea Ajello, Federal Reserve Board Luca Benzoni, Federal Reserve Bank of Chicago Olena Chyruk Federal Reserve Bank of Chicago Core and `Crust': Consumer Prices and the Term Structure of Interest Rates
	Discussant: Andrew Ang, Columbia University and NBER
9:30 am	Robert Ready, University of Rochester Nikolai Roussanov, University of Pennsylvania and NBER Colin Ward, University of Pennsylvania Commodity Trade and the Carry Trade: A Tale of Two Countries
	Discussant: Gurdip Bakshi, University of Maryland
10:30 am	Break
11:00 am	Emmanuel Farhi, Harvard University and NBER Samuel P. Fraiberger, New York University Xavier Gabaix, New York University and NBER Romain Ranciere, International Monetary Fund Adrien Verdelhan, Massachusetts Institute of Technology and NBER Crash Risk in Currency Markets
	Discussant: Scott Joslin, University of Southern California
12:00 n	Sang Byung Seo, University of Pennsylvania Jessica W. Wachter, University of Pennsylvania and NBER Option prices in a model with stochastic disaster risk
	Discussant: Viktor Todorov, Northwestern University
1:00 pm	Lunch
2:00 pm	Rui Albuguerque, Boston University Martin Eichenbaum, Northwestern University and NBER Sergio Rebelo, Northwestern University and NBER Valuation Risk and Asset Pricing
	Discussant: Ravi Bansal, Duke University and NBER
3:00 pm	Break
3:30 pm	Nicholas Barberis, Yale University and NBER Robin Greenwood, Harvard University and NBER Lawrence Jin, Yale University Andrei Shleifer, Harvard University and NBER X-CAPM: An Extrapolative Capital Asset Pricing Model
	Discussant: Markus Brunnermeier, Princeton University and NBER
4:30 pm	Adjourn