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	NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
	SI 2016 Asset Pricing
	Sydney C. Ludvigson, and Stijn Van Nieuwerburgh, Organizers
	July 14-15, 2016
	Royal Sonesta Hotel Ballroom A 40 Edwin H. Land Blvd. Cambridge, MA
	PROGRAM
Thursday, July 14
	8:00 am	Coffee and pastries
		Morning session joint with Macro, Money and Financial Frictions
	8:30 am	Gabriel Chodorow-Reich, Harvard University and NBER Andra C. Ghent, University of Wisconsin - Madison Valentin Haddad, Princeton University and NBER Asset Insulators Discussant: Ralph Koijen, London Business School
	9:30 am	François Gourio, Federal Reserve Bank of Chicago Phuong Ngo, Cleveland State University Risk Premia at the ZLB: a Macroeconomic Interpretation Discussant: Jordi Galí, CREI and NBER
	10:30 am	Break
	11:00 am	Jennie Bai, Georgetown University Reena Aggarwal, Georgetown University Luc Laeven, European Central Bank The Role of the Government Bond Lending Market in Collateral Transformation Discussant: Gary B. Gorton, Yale University and NBER
12:00 n		Lunch
1:00 pm		Anmol P. Bhandari, University of Minnesota Hengjie Ai, University of Minnesota Asset Pricing with Endogenously Uninsurable Tail Risk Discussant: Hanno Lustig, Stanford University and NBER
2:00 pm		Roberto Marfe, Collegio Carlo Alberto
		Labor Rigidity and the Dynamics of the Value Premium
		Discussant: Martin Lettau, University of California at Berkley and NBER
3:00 pm		Break
3:15 pm		J. Anthony Cookson, University of Colorado Marina Niessner, Yale University Why Don’t We Agree? Evidence from a Social Network of Investors Discussant: Johannes Stroebel, New York University and NBER
4:15 pm		Adjourn
6:00 pm		Group Dinner – Hotel Marlowe (Serrano BC)
Friday, July 15
8:00 am		Coffee and Pastries
8:30 am		Jules H. van Binsbergen, University of Pennsylvania and NBER Christian C. Opp, University of Pennsylvania Real Anomalies: Are Financial Markets a Sideshow? Discussant: Toby Moskowitz, Yale University and NBER
9:30 am		David W. Berger, Northwestern University and NBER Ian Dew-Becker, Northwestern University and NBER Stefano Giglio, University of Chicago and NBER Contractionary Volatility or Volatile Contractions? Discussant: Amir Yaron, University of Pennsylvania and NBER
10:30 am		Break
11:00 am		Aaron Hedlund, University of Missouri Carlos Garriga, Federal Reserve Bank of St. Louis Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession Discussant: Monika Piazzesi, Stanford University and NBER
12:00 n		Lunch
1:00 pm		Ayan Bhattacharya, Cornell University Maureen O'Hara, Cornell University Can ETFs Increase Market Fragility? Effect of Information Linkages in ETF Markets Discussant: Anna Pavlova, London Business School
2:00 pm		Break
2:30 pm		Mikhail Chernov, University of California at Los Angeles Lukas Schmid, Duke University Andres M. Schneider, University of California at Los Angeles A Macrofinance View of US Sovereign CDS Premiums Discussant: Riccardo Colacito, University of North Carolina
3:30 pm		Erik Loualiche, Massachusetts Institute of Technology Jean-Noel Barrot, Massachusetts Institute of Technology Julien Sauvagnat, Bocconi University The Globalization Risk Premium Discussant: Matteo Maggiori, Harvard University and NBER
4:30 pm		Adjourn