NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2000
Asset Pricing
John Cochrane, Organizer
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 18-21, 2000
PRELIMINARY PROGRAM
TUESDAY, JULY 18:
12:00 N Lunch
1:00 PM MARTIN LETTAU and SYDNEY LUDVIGSON,
Federal Reserve Bank of New York
Consumption, Aggregate Wealth and Expected Stock Returns
Discussant: MICHAEL COOPER, Purdue University
2:00 PM Break
2:15 PM WAYNE FERSON, University of Washington and NBER
SERGEI SARKISSIAN, McGill University
TIMOTHY SIMIN, University of Washington
Spurious Regressions in Financial Economics?
Discussant: FRANK DIEBOLD, New York University and NBER
3:15 PM Adjourn
WEDNESDAY, JULY 19:
12:00 N Lunch
1:00 PM JONATHAN LEWELLEN, MIT
Momentum Profits and the Autocorrelation of Returns
Discussant: MATTHEW RICHARDSON,
New York University and NBER
2:00 PM Break
SI00 AP Program
Page two
2:15 PM TANO SANTOS and PIETRO VERONESI, University of Chicago
Labor Income and Predictable Stock Returns
Discussant: MARTIN LETTAU, Federal Reserve Bank of New York
3:15 PM Adjourn
6:00 PM Group Dinner
Harvard Faculty Club
20 Quincy St.
Cambridge, MA
THURSDAY, JULY 20:
12:00 N Lunch
1:00 PM GEERT BEKAERT and ROBERT HODRICK,
Columbia University and NBER
Discussant: FREDERICO BANDI, University of Chicago
2:00 PM Break
2:15 PM AMIR YARON, University of Pennsylvania and NBER
RAVI BANSAL, Duke University
Risks for the Long Run: A Resolution of Asset Pricing Puzzles
Discussant: JOHN HEATON, University of Chicago and NBER
3:15 PM Adjourn
FRIDAY, JULY 21:
8:30 AM Coffee and Doughnuts
9:00 AM RANDOLPH COHEN, Harvard University
CHRISTOPHER POLK KELLOGG, Northwestern University
TUOMO VUOLTEENAHO, University of Chicago
Discussant: MARIA VASSALOU, Columbia University
10:00 AM Break
SI00 AP Program
Page three
10:15 AM LUBOS PASTOR, University of Chicago
ROBERT STAMBAUGH, University of Pennsylvania and NBER
Evaluating and Investing in Equity Mutual Funds
Discussant: WAYNE FERSON, University of Washington and NBER
11:15 AM Adjourn
5/8/00