NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2001
Asset Pricing Workshop
Kent Daniel and Owen Lamont, Organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 19-20, 2001
PRELIMINARY PROGRAM
WEDNESDAY, JULY 18:
6:00 PM Clambake
Harvard Faculty Club
20 Quincy St.
Cambridge, MA
THURSDAY, JULY 19:
10:30 AM Coffee and Doughnuts
11:00 AM YEUNG LEWIS CHAN, Hong Kong University of Science & Technology
LEONID KOGAN, University of Pennsylvania
Catching Up with the Joneses: Heterogeneous Preferences and the
Dynamics of Asset Prices
Discussant: JOHN HEATON, University of Chicago and NBER
12:00 AM Lunch
1:00 PM GREGORY DUFFEE, UC, Berkeley
Why Does the Slope of the Term Structure Forecast Excess Returns?
Discussant: JOHN CAMPBELL, Harvard University and NBER
2:00 PM CHARLES JONES, Columbia University
A Century of Stock Market Liquidity and Trading Costs
Discussant: DEBORAH LUCAS, Northwestern University and NBER
3:00 PM Break
SI01 AP Program
Page two
3:15 PM ALEXANDER DAVID, Federal Reserve Board
PIETRO VERONESI, University of Chicago and NBER
Inflation and Earnings Uncertainty and the Volatility of Asset Prices:
An Empirical Investigation
Discussant: MARTIN LETTAU, Federal Bank of New York
4:15 PM Adjourn
FRIDAY, JULY 20:
8:30 AM Coffee and Doughnuts
9:00 AM ADAM REED, University of Pennsylvania
Costly Short-Selling and Stock Price Adjustment to Earnings Announcements
Discussant: JEREMY STEIN, Harvard University and NBER
10:00 AM Break
10:15 AM ARVIND KRISHNAMURTHY, Northwestern University
Discussant: DARRELL DUFFIE, Stanford University and NBER
11:15 AM ELI OFEK and MATTHEW RICHARDSON, New York University
DotCom Mania: A Survey of Market Efficiency in the Internet Sector
Discussant: KENNETH FRENCH, MIT and NBER
12:15 PM Lunch
1:15 PM JOSEPH CHEN and HARRISON HONG, Stanford University
JEREMY STEIN, Harvard University and NBER
Breadth of Ownership and Stock Returns
Discussant: OWEN LAMONT, University of Chicago and NBER
2:15 PM Adjourn
6/27/01