THURSDAY , NOVEMBER 10:
6:30 PM Dinner
Legals Seafood
5 Cambridge Center
Cambridge, MA 02139
FRIDAY, NOVEMBER 11:
7:45 AM Shuttle Van Departs Royal Sonesta Hotel for Harvard Business School
8:00 AM Shuttle Van Departs Royal Sonesta Hotel for Harvard Business School
8:00 AM Continental Breakfast
8:30 AM BERNARD DUMAS, INSEAD and NBER
ALEXANDER KURSHEV and RAMAN UPPAL, London Business School
What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?
Discussant: LEONID KOGAN, MIT and NBER
9:30 AM Break
9:45 AM LUBOS PASTOR and PIETRO VERONESI, University of Chicago and NBER
Technological Revolutions and Stock Prices
Discussant: MARKUS BRUNNERMEIER, Princeton University and NBER
10:45 AM JUN PAN, MIT and NBER
KENNETH SINGLETON, Stanford University and NBER
Default and Recovery Implicit in the Term Structure of Sovereign CDS Spreads
Discussant: FRANCIS LONGSTAFF, UC, Los Angeles and NBER
11:45 AM Lunch
12:45 PM RAVI BANSAL and ED FANG, Duke University
AMIR YARON, University of Pennsylvania and NBER
Discussant: JOHN HEATON, University of Chicago and NBER
ASSET PRICINTG PROGRAM, PAGE 2:
1:45 PM Break
2:00 PM BORJA LARRAIN, Federal Reserve Bank of Boston
MOTOHIRO YOGO, University of Pennsylvania
Does Firm Value Move Too Much to be Justified By Subsequent
Changes in Cash Flow?
Discussant: MALCOLM BAKER, Harvard University and NBER
3:00 PM Session on Asset Return Predictability
JACOB BOUDOUKH, MATTHEW RICHARDSON and ROBERT WHITELAW,
New York University and NBER
The Myth of Long-Horizon Predictability
AMIT GOYAL, Emory University
IVO WELCH, Brown University and NBER
A Comprehensive Look at the Empirical Preformance of Equity
Premium Prediction
JOHN CAMPBELL, Harvard University and NBER
SAMUEL THOMPSON, Harvard University
Predicting the Equity Premium Out of Sample:
Can Anything Beat the Historical Average?
Discussant: JOHN COCHRANE, University of Chicago and NBER
4:00 PM Adjourn
10/31/05