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Asset Pricing.(Bureau News)(Panel Discussion)

Publication: NBER Reporter
Publication Date: 22-JUN-04
Format: Online - approximately 1308 words
Delivery: Immediate Online Access

Article Excerpt
The NBER's Program on Asset Pricing met in Chicago on April 9. Deborah J. Lucas, NBER and Northwestern University, and Amir Yaron, NBER and The Wharton School, organized this program:

Dimitri Vayanos, NBER and MIT, "Flight to Quality, Flight to Liquidity, and the Pricing of Risk" (NBER W....

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...Working Paper No. 10327)

Discussant: Andrea Eisfeldt, Northwestern University

Anthony Lynch, NBER and New York University, and Sinan Tan, New York University, "Explaining the Magnitude of Liquidity Premia: The Roles of Return Predictability, Wealth Shocks, and State-Dependent Transaction Costs"

Discussant: John C. Heaton, NBER and University of Chicago

Xiaohong Chen, New York University, and Sydney C. Ludvigson, NBER and New York University, "Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models"

Discussant: David Chapman, Boston College

Michael Gallmeyer and Burton Hollifield, Carnegie Mellon University, "An Examination of Heterogeneous Beliefs with a Short Sale Constraint"

Discussant: George M. Constantinides, NBER and University of Chicago

John H. Cochrane, NBER and University of Chicago; and Francis A. Longstaff and Pedro Santa-Clara, NBER and University of California, Los Angeles, "Two Tree: Asset Price Dynamics Induced by Market Clearing"

Discussant: Ravi Bansal, Duke University

Xavier Gabaix, NBER and MIT; Arvind...

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