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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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