5650 - ESSFM 2016 Papers (AP week)

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Monday 18 July

Morning Session


08.30 - 09.30 Habits and Leverage

Pietro Veronesi (Booth School of Business, University of Chicago and CEPR)

09.30 - 10.30 The Mortgage Credit Channel of Macroeconomic Transmission  

Daniel L.  Greenwald (New York University)

11.00 - 12.00 Learning in Crowded Markets

Péter Kondor (London School of Economics and CEPR)


Tuesday 19 July

Focus session: Asset Pricing under Collateral and Margin Constraints


08.50 - 09.40 The Credit Surface and the Leverage Cycle

John Geanakoplos (Yale University)

09.40 - 10.30 Incentive constrained risk sharing, asset pricing and intermediation

Johan Hombert (HEC Paris and CEPR)
11.00 - 11.50 Margin constraints and the security market line
Petri Jylhä (Imperial College London)

Wednesday 20 July

Morning Session


08.30 - 09.30 Information Percolation, Momentum, and Reversal

Daniel Andrei (UCLA) 

09.30 - 10.30 Strategic Connections: A Cautionary Tale on Bank Opacity

Maryam Farboodi (Princeton University) 

11.00 - 12.00 Does the Ross Recovery Theorem work Empirically?

Jens Carsten Jackwerth (University of Konstanz)


Thursday 21 July

Focus session: Frictions, Government Policies and Financial Markets


08.45 - 09.40 Credit-Market Sentiment and the Business Cycle

Egon Zakrajzek (Board of Governors of the Federal Reserve System)

09.40 - 10.35 Show Me the Money: The Monetary Policy Risk Premium

Ali Ozdagli (Federal Reserve Bank of Boston)

11.05 - 12.00 Forward Guidance in the Yield Curve: Short Rates versus Bond Supply

Robin Greenwood (Harvard Business School)


Friday 22 July

Morning Session


08.30 - 09.30 Fear Trading

Fabio Trojani (Swiss Finance Institute and University of Geneva)
Savitar Sundaresan (Columbia University and Imperial College London)
Sam Hartzmark (Booth School of Business, University of Chicago)