The 33rd CEPR/Study Center Gerzensee European Summer Symposium in Financial Markets (ESSFM) will take place in Gerzensee from 21-25 July 2025 and is dedicated to Asset Pricing. The symposium is organised by Lukas Schmid (University of Southern California and CEPR) and Lorenzo Bretscher (University of Lausanne and CEPR).
The meeting will include daily seminars in the morning, in which participants present their work, as well as less formal evening seminars scheduled at the beginning of the Symposium. A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research.
In addition, two mornings will be devoted to 'focus sessions', each of which concentrates on some recent developments in asset pricing.
To foster the desired interaction, we ask participants to spend one working week at the Symposium. Committing to attend for only two or three days is not fair to the speakers, to all those who spared the time to attend, and especially to the many researchers whose applications were turned down.
A number of places at the symposium are specifically reserved for younger European scholars (based in Europe or overseas), who are especially encouraged to apply. Senior researchers are therefore requested to pass this information on to junior colleagues working in finance and related fields.
Funding
Food and accommodation (checking in on Sunday and out on Friday or Saturday morning only) are provided free of charge to participants thanks to the generosity of the Study Center Gerzensee. Please note that additional nights are at the participants' own expense and that no meals (except for breakfast) are provided over the middle weekend. Space is allocated first to academic participants, but subject to the availability of rooms, spouses/partners can be accommodated at a charge to cover costs. There is only limited accommodation available for children, and this will be allocated on a first-come, first-served basis.
There is limited travel funding available, but we encourage participants to use their own grants to cover such costs. Please indicate in your reply whether you will be able to cover your own travel costs, or whether you will require funding from CEPR (if there are insufficient funds to cover all travel expenses, we will attach priority to funding junior participants). If you are allocated travel funding, this will be covered according to CEPR travel guidelines.
