Rimini, Tuesday, July 7, 2009

Program

9:00–10.00 AM
The cyclical component of US asset returns,
by David Backus (Stern School of Business, New York University). §
Joint with Stanley Zin (Stern School of Business, New York University) and Bryan Routledge (Tepper School of Business, Carnegie Mellon)

Discussant: Fulvio Ortu (Universita’ Bocconi)

10.00–10:30 AM Coffee Break

10:30–11.30 AM
Long-Run Productivity Risk: A New Hope for Production-Based Asset Pricing?,
by Massimiliano Croce (Kenan–Flagler School, University of North Carolina).

Discussant: Stefano D’Addona (Universita’ di Roma 3)

11:30–12:45 PM
Equilibrium Credit Spreads and the Macroeconomy,
by Lukas Schmid (Fuqua School of Business – Duke University).
Joint with Joao Gomes (Wharton School, University of Pennsylvania)

12:45PM–2:30 PM Lunch Break

2:30–3:15 PM
Firm’s Cash Holdings and the Cross–Section of Equity Returns,
by Dino Palazzo (New York University and School of Management, Boston University)

3:15PM–3:45 PM Coffee Break

3:45–4:45 PM
Keynote talk by David Backus (Stern School of Business, New York University)
Disasters implied by equity index options,
Joint with Mikhail Chernov (London Business School) and Ian Martin (Stanford Business School)

The workshop dinner will be held on Monday, July 6th, at 8:00 pm.

Location: Room "Alberti 2" - Via Q. Sella 13, Rimini