Asset Prices, Wealth Inequality, and Taxation

Suleyman Basak¹, Georgy Chabakauri²

¹London Business School; ²London School of Economics, United Kingdom

Discussant: Ali Lazrak (UBC)

Economic Growth Through Diversity in Beliefs

Christian Heyerdahl-Larsen³, Philipp Illeditsch¹, Howard Kung²

¹Texas A&M University, United States of America; ²London Business School; ³BI Oslo

Discussant: Burton Hollifield (Carnegie Mellon University)

Risk Premia, Subjective Beliefs, and Bundled Monetary Shocks

Paymon Khorrami, Anna Cieslak

Duke University, United States of America

Discussant: Harjoat Bhamra (Imperial College Business School)

Does Peer-Reviewed Research Help Predict Stock Returns?

Andrew Chen¹, Alejandro Lopez Lira², Tom Zimmermann³

¹Federal Reserve Board; ²University of Florida; ³University of Cologne

Discussant: Shri Santosh (University of Maryland)

The Corporate Bond Factor Zoo

Alexander Dickerson¹, Christian Julliard², Philippe Mueller³

¹University of New South Waes, Australia; ²London School of Economics, United Kingdom; ³Universisty of Warwick, United Kingdom

Discussant: Lukas Schmid (USC Marshall School of Business)

Corporate Bond Factors: Replication Failures and a New Framework

Jens Dick-Nielsen, Peter Feldhütter, Lasse Heje Pedersen, Christian Stolborg

Copenhagen Business School, Denmark

Discussant: Chuck Fang (Drexel University)

Inflation and Treasury Convenience

Anna Cieslak¹, Wenhao Li², Carolin Pflueger³

¹Duke University; ²University of Southern California; ³University of Chicago

Discussant: Quentin Vandeweyer (University of Chicago)

The Zero-Beta Interest Rate

Sebastian Di Tella^1,4, Benjamin Hebert^1,2,4, Pablo Kurlat^3,4, Qitong Wang³

¹Stanford University, United States of America; ²UC Berkeley, United States of America; ³University of Southern California, United States of America; ⁴NBER

Discussant: Asaf Manela (Washington University in St. Louis and Reichman University)

Monetary Policy, Segmentation, and the Term Structure

Rohan Kekre², Moritz Lenel¹, Federico Mainardi²

¹Princeton; ²Chicago Booth

Discussant: Dejanir Silva (Purdue University)

Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds

Lorenzo Bretscher¹, Lukas Schmid², Tiange Ye²

¹University of Lausanne; ²University of Southern California

Discussant: Giorgio Ottonello (Nova School of Business and Economics)

Off Target: On the Underperformance of Target-Date Funds

David Brown¹, Shaun Davies²

¹University of Arizona; ²University of Colorado, Boulder

Discussant: Jinming XUE (Southern Methodist University)

Institutional Investors, Securities Lending, and Short-Selling Constraints

Taisiya Sikorskaya

London Business School, United Kingdom

Discussant: Mehrdad Samadi (Federal Reserve Board)

Responsible Consumption, Demand Elasticity, and the Green Premium

Xuhui Chen, Lorenzo Garlappi, Ali Lazrak

University of British Columbia

Discussant: Shaojun Zhang (Ohio State University)

Dynamic Trading and Asset Pricing with Time-Inconsistent Agents

Lars A. Lochstoer¹, Stig R. H. Lundeby², Zhaneta K. Tancheva²

¹UCLA Anderson School of Management; ²BI Norwegian Business School

Discussant: Ella Patelli (UBC)

Demand-System Asset Pricing: Theoretical Foundations

William Fuchs¹, Satoshi Fukuda², Daniel Neuhann¹

¹University of Texas at Austin, United States of America; ²Bocconi University

Discussant: Hengjie Ai (University of Wisconsin)

Memory and Beliefs in Financial Markets: A Machine Learning Approach

Zhongtian Chen¹, Jiyuan Huang²

¹University of Pennsylvania; ²University of Zurich; Swiss Finance Institute

Discussant: Yong Kwon (Brown University)

Crash Narratives

William Goetzmann, Dasol Kim, Robert Shiller

Yale University, United States of America

Discussant: Constantin Charles (London School of Economics)

Media Narratives and Price Informativeness

Chukwuma Dim², Francesco Sangiorgi¹, Grigory Vilkov¹

¹Frankfurt School of Finance & Management, Germany; ²George Washington University

Discussant: Katrin Goedker (Bocconi University)

The Real Effects of Export Credit Subsidies: Evidence from the U.S. EXIM Shutdown

Poorya Kabir¹, Adrien Matray², Karsten Mueller¹, Chenzi Xu²

¹National University of Singapore; ²Stanford University

Discussant: Mehran Ebrahimian (Stockholm School of Economics)

Dollar and Carry Redux

Sining Liu³, Thomas Maurer¹, Andrea Vedolin², Yaoyuan Zhang¹

¹The University of Hong Kong; ²Boston University; ³Soochow University

Discussant: Federico Gavazzoni (BI - Norwegian Business School)

Fiscal Constraints, Disaster Vulnerability, and Corporate Investment Decisions

Thorsten Martin¹, Florian Nagler², Nicola Fiore²

¹Frankfurt School; ²Bocconi

Discussant: Seung Joo Lee (University of Oxford)

Excess Volatility in Professional Stock Return Forecasts

Martijn Boons¹, Giorgio Ottonello², Rossen Valkanov³

¹Tilburg, Netherlands; ²Nova SBE, Portugal; ³UCSD, United States of America

Discussant: Paul Whelan (Chinese University of Hong Kong)

Over/Under-reaction and Judgment Noise in Expectations Formation

Junyi Liao

university of essex, United Kingdom

Discussant: Savitar Sundaresan (Imperial College)

The Subjective Risk and Return Expectations of Institutional Investors

Couts Spencer¹, Andrei Goncalves², Johnathan Loudis³

¹University of Southern California, Lusk Center of Real Estate; ²Fisher College of Business, The Ohio State University; ³Mendoza College of Business, University of Notre Dame

Discussant: Federico Bastianello (London Business School)