The Seventh Conference and Sixth Ross Prize Award

MIT's Endicott House, 80 Haven Street, Dedham, MA 02026

October 18, 2019
6:00-7:30 Reception (Gun Room)
7:30 Dinner (Living Room)
October 19, 2019
7:30 - 8:30 Breakfast
7:30 Breakfast Buffet in Dining Room for those staying at Endicott
8:00 Continental Breakfast in BC Lobby for other conference participants
8:30-10:00 SESSION 1: Ross Prize Lecture
Chair: Rajnish Mehra, Arizona State University
Climate Change Risk
Ravi Bansal, Duke University (with Dana Kiku and Marcelo Ochoa)
Uncertainty, Asset Pricing, and the Macroeconomy
Amir Yaron, Bank of Israel and University of Pennsylvania
10:00-10:30 Break
10:30-12:30 SESSION 2: Preferences and Uncertainty
Chair: Albert “Pete” Kyle, University of Maryland
Macroeconomic Uncertainty Prices when Beliefs are Tenuous
Lars Hansen, University of Chicago (with Thomas Sargent)
Discussant: Stanley Zin, NYU
The Cross-Section of Household Preferences
John Campbell, Harvard University (with Laurent Calvet, Francisco Gomes, and Paolo Sodini)
Discussant: Nikolai Roussanov, University of Pennsylvania
12:00-1:30 Lunch (Living Room)
1:30-3:15 SESSION 3: Long Run Growth, Economic Fundamentals, and Asset Prices
Chair: Scott Richard, The Richard Funds LP
Consumption in Asset Returns
Svetlana Bryzgalova, LBS, and Christian Julliard, LSE
Discussant: Jessica Wachter, University of Pennsylvania
The Origins and Effects of Macroeconomic Uncertainty
Howard Kung, LBS (with Francesco Bianchi and Mikhail Tirskikh)
Discussant: Francois Gourio, Federal Reserve Bank of Chicago
Asset Prices and Wealth Inequality
Matthieu Gomez, Columbia University
Discussant: Dimitris Papanikolaou, Northwestern University
3:15-3:35 Break
3:35-4:50 Panel Discussion: Climate Change (Background papers in parenthesis)
Christian Gollier, Toulouse School of Economics
     (The Cost-efficiency Carbon Pricing Puzzle)
Lars Hansen, University of Chicago
     (Pricing Uncertainty Induced by Climate Change)
Robert Litterman, Kepos Capital (and moderator)
     (Applying Asset Pricing Theory to Calibrate the Price of Climate Risk)
Robert Pindyck, MIT
     (Climate Change Policy: What Do the Models Tell Us?)
4:50-5:00 Break
5:00-6:00 FARFE annual members meeting
6:00-7:30 Reception (Gun Room)
7:30 Dinner (Living Room)