Workshops 2022

Avanidhar (Subra) Subrahmanyam (UCLA Anderson School of Management) Title: Momentum and Short-Term Reversals: Theory and Evidence Abstract: How might short-term reversals and longer-term momentum coexist within markets? To address this question, we develop a dynamic model with liquidity demands and informationprocessing...

Constantine Yannelis (University of Chicago Booth School of Business) Title: Data and Welfare in Credit Markets Abstract: We show how to measure the welfare effects arising from increased data availability. When lenders have more data on prospective borrower costs, they can charge prices that are more aligned with these...

Lira Mota (Princeton) Title: The Corporate Supply of (Quasi) Safe Assets Abstract: Investors value safety services in financial assets, such as the ability to serve as a store of value, to serve as collateral, or to meet mandatory capital and liquidity requirements. I present a model in which investors value safety...

Enrichetta Ravina (Chicago Fed) Title: Stability and Evolution in Investor Ideology Abstract: We track the temporal pattern of institutional investors’ ideologies as revealed by their proxy votes from 2005 to 2018. Despite the financial crisis, the regulatory changes on proxy voting and transformation of the asset...