Conference on Asset Demand Systems

Thursday, May 14, 2026

TimeTitleAuthorsDiscussant
11:00 – 11:30 AMWelcome remarks. Why a conference on asset demand systems?Liran Einav, Ralph Koijen, Motohiro Yogo
11:30 AM – 12:30 PMA Bound on Price Impact and DisagreementPhilippe van der Beck, Lorenzo Bretscher, Julie Zhiyu FuVivek Bhattacharya
12:30 – 1:30 PMLunch
1:30 – 2:30 PMThe Origins of the Factor Zoo: Investors Weakly Substitute Across StocksAditya Chaudhry, Carter DavisChris Conlon
2:30 – 2:45 PMBreak
2:45 – 3:45 PMEstimating Demand Systems with Bidding DataJason Allen, Jakub Kastl, Milena WittwerManav Chaudhary
3:45 – 4:00 PMBreak
4:00 – 5:00 PMCausal Inference for Asset PricingValentin Haddad, Zhiguo He, Paul Huebner, Péter Kondor, Erik LoualicheSteven Berry
5:30 – 8:00 PMCocktails & DinnerProspect House

Friday, May 15, 2026

TimeTitleAuthorsDiscussant
8:00 – 8:30 AMBreakfast
8:30 – 9:30 AMGranular Treasury Demand with ArbitrageursKristy Jansen, Wenhao Li, Lukas SchmidDaniel Graves
9:30 – 9:45 AMBreak
9:45 – 10:45 AMWhat Do $40 Trillion of Portfolio Holdings Say about Monetary Policy Transmission?Chuck Fang, Kairong XiaoAlan Moreira
10:45 – 11:00 AMBreak
11:00 AM – 12:00 PMFinancial Regulation and AI: A Faustian Bargain?Christopher Clayton, Antonio CoppolaRob Richmond
12:00 – 1:00 PMLunch
1:00 – 2:00 PMAsset Elasticities and Currency Risk TransferCarol Bertaut, Ester Faia, Sebnem Kalemli-Ozcan, Camilo Marchesini, Simon Paetzold, Martin SchmitzFederico Mainardi
2:00 – 2:15 PMBreak
2:15 – 3:15 PMDemand Propagation Through Traded Risk FactorsYu An, Amy HuberTony Zhang