Friday, August 19, 2011, 8:30-10:15 am; Asset Pricing Empirical
Consumption-Based Asset Pricing - B1

Session Chair: Wayne E. Ferson, University of Southern California

• Learning about Consumption Dynamics PDF
  Michael Johannes¹, Lars Lochstoer¹, Yiqun Mou²
  Columbia University¹; Bank of America Merrill Lynch ²
  • Discussant: Anisha Ghosh, Carnegie Mellon University

• Implied Risk Aversion in Lottery Bond Prices PDF
  Wolfgang Buehler, Sebastian Herzog
  University of New South Wales; University of Mannheim
  • Discussant: Paul Ehling, BI Norwegian Business School

• Observable Long-Run Ambiguity and Long-Run Risk PDF
  Maxim Ulrich
  Columbia University
  • Discussant: Andreas Stathopoulos, University of Southern California