Saturday, August 20, 2011, 10:30-12:15 pm; Asset Pricing Empirical
Bond Pricing II - B1

Session Chair: Fousseni Chabi-Yo, The Ohio State University

• Macroeconomic Uncertainty, Difference in Beliefs, and Bond Risk Premia PDF 
  Andrea Buraschi, Paul Whelan
  Imperial College London
  • Discussant: Doriana Ruffino, University of Minnesota

• The Issuer-Pay Rating Model and Rating Inflation: Evidence from Corporate Credit Ratings PDF
  Günter Strobl, Han Xia
  University of North Carolina at Chapel Hill
  • Discussant: Philip Valta, HEC- Paris

• Sovereign Risk Premia PDF
  Nicola Borri, Adrien Verdelhan
  LUISS Guido Carli; Massachusetts Institute of Technology
  • Discussant: Andrea Vedolin, London School of Economics