Organized by
The Institute for International Economic Policy
and
The International Monetary Fund Institute
This will be an all day conference
Keynote speaker: Prof. George Akerlof (UC-Berkeley and IMF)
Thursday, May 26, 2011
Elliott School of International Affairs
City View Room 7th Floor
1957 E Street NW
Washington, DC 20052
8:15 a.m.-8:45 a.m. Breakfast
8:45 a.m.-9:00 a.m. Opening Remarks IIEP Director Stephen C. Smith and IMF Institute Deputy Director Eric Clifton
9:00 a.m.-10:30 a.m. Session 1
Prof. William Goetzmann (Yale University): “The First Stock Market Bubble (and Crash!)”
Prof. Robert Stambaugh (University of Pennsylvania): “The Short of It: Investor Sentiment and Anomalies”
10:30 a.m.-10:50 a.m. Coffee Break
10:50 a.m.-12:20 p.m. Session 2
Prof. Avanidhar Subrahmanyam (UCLA): “Funding Constraints and Market Efficiency”
Prof. Russ Wermers (University of Maryland): “Seasonal Asset Allocation: Evidence from Mutual Fund Flows”
12:20 p.m.-1:30 p.m. Lunch Break
1:30 p.m.-3:00 p.m. Session 3
Prof. Robert Bloomfield (Cornell University): “The Synthetic Economy Research Environment (SERE): A Platform for Experiments in Policy and Practice”
Prof. Bill Zame (UCLA): “Ambiguity and Asset Pricing: Learning from the Knowledge of Others” – Paper 1 and Paper 2
3:00 p.m.-3:20 p.m. Coffee Break
3:20 p.m.-4:50 p.m. Session 4
Prof. Valery Polkovnichenko (University of Texas at Dallas): “Probability Weighting Functions Implied in Options Prices”
Prof. Jeffrey Wurgler (NYU): “Dividends as Reference Points: A Behavioral Signaling Model”
4:50 p.m.-5:00 p.m. Coffee Break
5:00 p.m.-6:00 p.m. Keynote Address and Open Floor Discussion:
Prof. George Akerlof (UC-Berkeley and IMF): “Blind Faith: Misplaced Trust and Economic Crisis”
Organizing Commmittee:
Marco Cipriani, International Monetary Fund
Ana Fostel, George Washington University
Jorge Roldos, International Monetary Fund
Anna Scherbina, UC Davis and International Monetary Fund
Stephen C. Smith, George Washington University
