Dinner Table Alphas

Sean Cao¹, Huaizhi Chen², Lauren Cohen³, Tianchen {Hugo} Zhao¹

1: University of Maryland; 2: University of Texas at Dallas; 3: Harvard Business School

Risky for Me, Safe for Thee: How Parents Invest for Themselves vs. Their Children

Fatima Zahra Filali Adib¹, Dmitry Chebotarev², Akash Raja¹

1: Copenhagen Business School; 2: Indiana University Kelley School of Business

Navigating through fear and greed: The Experience-driven disposition effect

Tai Lo Yeung², Rong Liu³, Jessica Wachter¹, Michael Kahana¹, Yongjie Zhang³

1: University of Pennsylvania; 2: USI Lugano; 3: Tianjin University

A Bound on Price Impact and Disagreement

Philippe van der Beck¹, Lorenzo Bretscher², Fu Julie Zhyiu³

1: Harvard Business School; 2: University of Lausanne, Swiss Finance Institute; 3: University of Washington in St. Louis

Attention Allocation and Fund Flows: Evidence from Institutional Investors

Zhi Da¹, Thanh Huynh²

1: University of Notre Dame; 2: Monash University, Australia

Partisan Corporate Speech

William Cassidy¹, Elisabeth Kempf²

1: Washington University in St. Louis; 2: Harvard Business School

Innovation Policy and Inventors’ Productivity: Evidence from Global AI Initiatives

Leo Liu¹, Fariborz Moshirian², Vikram Nanda³, Sheng Xu²

1: University of Technology Sydney, UTS Business School, Sydney, Australia; 2: University of New South Wales, UNSW Business School, Sydney, Australia; 3: University of Texas at Dallas, Naveen Jindal School of Business, Richardson, USA

Fiscal Redistribution Risk in Treasury Markets

Roberto Gomez Cram¹, Howard Kung¹, Hanno Lustig², David Zeke³

1: London business school; 2: Stanford University, United States; 3: Federal Reserve Board

Partisan Fed

Andrea Pagliuca

London Business School

Optimal Immigration and Long-Run Growth

Andrew Abel^1,3, Stavros Panageas^2,3

1: Wharton School, University of Pennsylvania; 2: Anderson School, UCLA; 3: NBER

Cap and Trade with Imperfect Hedging

Johan Hombert¹, Bruno Biais¹, Daniel Schmidt¹, Pierre-Olivier Weill²

1: HEC Paris; 2: UCLA

Bailout Expectations, Default Risk and the Dynamics of Bank Credit Spreads

Luigi Falasconi

University of Pennsylvania

Resolving the Zero-Beta Rate Puzzle

Rong Wang

Duke University

Fiscal Imbalances and Asset Returns: Cross-Sector Economic Fluctuations under the Aggregate Budget Constraint

Junxiong Gao², Alberto Plazzi¹, Rossen Valkanov³, Yan Xu⁴

1: Universita' della Svizzera italiana and SFI; 2: Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University; 3: Rady School of Management, University of California San Diego; 4: Hong Kong University

The Implied Equity Term Structure

Tomas Jankauskas², Lieven Baele¹, Joost Driessen¹

1: Tilburg University; 2: Federal Reserve New York

Fundamental Volatility

Xiaoyan Zhang¹, Tong Yao², Hsianghung Tien²

1: PBC School of Finance, Tsinghua University; 2: University of Iowa, United States of America

Limits To (Machine) Learning

Zhimin Chen¹, Bryan Kelly², Semyon Malamud³

1: Nanyang Technological University; 2: AQR Capital Management, Yale School of Management, and NBER; 3: Swiss Finance Institute, EPFL, and CEPR

On the Moments of the Stochastic Discount Factor

Ian Martin¹, Ran Shi²

1: London School of Economics; 2: University of Colorado Boulder