Yiran Fan Memorial Conference

2025 Yiran Fan Memorial Conference

Tuesday, May 27, 2025 - University of Chicago Booth Harper Center

8:30-9:00 a.m.: Registration (continental breakfast)
*registration is restricted to invitees*
9:00-9:05 a.m.: Welcome

9:05-10:05 am.: Presentation 1
Filippo Cavaleri: "Segmented Markets and the Pricing of the Government Debt Portfolio"
Discussant: Jaroslav Borovicka, PhD ‘12
10:05-10:15: Break (10 mins)

10:15-11:15 am.: Presentation 2
Raman Chhina: "Welfare Costs and Benefits of Deficit Financed Fiscal Policy"
Discussant: Paymon Khorrami, PhD ‘19
11:15-11:30: Break (10 mins)

Lunch
11:30-1:00 p.m.: Announcement of 2024 Yiran Fan Memorial Fellowship and 2025 Yiran Fan Memorial Prize
Featured Speaker: Mark Egan, PhD ‘15
1:00-1:15: Break (15 mins)

1:15-2:15 p.m.: Presentation 3
Joanna Harris: "Heterogeneous Impacts of Environmental Regulation"
Discussant: Simon Oh, PhD ‘24
No Break

2:15-3:15 p.m.: Presentation 4
Jessica Li: "Complementarity of Bank and Market Debt in Dynamic Debt Structure"
Discussant: Maryam Farboodi, PhD ‘14
3:15-3:30: Break (15 mins)

3:30-4:30 p.m.: Presentation 5
Bianca He: "Financing Intangibles"
Discussant: Alan Moreira, PhD ‘11
4:30-4:45: Break (15 mins)

4:45-6:00 p.m.: Student Poster Presentations & Reception

• Monica Barbosa: “What Drives New Fund Creation?”
• Thomas Bourany: “The Distributional Consequences of Climate Uncertainty”
• Nimisha Gupta: “Capital Controls, Misallocation and Risk: Cross-country Evidence from Firms’ Bond Issuance”
• Jose Quintero: “Stepping Stones or Traps? The Dynamics of Informal Employment”
• Enrico Stivella: “Loans and Human Capital: Manager Mobility in the Financial Sector and Credit Allocation”
• Judy Yue: “The Elegance of Decline: Optimal Strategies for Resolving Distressed Office Loans”

2024 Yiran Fan Memorial Conference

Thursday, April 11, 2024 - Gleacher Center

8:30-9:00 a.m.: Registration (continental breakfast)
*registration is restricted to invitees*
9:00-9:05 a.m.: Welcome

9:05-10:05 a.m.: Presentation 1
Filippo Cavaleri: A Preferred-Habitat Model with a Corporate Sector
Discussant: Aaron Pancost, PhD ’16
10:05-10:15: Break (10 mins)

10:15-11:15 a.m. : Presentation 2
Thomas Bourany: Optimal Energy Policy and the Inequality of Climate Change
Discussant: Michael Barnett, PhD ’19
11:15-11:30: Break (10 mins)

11:30-1:00 p.m..: Lunch and announcement of 2023 Yiran Fan Memorial Fellowship and 2024 Yiran Fan Memorial Prize
Featured Speaker: Alan Moreira, PhD ’11
1:00-1:15: Break (15 mins)

1:15-2:15 p.m.: Presentation 3
Joanna Harris: The Effect of Environmental Preferences on Investor Responses to ESG Disclosure
Discussant: Marina Niessner, PhD ’13
No Break

2:15-3:15 p.m.: Presentation 4
Manav Chaudhary: Corporate Bond Multipliers: Substitutes Matter
Discussant: Yoshio Nozawa, PhD ’13
3:15-3:30: Break (15 mins)

3:30-4:30 p.m.: Presentation 5
Federico Mainardi: A Demand-Based Approach to Short-Selling
Discussant: Stefano Pegoraro, PhD ’20
4:30-4:45: Break (15 mins)

4:45-6:00 p.m.: Student Poster Presentations and Catered Reception (Gleacher)

• Bianca He: Financing Intangibles
• Xiaoyang Li: Industry Shakeouts after an Innovation Breakthrough
• Edward Jee: Poverty Traps and Transfers
• Doga Akar Bilgin: VAR-ifying Predictions: Inferring Implicit Models from Published Forecasts
• Jingoo Kwon: Risk, Disagreement, and Forecast Dispersion

2023 Yiran Fan Memorial Conference

Friday, June 9, 2023 - Rubenstein Forum, Peter May Boardroom

8:30-9:00 a.m.: Registration (coffee/tea), 8th floor

9:00-9:05 a.m.: Welcome

9:05-10:05 a.m.: Presentation 1
Marco Loseto: The Structure of Investment Advisors’ Markups: Evidence from Retirement Allocations
Discussant: Adam Jorring
10:05-10:15: Break (8th floor lounge)

10:15-11:15 a.m. : Presentation 2
Valentin Haddad: What do Financial Markets Say about the Exchange Rate?
Discussant: Will Cassidy
11:15-11:30: Break (8th floor lounge)

11:30-11:45 a.m.: Lunch served and announcement of Yiran Fan Memorial Fellowship and Yiran Fan Memorial Prize recipients (Room 801)

11:45-1:00 p.m.
Featured Speaker: Jaroslav Borovicka
1:00-1:15: Break (8th floor lounge)

1:15-2:15 p.m.: Presentation 3
Simon Oh: Social Inflation
Discussant: Tarik Umar
No Break

2:15-3:15 p.m.: Presentation 4
Ehsan Azarmsa: Is Asset Demand Elasticity Set at the Household or Intermediary Level?
Discussant: Aditya Chaudhry
3:15-3:30: Break (8th floor lounge)

3:30-4:30 p.m.: Presentation 5
Zhiyu Fu: Flighty Capital Flows and the Making of Safe Currencies
Discussant: Johnathan Loudis
4:30-4:45: Break (8th floor lounge)

4:45-6:00 p.m.: Student Poster Presentations and Reception (Room 802)

• Federico Mainardi
• Jessica Li
• Manav Chaudhary
• Johanna Harris
• Ben Marrow
• Filippo Cavaleri
  

6:00 p.m.: Small group dinners (registration required)

Saturday, June 10 - Rubenstein Forum, Peter May Boardroom

9:00-10:00 a.m.: Presentation 6
Yoshio Nozawa: Duration-Based Valuation of Corporate Bonds
Discussant: Fulin Li
10:00-10:10: Break (8th floor lounge)

10:10-11:10 a.m.: Presentation 7
Aleksei Oskolkov: Heterogeneous Impact of the Global Financial Cycle
Discussant: Paymon Khorrami
11:10-11:20: Break (8th floor lounge)

11:20a.m.-12:20p.m.: Presentation 8
Douglas Xu: Bank Technology Adoption and Loan Production in the U.S. Mortgage Market
Discussant: Agustin Hurtado

12:30 p.m.: Closing, Box lunches will be available in the 8th floor lounge