The Yiran Fan Memorial Conference
On April 11, 2024, scholars in financial economics gathered to share ongoing research in a series of alumni and student presentations as part of a commemorative event dedicated to our late colleague, Yiran Fan. Faculty announced the Yiran Fan Memorial Fellowship during the 2023 conference and presented the Yiran Fan Memorial Prize to a student awardee in 2024. Conference participants hope to continue to carry the promise of Yiran's contributions forward.
During his time at Booth, Yiran was completing a doctoral degree in Financial Economics and working as a Professional Development Fellow at the Fama-Miller Center for Research in Finance. You can find more details on the life and legacy of Yiran Fan in the Economics Department's remembrance letter and by visiting the Chicago Booth memoriam page.
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)
The Yiran Fan Memorial Prize is a fellowship established in memory of late UChicago PhD student, Yiran Fan, which includes contributions from Fan’s parents and is awarded to a student in the Joint Program in Financial Economics.
It was established to commemorate Yiran Fan's kind and generous spirit and his devotion to bringing together fellow students, young researchers, and faculty as companions in learning. The prize is award by a student selection committee based on student nominations for the graduate student who made the greatest contribution to establishing and maintaining an open and nurturing learning environment for those with interests in economic dynamics, macroeconomics, or financial economics.
Manav is a PhD student in the Joint Program in Financial Economics at the University of Chicago, Booth School of Business and Kenneth C. Griffin Department of Economics. His research focuses on asset pricing and macroeconomics.
2024 Yiran Fan Prize Awardee: Manav ChaudharyRubenstein 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)
6:00 p.m.: Small group dinners (registration required)
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