BIGFI/Finance Seminar with Ravi Bansal, Duke University

On Friday, April 28, Ravi Bansal, Duke University, will be giving a seminar on the paper: Identifying preference for early resolution from asset prices

Friday, April 28, 2023 - 11:00 to 12:15

The Department of Finance is proud to announce the upcoming seminar withÌýRavi Bansal, Duke University.

Ravi BansalÌýwill present:ÌýIdentifying preference for early resolution from asset prices

ABSTRACT: This paper develops an asset market based test for preference for the timing of resolution of uncertainty. Our main theorem provides a characterization of preference for early resolution of uncertainty in terms of the risk premium of assets realized during the period when the informativeness of macroeconomic announcements is resolved. Empirically, we find support for preference for early resolution of uncertainty based on evidence on the dynamics of the implied volatility of S&P 500 index options before FOMC announcements.

Location:
Solbjerg Plads 3
2000 Frederiksberg
¸é´Ç´Ç³¾:ÌýSPs07

Ìý

The page was last edited by: Department of Finance // 01/25/2024