The Asset Pricing programme brings together researchers interested in all areas of asset pricing and related strands of research.
CEPR has a long history of promoting research in financial economics. The Financial Economics programme has recently split in two; Asset Pricing (AP) and Banking and Corporate Finance (BCF), to provide more targeted conferences and interactions. Â
The key areas covered by the Asset Pricing programme are:-Â
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Capital markets, macro-finance, international finance, portfolio choice and individual investor decisions
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Asset management, information, and liquidity in asset markets
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Asset market frictions
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Limits to arbitrage and behavioural finance
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Machine learning and AI in asset markets
While aiming to maintain the two strands of Financial Economics separate to the extent possible, CEPR recognises that some researchers are active in areas relevant for AP and BCF programmes. For this reason, Fellows and Affiliates in the AP programme will also receive calls for papers and other communications by the BCF programme, for a time.
Annual Symposia
AP Symposium
The new AP Symposium will take place annually in Paris. The Symposium is similar in spirit to the NBER Summer Institute, and it promotes high-quality research and facilitates interactions between Fellows and Affiliates in the AP Programme and researchers worldwide. Please keep an eye out for the first call for papers.Â
ESSFM – Asset Pricing WeekÂ
Fellows and Affiliates in the AP programme will meet annually at the European Summer Symposium in Financial Markets (ESSFM). Hosted by the Studienzentrum Gerzensee since 1991, ESSFM includes daily seminars in which participants present their work, as well as less formal seminars scheduled at the beginning of the Symposium. ESSFM is held over two weeks, one of which concentrates on asset pricing.Â
A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research. In addition, every Symposium features 'focus sessions', concentrating on the latest developments at the frontier within a specific area of research.Â
Programme Directors
Research Fellows
Anne-Laure Delatte
RPN Member, European Economic PolicyMarcin Kacperczyk
RPN Member, European Financial ArchitectureMatti Keloharju
RPN Steering Committee, Household FinanceMatteo Maggiori
Fellow, International Macroeconomics and FinanceKaveh Majlesi
RPN Member, Household FinanceMichaela Pagel
RPN Member, Household FinanceLoriana Pelizzon
RPN Member, European Financial ArchitectureHélène Rey
Fellow, International Macroeconomics and FinanceHyun Song Shin
RPN Member, Central Bank CommunicationDimitri Vayanos
RPN Member, European Economic PolicyPast events
CEPR Paris Symposium 2023
- Central Bank Communication
- Climate Change
- Competition Policy
- European Economic Policy
- European Financial Architecture
- Fintech and Digital Currencies
- Geoeconomics
- Household Finance
- Inequality and the Role of Firms
- International Lending and Sovereign Debt
- Media Plurality
- Preventing Conflict: Policies for Peace
- Spatial Disparities and Policy
- Sustainable Finance
- Asset Pricing
- Banking and Corporate Finance
- International Macroeconomics and Finance
- International Trade and Regional Economics
- Monetary Economics and Fluctuations
- Macroeconomics and Growth
- Labour Economics
- Political Economy
- Public Economics
- Economic History
- Industrial Organization
- Organizational Economics
- Development Economics