The Salomon Center 2025 Martin J. Gruber Five-Star Conference on Research in Finance
This annual conference brings together finance researchers from five leading northeastern universities. We invite colleagues at all schools in the northeast, and others interested in current finance research, to a day of research presentations in finance. Faculty from each of the program participant schools present one of the papers on the program.
Date:
Friday, November 21, 2025
Location:
NYU Stern School of Business
Kaufman Management Center
44 West 4th Street
New York, NY 10012
Organizers: Yakov Amihud, Kose John and Anthony Lynch, New York University
Founding Organizers: Yakov Amihud and Kose John
Conference Advisory Committee:
Nick Barberis, Yale University
Markus Brunnermeier, Princeton University
David Musto, University of Pennsylvania
Michael Roberts, University of Pennsylvania
Tano Santos, Columbia University
Heather Tookes, Yale University
Laura Veldkamp, Columbia University
Wei Xiong, Princeton University
Registration:
To register for the conference and reserve your luncheon ticket, RSVP using this form.
Agenda
9:00am Registration & Breakfast
9:30am Introduction: Dean Bharat Anand, Stern School, New York University
9:45am Chair: Robert Whitelaw, NYU-Stern
"The dynamics of deposit flightiness and its impact on financial stability"
Kristian Blickle, Federal Reserve Bank of New York
Jian Li, Columbia University
Xu Lu, University of Washington
Yiming Ma, Columbia University
Discussant: Wei Xiong, Princeton University
10:45am Refreshment Break
11:00am Chair: Paul Fontanier, Yale University
"Machine learning and the implementable efficient frontier"
Theis Ingerslev Jensen, Yale University
Bryan Kelly, Yale University
Semyon Malamud, École Polytechnique Fédérale de Lausanne
Lasse Heje Pedersen, Copenhagen Business School
Discussant: Winston Dou, University of Pennsylvania
12:00pm Refreshment Break
12:15pm Chair: Laura Veldkamp, Columbia University
Xavier Gabaix, Harvard University
Ralph S.J. Koijen, University of Chicago
Robert J. Richmond, New York University
Motohiro Yogo, Princeton University
Discussant: Sangmin Simon Oh, Columbia University
1:15pm Lunch
Keynote speaker: Sheridan Titman, Walter W. McAllister Centennial Chair in Financial Services, University of Texas at Austin
"The Industrial Policy of Cities"
Introduction: Martin J. Gruber, New York University
2:15pm Chair: Wei Xiong, Princeton University
"Heterogenous impact of the global financial cycle"
Aleksei Oskolkov, Princeton University
Discussant: Christopher Clayton, Yale University
3:15pm Refreshment Break
3:30pm Chair: TBD
"Interest-rate risk and household portfolios"
Sylvain Catherine, University of Pennsylvania
Max Miller, Harvard University
James D. Paron, Stanford University
Natasha Sarin, Yale University
Discussant: Alan Moreira, New York Univestiy
4:30pm Reception