Asset Pricing.

• Position: Program and Working Group Meetings

Members of the NBER's Asset Pricing Program met at Stanford on November 10. Research Associates Leonid Kogan and Jun Pan of MIT organized the meeting. These researchers' papers were presented and discussed:

* Michael Gofman, University of Rochester; Gill Segal, University of North Carolina at Chapel Hill; and Youchang Wu, University of Oregon, "Production Networks and Stock Returns: The Role of Creative Destruction"

* Ricardo J Caballero and Alp Simsek, MIT and NBER, "A Risk-centric Model of Demand Recessions and Macroprudential Policy" (NBER Working Paper No. 23614)

* Azi Ben-Rephael, Indiana University; Bruce I. Carlin, University of California, Los Angeles and NBER; Zhi Da, University of Notre Dame; and Ryan D. Israelsen, Michigan State University, "Demand for Information and Asset Pricing" (NBER Working Paper No. 23274)

* Antonio Falato, Federal Reserve Board; Ali...