BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//132.216.98.100//NONSGML kigkonsult.se iCalcreator 2.20.4//
BEGIN:VEVENT
UID:20250512T123837EDT-8630DEJve2@132.216.98.100
DTSTAMP:20250512T163837Z
DESCRIPTION:Piotr Orłowski\n\nHEC Montréal \n\nSDF Bounds\n\nDate: Friday\,
  February 14\, 2025\n	Time: 10:30 AM - 11:45 AM\n	Location: Armstrong buildi
 ng\, Room 245\n\nAll are cordially invited to attend.\n\n\nAbstract\n\nThi
 s paper develops a framework for testing asset-pricing models by deriving 
 restrictions on the (marginal and joint) distributions of stochastic disco
 unt factors (SDFs). The framework takes an arbitrary set of empirical or t
 heoretical restrictions—such as observable returns and Euler equations—as 
 primitives and yields necessary conditions on the joint distribution of SD
 Fs that must hold for the model to align with the specified restrictions. 
 Applying our results to international asset-pricing models\, we show that 
 observed asset prices impose non-trivial constraints on the comovement of 
 SDFs across countries.\n
DTSTART:20250214T153000Z
DTEND:20250214T164500Z
LOCATION:Room 245\, Donald E. Armstrong Building\, CA\, QC\, Montreal\, H3A
  3L1\, 3420 rue McTavish
SUMMARY:Finance Area Seminar: Piotr Orłowski
URL:/desautels/channels/event/finance-area-seminar-pio
 tr-orlowski-363557
END:VEVENT
END:VCALENDAR