what are those asset pricers going to write then?
Asset pricing is a dead field
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I think this is true, at least for junior people. Some senior people may be able to publish but it's really hard for juniors to publish AP papers. Naturally, less and less people will do AP and the the field will shrink and become dead.
what are those asset pricers going to write then?
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Well, that's not true
https://sites.google.com/site/macrofinancesociety/current-membersThese are finance PhDs who are interested in macro, not macro bros interested in finance (for the most part).
Hansen, Singleton, Cochrane all work in b-schools.
So I revise my statement: b-school economists.