Sixty Years Since Baumol-Tobin: A Celebration
On September 28th & 29th The C.V. Starr Center for Applied Economics and the Stern Center for Global Economy and Business hosted a conference at Stern to celebrate the 60th anniversary of the publication of William Baumol's seminal paper "The transactions demand for cash: an inventory theoretic approach".
Agenda:- Welcoming Remards: Dean Peter Henry, Stern School of Business
- Introductory Remarks: Boyan Jovanovic and William Baumol
- Robert E. Lucas and Juan-Pablo Nicolini
On the Stability of Money Demand - Michael Dotsey and Pablo Guerron-Quintana
Capital Requirements in a Quantitative Model of Banking Industry Dynamics - Dean Corbae and Pablo D'Erasmo
Capital Requirements in a Quantitative Model of Banking Industry Dynamics - Simon Cociuba and Ananth Ramanarayanan
International Risk Sharing with Endogenously Segmented Asset Markets - Hui Chen and Michael Michaux
Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty - Guido Menzio and Shouyong Shi and Hongfei Sun
A Monetary Theory with Non-Degenerate Distributions - Kenneth Burdett, Mei Dong, Ling Sung, and Randall Wright
Marriage, Markets and Money: A Coasian Theory of Household Formation - Shutao Cao, Cesaire Meh, Jose-Victor Rios-Rull, and Yaz Terajima
Inflation, Demand for Liquidity, and Welfare
Baumol-Tobin Conference photos courtesy of Alex Herring, Fireside LLC