## 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"*](http://www.jstor.org/stable/10.2307/1882104).

**Agenda:**- Welcoming Remards: [Dean Peter Henry](http://www.stern.nyu.edu/faculty/bio/peter-henry), Stern School of Business
- Introductory Remarks: [Boyan Jovanovic](http://boyanjovanovic.com/research.html) and [William Baumol](http://www.stern.nyu.edu/faculty/bio/william-baumol)
- [Robert E. Lucas](http://economics.uchicago.edu/facstaff/lucas.shtml) and [Juan-Pablo Nicolini](http://www.minneapolisfed.org/research/economists/staff_display.cfm?id=220)
[On the Stability of Money Demand](/sites/default/files/assets/documents/con_038219.pdf)
- [Michael Dotsey](http://www.philadelphiafed.org/research-and-data/economists/dotsey/) and [Pablo Guerron-Quintana](http://www.philadelphiafed.org/research-and-data/economists/guerron/)
[Capital Requirements in a Quantitative Model of Banking Industry Dynamics](/sites/default/files/assets/documents/con_038220.pdf)
- [Dean Corbae](http://bus.wisc.edu/faculty/dean-corbae) and [Pablo D'Erasmo](http://econweb.umd.edu/~derasmo/)
[Capital Requirements in a Quantitative Model of Banking Industry Dynamics](/sites/default/files/assets/documents/con_038221.pdf)
- [Simon Cociuba](https://sites.google.com/site/simonacociuba/) and [Ananth Ramanarayanan](http://economics.uwo.ca/faculty/ramanarayanan/)
[International Risk Sharing with Endogenously Segmented Asset Markets](/sites/default/files/assets/documents/con_038222.pdf)
- [Hui Chen](http://www.mit.edu/~huichen/) and [Michael Michaux](http://www.marshall.usc.edu/faculty/directory/michaux)
[Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty](/sites/default/files/assets/documents/con_038223.pdf)
- [Guido Menzio](http://web-facstaff.sas.upenn.edu/~gmenzio/) and [Shouyong Shi](?) and [Hongfei Sun](http://econ.queensu.ca/faculty/hfsun/)
[A Monetary Theory with Non-Degenerate Distributions](/sites/default/files/assets/documents/con_038224.pdf)
- [Kenneth Burdett](http://economics.sas.upenn.edu/faculty/kenneth-burdett), [Mei Dong](http://ideas.repec.org/f/pdo208.html), [Ling Sung](http://individual.utoronto.ca/lingsun/), and [Randall Wright](http://bus.wisc.edu/faculty/randall-wright)
[Marriage, Markets and Money: A Coasian Theory of Household Formation](/sites/default/files/assets/documents/con_038225.pdf)
- [Shutao Cao](http://ca.linkedin.com/pub/shutao-cao/38/91b/525), [Cesaire Meh](http://www.bankofcanada.ca/author/cesaire-meh/), [Jose-Victor Rios-Rull](http://www.econ.umn.edu/~vr0j/), and [Yaz Terajima](http://www.bankofcanada.ca/author/yaz-terajima/)
[Inflation, Demand for Liquidity, and Welfare](/sites/default/files/assets/documents/con_038226.pdf)

**Photos:**

Baumol-Tobin Conference photos courtesy of Alex Herring, Fireside LLC