Summer 2014 Conferences
3rd NYU Search Theory Workshop – April 12, 2014
MINYVan Conference – September 26-27, 2013
2nd NYU Economics PhD Alumni Conference – May 31 – June 1, 2013
On May 31th-June 1st 2013, NYU hosted the Second biennial Econonomics Ph.D Alumni Conference. The conference was funded by the CV Starr Center, with additional support from Brevan Howard Inc., whose CEO Jason Cummins is a former NYU faculty member. The program committee was composed by Yaw Nyarko (NYU), Alessandro Gavazza (NYU Stern), Ana Maria Santacreu (INSEAD), Ariell Reshef (Virginia), Karl Walentin (Riksbank), Michele Cavallo (FRB), and Sangeeta Pratap (CUNY).
The conference was organized after the success of the First NYU Econonomics Ph.D. Alumni Conference which was held on June 3rd-4th, 2011. A key objective of the conference is to reinforce the ties of the NYU-Econ community. The conference consisted in two days of academic talks and discussions carried by NYU Alumni, NYU Faculty and NYU Job Market Students.
The conference was kicked off by a plenary talk by Boyan Jovanovic on “Bubbles in Exhaustible Resources.” The first day of the conference included six sessions, with 19 presentations and discussions. Douglas Gale closed the academic presentations of the first day with a plenary talk on “The Future of Financial Regulation.” The conference dinner closed the first day.
The second day included eight sessions, with 27 presentations and discussions. Ricardo Lagos closed the conference with a plenary talk on “The Search-Theoretic Approach to Financial Liquidity.”
The full program of the conference, with links to all papers, is available here.
Discussion surrounding each presentation was always lively.
The conference was well attended by NYU alumni, faculty and students.
Sixty Years Since Baumol-Tobin: A Celebration – September 28–29, 2012
On September 28th-29th 2012, NYU hosted the conference “Sixty Years Since Baumol-Tobin: A Celebration.” The conference was funded by the CV Starr Center with additional support from NYU’s Stern Center for Global Economy and Business. The program committee was composed by Fernando Alvarez (Chicago), Francesco Lippi (EIEF-Rome), and Gianluca Violante (NYU).
The aim of the conference was to celebrate the 60th anniversary of the publication of William Baumol’s seminal paper “The transactions demand for cash: an inventory theoretic approach.”
The conference brought together top researchers working in macroeconomics and financial economics to demonstrate how central the Baumol-Tobin (Baumol, 1952; Tobin, 1956) insight has become in these fields. The Baumol-Tobin model illustrates costs and benefits from holding money: the liquidity benefits must be traded off against the costs deriving from (i) foregoing the return on an alternative interest-bearing alternative asset and (ii) transferring balances across the two assets.
The conference was kicked off by introductory remarks from William Baumol, a Professor at the Stern School of Business. Will could not be present at the conference, but kindly enough phoned in to welcome all participants.
The first day of the conference included three presentations. The Nobel Prize in Economics Bob Lucas (Chicago) and Juan-Pablo Nicolini (Minneapolis Fed) discussed the long-run stability of money demand in the US. Mike Dotsey (Philly Fed) presented a model where the Baumol-Tobin insight was developed within an equilibrium model with segmented asset markets. Dean Corbae (Wisconsin) studied the role of reserve requirements in a model of banking industry dynamics.
The conference dinner closed the first day.
The second day included five talks. Simona Cociuba (Western Ontario) analyzed international risk sharing in a model of segmented markets. Nikolai Russanov (Wharton) developed a model where houses, thanks to mortgage refinancing, can become a liquid asset and studied how this menchanism can help households smooth consumption. Shouyong Shi (Toronto) developed a theoretical monetary model featuring non-degenerate distributions of money holdings. Randy Wright (Wisconsin) and Victor Rios-Rull (Minnesota) presented models where money demand is driven by household composition and life-cycle considerations.
The full program of the conference, with links to all papers, is available here :
Discussion surrounding each presentation was always lively.
The conference was well attended by NYU faculty and students, as well as by over 20 outside participants.
NYU Search & Matching Workshop – April 6, 2013
The first NYU Search and Matching Conference took place at NYU on April 6th, 2013 with the financial support of the CV Starr Center. The aim of the conference was to feature frontier research on frictions in the labor market, in goods markets, and in asset markets, drawing on the extensive expertise on our faculty in the field of search and matching, and to foster interaction between our students and faculty on the one hand, and faculty and students from the neighboring institutions on the other.
The first conference was a one-day event, presentations starting at 10AM and ending at 5:30PM. It featured presentations by Giuseppe Moscarini (Yale), Greg Kaplan (Princeton), Nicola Branzoli (Wisconsin), Michael Choi (Wisconsin) and our own students Klaus Hellwig and Shengxing Zhang. The last three presentations featured papers written by PhD students, which reflected the organizers’ aim to keep the workshops relatively relaxed and informal.
The organizers (Katarina Borovickova, Boyan Jovanovic, Ricardo Lagos, Edouard Schaal and Gianluca Violante of FAS Economics, and Alessandro Gavazza of Stern) were very happy with the presentations and attendance. The papers were of high quality, our own student participation was high, and about ten outsiders came from as far away as Albany and Pittsburgh, even though they were not on the program. Discussion was lively, and participants – including students – seemed comfortable with asking questions, offering comments and taking part in the discussion.
The second NYU-CVStarr Search and Matching conference will be held on October 5, 2013. is now scheduled, and we have already secured the participation of Randall Wright of Wisconsin University, a renowned authority on the subject. Other papers will be chosen in August.
2012 International Economic Science Association Conference, New York
The C.V. Starr Center supported the 2012 International Economic Science Association Conference, held at June 21-24 2012 at New York University. The International Meeting of the ESA brings together economists, as well as psychologists, sociologists, neuroscientists and accountants interested in the use of experimental methods, to address questions of economic relevance. The NYU edition of the conference will be the biggest ESA conference so far with over 400 participants. The keynote speakers, Chuck Manski and Dean Karlan are invited to talk about the the use of laboratory experimental methods in new applications, namely surveys and field experiments. The general presentations involve research on a variety of topics going from Game Theory, IO, Finance, PE, Labor to Conflict and Identity, Neuroeconomics and Risk and Ambiguity.