Faculty News

Prof. Paul Romer's research on accounting fraud is cited

Excerpt from Benzinga.com -- "The economists George Akerlof and Paul Romer wrote an article about accounting control fraud entitled 'Looting: the Economic Underworld of Bankruptcy for Profit.' They concluded the article with this passage about the criminogenic environment produced by S&L deregulation in the 1980s."
Faculty News

Prof. Anthony Karydakis on consumer borrowing habits

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Excerpt from Reuters -- "Slowly but steadily, consumers are exploring more normal ways of returning to a more normal pattern when it comes to borrowing habits."
Faculty News

Research Scholar Robert Frank's views on executive pay are cited

Excerpt from Holyrood.com -- “It’s no wonder that voters’ outrage over exorbitant executive pay is mounting. After all, the government just had to bail out financial firms that paid big bonuses last year to many of the same executives who helped precipitate the current financial crisis."
Faculty News

Faculty News

An interview with Nobel Laureate Prof. Michael Spence on jobs

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Excerpt from CNN -- "Hundreds of millions of people in the developing world have entered the global labor force which is in an - an increasingly a great global economy." Additional coverage appeared in Orlando Sentinel, The Boston Globe, and Los Angeles Times.
Faculty News

Prof Jacob Jacoby and Research Scholar Robert Frank on Black Friday deals

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Excerpt from Associated Press -- "There's the notion of scarcity — when something's scarce it's more valued. And a resource that can be very scarce is time: If you don't get there in time, it's going to be gone." Additional Coverage appeared in The Wall Street Journal, TwinCities.com, PressHerald.com, The Washington Post, USA Today, Hawaii Tribune, CBC.ca, AZCentral.com, Politico.com, NBC New York, Yahoo! News, Freep.com, among other outlets.
Faculty News

Prof. Viral Acharya on bank subsidies

Excerpt from Bloomberg -- “Banks don’t give lines of credit to corporations for free ... Why should all these government guarantees and liquidity facilities be for free?”
Faculty News

Prof. Richard Sylla on a check written by Abraham Lincoln

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Excerpt from The Wall Street Journal -- "This is a classic example of one bank acquiring another bank and coming up with some old records as a result."
Faculty News

Prof. Tom Meyvis on the psychology behind Black Friday shopping

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Excerpt from Newsday -- "The bigger the line and the earlier the line forms implies that there's a good deal, said Tom Meyvis, associate professor of marketing at New York University's Stern School of Business." Additional coverage appeared in AM New York.
Faculty News

Prof. Baruch Lev shares what he is thankful for this year

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Excerpt from Barron's -- "New York University finance professor Baruch Lev admits to being thankful for 'our divided government and do-nothing Congress.' Lev adds, 'With a unified Congress, we would have stringent climate-change laws, higher taxes on millionaires and billionaires, and public-employee pension-fund bailouts.'"
Faculty News

Executive Board Member and Prof. Richard Bernstein on using acronyms

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Excerpt from The Wall Street Journal -- "Acronyms may be catchy, says Richard Bernstein, chief executive of Richard Bernstein Advisors, 'but anytime you hear one, you have to wonder what part of the story hasn't been told.'"
Faculty News

Research Scholar Robert Frank's book, "Luxury Fever," is cited

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Excerpt from Associated Press -- "Authors as varied as the economist Robert H. Frank (1999's 'Luxury Fever') and the political theorist Benjamin R. Barber (2007's 'Consumed') have ganged up on what they see as the particularly unequal and excessive American spending habits." Additional coverage appeared in The Wall Street Journal.
Faculty News

Prof. Nouriel Roubini predicts a double-dip recession if the US does not cut spending

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Excerpt from Financial Times -- "Nouriel Roubini, economics professor at New York university, points out that the failure makes a double-dip recession as soon as next year likely as it results not only in automatic cuts that begin in 2013 but also endangers other measures that were to be part of the compromise."
Faculty News

Executive Board Member and Prof. Richard Bernstein on Mitt Romney's hair

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Excerpt from CNBC -- "I'm jealous. I'd love to have this problem, you know, having people noticing my hair was a little misplaced."
School News

NYU Stern's MBA student newspaper, "The Stern Opportunity," is featured

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Excerpt from ClearAdmit.com -- "A Happy Thanksgiving to those celebrating in the U.S.! Today’s Campus Chronicles hails from New York City and The Stern Opportunity, the newspaper serving the MBA community at NYU Stern."
School News

Dean Peter Henry was interviewed for the "OnePeople" documentary project

Excerpt from Jamaica Gleaner -- "Peter B Henry, the Jamaica-born dean of New York University Stern School of Business being interviewed in New York for the 'OnePeople' documentary project by producer Justine Henzell."
School News

An excerpt from Reserve Bank of India Governor D. Subbarao's talk at NYU Stern is cited

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Excerpt from Livemint -- "It has been argued that raising interest rates will do little to bring down food prices. But here’s what Subbarao said in a speech at the Stern School of Business, New York University, in September: 'Rising incomes, especially in rural areas, have resulted in a shift in dietary habits away from cereals and toward protein-based foods.'"
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is reviewed

Excerpt from Arab News -- "One of the main ideas of the book is that individual interests expressed in free markets do not always produce outcomes that are best from the perspective of the group. This Darwinian understanding of the competition, according to the author, is currently lacking in our view of things."
Faculty News

Prof. Nouriel Roubini on the global economic crisis

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Excerpt from Yahoo! Finance -- "The contagion has now gone viral, cross Atlantic and global." Additional coverage appeared in Business Insider, Forbes, and The Wall Street Journal blog.
Faculty News

Prof. Amity Shlaes on Newt Gingrich's recent rise in the polls

Excerpt from Bloomberg -- "Whether his recent rise in the polls is lasting or not, Newt Gingrich has already shifted Campaign 2012 for the better. The feisty former speaker of the House has reminded us through his debate performances that knowledge is an important part of a president’s work." Additional coverage appeared in Brainerd Dispatch, New York Post, NewsMax.com, and Bloomberg Businessweek.
Faculty News

Prof. Edward Altman's Z-Score tool for predicting the probability of bankruptcy is featured

Excerpt from Benzinga.com -- "Dr. Altman developed the widely-used Altman Z-score, which was initially designed to estimate the probability of a firm defaulting. Recently, he has reworked his metrics to apply them toward analyzing sovereign risk."
Faculty News

An op-ed by Research Scholar Robert Frank on ending the Black Friday madness

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Excerpt from The New York Times -- "Few people actually want to shop in the wee hours, and the purchases that do occur then are presumably offset, dollar for dollar, by reduced sales during normal business hours." Additional coverage appeared in The Washington Post, Wicked Local, Forbes, Telegraph.co.uk, Business Insider, Newser.com and The New American.
Faculty News

Research Scholar Robert Frank participated in a poll on the future of the euro zone

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Excerpt from Reuters -- "Fourteen out of 20 prominent academics, former policymakers and independent thinkers polled over the last 10 days agreed the euro zone's make-up would change."
School News

TRIUM Global Executive MBA student Kalpana Sankar is featured

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Excerpt from The Economic Times -- "Sankar knew an MBA was important for her to gain management skills as her NGO increases in scope. 'I am a researcher with two doctorates but I am basically an introvert. I was skeptical about how I am going to cope with the aggressive business guys. The experience has been amazing.'"