Faculty News

An interview with Prof. Paul Romer on charter cities in Honduras

Fast Co.Exist logo
Excerpt from Fastcoexist.com -- "NYU economist Paul Romer, the originator of the idea of Charter Cities, is working with the Honduran government to help make sure the project there is a success."
Faculty News

Vice Chair of NYU Trustees & Vice Chair of the Board of Overseers Kenneth Langone is featured

CNBC logo
Excerpt from CNBC -- "Let me tell you, I'm a bull. I think America's greatest days are ahead of them. Any way you want to mention them. We have tough decisions to make. we're going to have to make them. I think this election coming up is going to create definition one way or the other." Additional coverage appeared in Capital.gr, The Washington Post, Bloomberg
Faculty News

Prof. Edward Altman is featured for developing the Z-score

Excerpt from Interactive Investor -- "Dr Edward Altman, an American academic, devised the Z-score during the 1960s, although his original work has since been updated. Altman believes that the Z-score will signal 70-80% of bankruptcies of publicly listed companies - before they happen."
Faculty News

An interview with Prof. Paul Wachtel on the Greek Government

Marketplace Logo
Excerpt from Marketplace Radio -- "Responsibility is in the hands of the Greek government to bring reforms to the economy. The willingness of the European community to support Greek debt depends upon those reforms taking place, and all of that is a big question mark."
Faculty News

An interview with Prof. Nicholas Economides on the Greek government

CNBC logo
Excerpt from CNBC -- "I think most likely there is going to be a short government before elections. He will participate in that government. He is going to endorse the treaty, but at the same time, the actual implementation law for the treaty will not be ratified before a new government comes up." Additional coverage appeared on CBC, SETimes.com, Southern Daily Press, Tech Policy blog, Bloomberg TV, The Huffingotn Post, Ilsussuduario, Kathimerini, Bing.com and Trends.
Faculty News

In an op-ed, Prof. Lawrence White questions restricting ratings on European governments' bonds

The New York Times Logo
Excerpt from The New York Times -- "Europeans have decided to continue their reliance on ratings for financial regulation – but apparently not when those ratings are unfavorable."
Faculty News

An interview with Prof. Scott Galloway on Groupon's IPO

Excerpt from Bloomberg TV -- "The question here is, is this Amazon, where its losses are funding some sort of sustainable advantage, like what Amazon did with convenience and incredible distribution facilities that were kind of expensive at the time or is this Pets.com where it's funding growth that's not sustainable? And we would probably argue that it's the latter."
Faculty News

Prof. Thomas Cooley on the quirks in the US monthly employment report

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "'If someone works half-time at Starbucks and half-time at McDonald's, it counts twice,' says Thomas Cooley, a professor at New York University's Stern School of Business who has spent time studying the jobs data."
Faculty News

Prof. Thomas Sargent is highlighted for winning the 2011 Nobel Prize in Economics

CNBC logo
Excerpt from CNBC -- "Thomas Sargent and Christopher Sims, Harvard classmates, were just awarded the 2011 Noble prize for Economic Sciences. Selected for their real-world science of modeling, the laureates are extolled for explaining the impact the global markets have on domestic economies."  Additional coverage appeared on a Reuters blog.
Faculty News

Prof. Sharon Badal is cited for her position with the Tribeca Film Festival

Excerpt from Indie Wire -- "When I first got [to Tribeca Film], there were three of us, including Keith, and Sharon Badal who now heads shorts programming."
Faculty News

An op-ed by Prof. Daniel Altman on the Greek debt crisis

BigThink logo
Excerpt from BigThink -- "Greece has brought most of its problems on itself. Its people have a history of evading taxes, and its government fudged the books for many years. But Greece isn’t the only country to blame." Additional coverage appeared in BigThink
Faculty News

Prof. Amity Shlaes is cited as the chairman of the International Policy Network

Excerpt from Future of Capitalism -- "Amity Shlaes, the chairman of the International Policy Network, which awards the prizes, began the awards dinner by noting that Frederic Bastiat (1801-1850) did not hide his religiosity."
Faculty News

Research by Nobel Laureate Prof. Michael Spence on US job trends is cited

Excerpt from ThinkProgress -- "[Spence] divided employment into two sectors. One sector is called tradable jobs – jobs where you make stuff like airplanes, cars, food and electronics that can be shipped and sold around the world. The second sector is called non-tradable jobs, which are jobs that can’t be traded, like real estate, hotel and restaurant workers, health care professionals and government jobs." Additional coverage appeared in Wellington Advertiser
Faculty News

Prof. Nouriel Roubini's book, "Crisis Economics," is highlighted

Seeking Alpha logo
Excerpt from Seeking Alpha -- "Nouriel Roubini, in 'Crisis Economics: A Crash Course in the Future of Finance' (highly recommended), does an excellent job of detailing the full extent of the bailouts which far exceeded previous monetary efforts with some interesting and innovative strategies that likely avoided another depression."
Faculty News

Prof. Nouriel Roubini is cited for his outlook on China's real estate market

Forbes logo
Excerpt from Forbes -- "For the last few months, everyone from Nouriel Roubini to news reports from CNN have been asking when China’s development bubble will burst. At the heart of the hard landing call is China’s real estate market, its lenders, and the developers who probably overbuilt." Additional coverage appeared in Forbes
Faculty News

Prof. Sheila Wellington offers women career advice

Excerpt from Financial Times Women at the Top blog -- “There will be an assumption that a woman can’t accept that promotion or can’t move because she’s got kids in school. So [the company] offers the job to Jim instead of Jane. I really worry about this. Particularly now because we need all the brains we can get."
Faculty News

Prof. Edward Altman on the distressed debt sector

Financial Times logo
Excerpt from Financial Times -- “These funds don’t pick at the carcasses of companies that have died, but try to bring them back to life."  Additional coverage appeared on VCCircle.com.
Faculty News

Prof. Lasse Pedersen's paper, showing value & momentum create positive asset returns, is highlighted

Excerpt from Bloomberg -- "In a recent paper, Clifford Asness, Lasse Pedersen and I showed that applying value (using long-term five-year return performance of the asset class) and momentum (using performance over the past year) to assets as diverse as government bonds, equity index futures, commodities and currencies produces strikingly similar results to those for individual stocks."
School News

Vice Chair of NYU Trustees & Vice Chair of the Board of Overseers Kenneth Langone on Simpson-Bowles

MSNBC logo
Excerpt from MSNBC -- "What happened with Simpson-Bowles? There was a perfect one; that was a home run! And they could all say, ‘look, here’s two bipartisan guys knowledgeable on the situation, no ax to grind, no re-election, none of that.’ And guess what? Nothing happened."
Faculty News

Prof. Vicki Morwitz's research on comparison-driven self-evaluation and restoration is cited

Scientific American logo
Excerpt from Scientific American blog -- "A study recently published online in 'The Journal of Consumer Research' found marketing from the bottom up works in some but not all cases. Vicki Morwitz of New York University, and Edith Shalev of the Technicon Israel Institute of Technology acknowledged in their article the existence of a new form of social influence process called Comparison-Driven Self Evaluation and Restoration."
Faculty News

Prof. Jonathan Haidt's research on libertarians is cited

BigThink logo
Excerpt from BigThink -- "According to Jonathan Haidt and his colleagues, their patterns of moral sentiment and judgment make libertarians look a lot like liberals who care a great deal about liberty and not very much for suffering."
Faculty News

An op-ed by Prof. Amity Shlaes on targeting nominal gross-domestic-product growth

Excerpt from Bloomberg -- "In short, the big vulnerability of NGDP targeting is that it’s a license to inflate. It will inevitably undermine the Fed’s mandate to maintain price stability." Additional coverage in Bloomberg Newsweek, National Post, The New York Times Economix Blog, National Review
Faculty News

Prof. Aswath Damodaran's book, "Investment Fables," is cited

Excerpt from Motley Fool -- "For a company to be truly undervalued, Damodaran says in his book 'Investment Fables': 'You need to get a mismatch: a low price-to-earnings ratio without the stigma of high risk or poor growth.'"
Faculty News

Prof. Nouriel Roubini is cited for his views on the European economic crisis

The New York Times Logo
Excerpt from The New York Times -- " ... many prominent voices have argued for more than a year that it is impossible for Greece to regain competitiveness while clinging to the euro currency. They include prominent economists like Nouriel Roubini ..." Additional coverage appeared in CNBC, The Huffington Post, Wall Street Journal Blog, Estadao, AFP, Financial Times Blog, Economist Blog, Forbes
Faculty News

Executive Board Member and Prof. Richard Bernstein on investment strategy

Excerpt from Bloomberg -- "Whether the U.S. economy falls into a recession or expands more slowly matters little when it comes to stock-market strategy, according to Richard Bernstein, chief executive officer of Richard Bernstein Advisors LLC." Additional coverage appeared on Bloomberg, The New York Times, NewsMax.com and Bloomberg Businessweek.