Faculty News

Prof. Scott Galloway is featured for his participation in the “L2 Social: Graph Europe conference”

Excerpt from Fora.tv blog -- "'Almost one in ten minutes of media is consumed on a mobile device,' Galloway explained. 'The shift toward digital by the consumer is well ahead of the shift toward digital dollars being spent by brands themselves.'"
Faculty News

Executive Board Member and Prof. Richard Bernstein is interviewed

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Excerpt from CNBC -- "People have to remember that as messed up as things are here, we're probably the best house on a bad block, and I think people forget that. people tend to think these problems are just US problems, and I think we're learning, slowly but surely, that Europe's got very similar problems."
Faculty News

Prof. William Baumol's theory, "Cost Disease," is applied to the education sector

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Excerpt from Reuters blog -- "Baumol recognized that some sectors of the economy, like manufacturing, have rising productivity—they regularly produce more with less, which leads to higher wages and rising living standards. But other sectors, like education, have a harder time increasing productivity."
Faculty News

Prof. Sinan Aral will speak at the 3rd Workshop on Complex Networks on 3/7

Excerpt from Targeted News Service -- "Sinan Aral, New York University Stern School of Business assistant professor and Facebook scholar-in-residence, will also speak on March 7."  Additional coverage appeared on PhysOrg.com.
Faculty News

Prof. Roy Smith on shrinking US investment banks

Excerpt from News Daily -- "An admission from the head of the second-biggest U.S. investment bank that he's okay with shrinking is an extraordinary recognition of regulatory and market realities, said Roy Smith, a former Goldman Sachs partner who teaches management practice at NYU's Stern School of Business."
Faculty News

Prof. Lawrence White's research on the effects of increasing mortgage interest rates

Excerpt from Heritage.org -- "Other things being equal, an increase in the mortgage interest rate leads to a slight decrease in home prices. For example, a 25-basis-point increase in the interest rate, as discussed in an economic study by Scott Frame and Lawrence J. White, yields housing prices that are 2.25 percent lower than they would be otherwise."
Faculty News

Prof. Viral Acharya on central banks

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Excerpt from The Atlantic -- "We have seen that central banks trying to lend to undercapitalized institutions doesn't solve the problem... What they really need to do is recapitalize the entire European banking system in one fell swoop."
Faculty News

Prof. Lawrence White on the similarities between pensions and mortgage securities

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Excerpt from NPR -- "A pension represents a stream of payments that are going to stretch out into the future just the way a mortgage represents a stream of payments by the borrower back to the lender." Additional coverage appeared in Kosu.org.
Faculty News

Nobel Laureate Prof. Michael Spence is cited for heading the 2006 Commission on Growth Development

Excerpt from The Bohol Standard -- "He said that population control is not among the five solutions or ingredients found by the 2006 Commission on Growth Development, a commission headed by Nobel prize winner Michael Spence."
Faculty News

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

Excerpt from Benzinga.com -- "Accounting control fraud, as criminologists, economists, and (competent) financial regulators recognize is a 'sure thing.' See George Akerlof and Paul Romer, 'Looting: the Economic Underworld of Bankruptcy for Profit' (1993)."
Faculty News

Prof. Eric Greenleaf on Manhattan's school overcrowding

Excerpt from Downtown Express -- “If the D.O.E. refuses to acknowledge the need for more schools Downtown and doesn’t try to get those schools built, then the forecasts that say we need more schools will be wrong because people will move out.”
Faculty News

Prof. Thomas Philippon's book on the practices of French companies is highlighted

Excerpt from The Economist -- "As Thomas Philippon, a French economist, pointed out in 'Le Capitalisme d’Héritiers,' a 2007 book, too many big French companies rely on educational and governmental elites rather than promoting internally according to performance on the job."
Faculty News

Prof. Nouriel Roubini on the fate of the euro zone

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Excerpt from The Wall Street Journal -- "New York University's influential Nouriel Roubini argued that not only Greece but also Italy would have to leave—or be kicked out of—the euro zone." Additional coverage appeared in The Wall Street Journal, Financial Times, and CNBC.
Faculty News

Nobel Laureate Prof. Michael Spence on rising inequalities

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Excerpt from The New York Times -- "Michael Spence, a Nobel Prize-winning economist who shares a concern about rising inequality, told me that we’ve seen 'an evolution from one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote.'"
Research Center Events

2011 Future of TV Conference Brings Together Industry Experts

The Future of Television Conference East, hosted by Digital Media Wire in partnership with NYU Stern and the Consumer Electronics Association, convened 300 industry experts and academics to discuss the latest trends and issues in today's television and technology industries.
Faculty News

An interview with Prof. Robert Frank on his book, "The Darwin Economy"

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Excerpt from PBS NewsHour -- "A hundred years from now, if people poll professional economists, people like me, and ask, who's the founder of your discipline, most people are going to say Charles Darwin." Additional coverage appeared in The Guardian.
Faculty News

Prof. Nouriel Roubini is highlighted for his Wall Street predictions

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Excerpt from Forbes -- "Mr. Roubini’s predictions have not gotten substantially more optimistic, as he sees a long period ahead wherein the U.S. must struggle to find a new viable economic growth model. Moreover, he sees a global economic future that more resembles a zero-sum game than a cooperative model."
Faculty News

Prof. Paul Romer on investing in innovation

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Excerpt from The Atlantic -- "As Paul Romer proposed in his New Growth Theory, investing in innovation is a crucial endogenous factor - and therefore one firmly in the grasp of policymakers - that creates economic growth."
Faculty News

Nobel Laureate Prof. Robert Engle on China's five-year growth plan

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Excerpt from China Daily -- "Robert Engle, winner of the 2003 Nobel Memorial Prize in Economic Sciences, said at a recent China innovation seminar that when China is planning for the future with wonderful five-year plans, Americans are merely planning for the next election."
Faculty News

Prof. Kenneth Froewiss on the sheltered world of the trading floor

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Excerpt from Daily Mail -- "The world of investment bankers and especially the trading floor region is notoriously hermetically sealed."
Faculty News

Prof. Jonathan Haidt on the Tea Party movement

Excerpt from National Review -- "To understand the anger of the tea-party movement, just imagine how you would feel if you learned that government physicists were building a particle accelerator that might, as a side effect of its experiments, nullify the law of gravity." Additional coverage appeared in The Atlantic Wire.
Faculty News

Prof. Joseph Porac on the perceptions of elite CEOs

Excerpt from George Washington University Business School blog -- "As part of GWSB’s ongoing Dean’s Distinguished Lecture series, Joe Porac, the George Daly Professor in Business Leadership at NYU Stern School of Business, discusses how perceptions of elite CEOs change with increased recognition."