Faculty News

Prof. Paul Romer's charter cities concept is applied to Honduras

Excerpt from The Economist -- "The Honduran regions are modelled on a concept called 'charter cities' developed by Paul Romer, an economics professor at New York University. The principle is simple: take a piece of uninhabited land big enough for a city of several million, govern it by well-tried rules and let those who like the idea move there."
Faculty News

Prof. Amity Shlaes on the Great Depression and her book, "The Forgotten Man"

Excerpt from The Economist -- "Amity Shlaes, an economic historian, argues that 'government intervention helped make the Depression Great.'" Additional coverage appeared in Crain's New York Business and PBS Newshour.
Faculty News

Prof. Nicholas Economides on the ECB's liquidity crisis

Huffington Post logo
Excerpt from The Huffington Post -- "To actually resolve the liquidity crisis, Economides said, either the ECB would need to ramp up its purchase of government bonds, or the European Financial Stability Facility and the European Stability Mechanism -- two bailout funds -- would have to be expanded to contain enough money to be capable of bailing out both Italy and Spain and still have some money left over."
School News

Prof. Nouriel Roubini & Robert Saviano discussed Italy and the financial crisis at NYU Stern on 12/8

Vanity Fair logo
Excerpt from Vanity Fair Italy -- "As often happens, the most interesting topics come with questions. The same happened last night at NYU's Stern School of Business at the meeting with Roberto Saviano and the American economist Nouriel Roubini (Italian to English translation)." Additional coverage appeared in Corriere della Sera, Quotidiano, ANSA, La Repubblica, Dario del Web, Lettera43, Net1News, and InfoOggi.
School News

Assistant Dean Erin O'Brien on the TRIUM Global Executive MBA program

Times of India logo
Excerpt from Times of India -- "Erin O'Brien, assistant dean, TRIUM Global Executive MBA Program and NYU Stern Global Programs, points out that the program integrates international economic, political and social policy into the business curriculum."
Faculty News

Research Scholar Robert Frank's views on how to reduce US unemployment are highlighted

Excerpt from Media Matters for America -- " ... there are other ways to attack unemployment that could garner bipartisan support. Perhaps the most promising is a payroll tax holiday." Additional coverage appeared in New America Foundation, New York Times blog, and Phillyburbs.com.
Faculty News

Prof. Vicki Morwitz on Apple's new Grand Central Terminal store

Excerpt from ItaliaOggi -- "This means that they included 'individuals usually considered as the target of Apple, for example, creative people who work in advertising agencies as well as business executives,' Vicki Morwitz told ItaliaOggi (Italian to English translation)."
Faculty News

Prof. Daniel Altman's research on unemployment insurance is referenced

U.S. News and World Report logo
Excerpt from US News & World Report -- "Fiscal experts Martin Feldstein and Daniel Altman found that the 'most thoroughly researched effect of the existing UI system on unemployment is the increase in the duration of the unemployment spells.'"
Press Releases

NYU's Sargent to Receive Nobel Prize in Economics on Dec. 10

New York University Economics Professor Thomas Sargent, the 2011 Nobel Laureate in Economics, will be awarded the prize on Saturday, December 10 during a ceremony in Stockholm. The event, which begins at 10:30 a.m. EST, may be viewed live at: http://www.nobelprize.org/.
Business and Policy Leader Events

Author Roberto Saviano & Professor Nouriel Roubini Examine the Crisis in Italy & the US

Author and journalist Roberto Saviano and Professor Nouriel Roubini sat down with Ruth Ben-Ghiat, chair of NYU’s Department of Italian Studies, to share their perspectives on the financial crisis, criminal activities and money laundering, and how they undermine trust in the global financial system. Presented by NYU’s Department of Italian Studies, Casa Italiana Zerilli-Marimò and the Global and Joint Program Studies at the Arthur L. Carter Journalism Institute, and hosted at NYU Stern, the event drew some 400 students, faculty, press and members of the community to campus.
Faculty News

Prof. Lawrence White on endorsing Rutledge & Raynes as a credit ratings agency

Excerpt from International Herald Tribune -- ‘‘Customers may be happy to employ R&R, and pay some fees, but a public vouching may be more than the customer wants to do."  Additional coverage appeared on a New York Times blog.
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the prospects for the European Union

Excerpt from Bloomberg TV -- "I think this is one of the many two-scenario situations where we could get a sufficient commitment from the European Union and the eurozone to prevent Italy from spiraling out of control even with a credible reform program or we could get some kind of deadlock in the process as they try to figure out what a fiscal union would look like and then I think most of us would probably want to take cover." Additional coverage appeared in Yahoo! Finance and Bloomberg Radio.
School News

Vice Chair of NYU Trustees & Chair of the Board of Overseers William R. Berkley is featured

Excerpt from Insurance News Net -- "William R. Berkley, chairman and chief executive officer of W. R. Berkley Corp., said smart insurance companies should be making strong moves to position themselves as the market continues to show signs of hardening."
School News

NYU Stern students are highlighted for their participation in America Reads

Excerpt from The Villager -- "America Reads and Counts tutors come from almost every college at N.Y.U. About one-third of the tutors are enrolled in the Steinhardt School; one-third in the College and Graduate School of Arts and Science; and the remaining tutors are enrolled in the Tisch School of the Arts, Wagner School of Public Service, Stern School of Business, Silver School of Social Work, the Gallatin School for Individualized Study and the Liberal Studies Program."
Faculty News

Prof. Hal Hershfield's research on retirement savings is featuredE

Excerpt from About.com -- "An assistant professor of Marketing at New York University's Stern School of Business, Hershfield found young people were more motivated to save for retirement when they saw older versions of themselves in a virtual world."
Faculty News

Prof. David Poltrack on the impact of DVR playback on late night TV

Excerpt from TV Guide -- "But the biggest change impacting late night is DVR playback, according to CBS research chief David Poltrack. Poltrack says DVR usage at 11:30 p.m. would collectively rate a 3.0 in adults 18-49, nearly doubling what Leno and Letterman rate combined."
Faculty News

Executive Board Member & Prof. Richard Bernstein on the global economic conditions

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Excerpt from Council on Foreign Relations -- "Experts analyze the current economic conditions around the world and discuss potential threats in 2012." Additional coverage appeared in Xinhua.
Faculty News

Prof. David Yermack's research on how Michelle Obama's fashion choices affect stock prices is cited

Huffington Post logo
Excerpt from The Huffington Post -- "'The stock price gains of the companies whose clothes she wore in public appearances are cumulative abnormal returns. That is, the returns cannot be attributed to normal market variations. The stock price gains persist days after the outfit is worn and in some cases even trend slightly higher three weeks later,' [Yermack] told Harvard Business Review."
Faculty News

Prof. Nouriel Roubini is cited as a contributor to "The Occupy Handbook"

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Excerpt from New York Observer -- "Little, Brown also just signed an Occupy anthology, "The Occupy Handbook," edited by Janet Byrne and including contributions from Paul Krugman and Robin Wells, Michael Lewis, Robert Reich, Nouriel Roubini, Robert Shiller, Barbara Ehrenreich, and Bethany McLean, among others."
Faculty News

Prof. Amity Shlaes on the GOP presidential candidates

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Excerpt from Marketplace Radio -- "This year the GOP is fielding plenty of new candidates. John Huntsman and Mitt Romney have not represented a state in Washington. But Newt Gingrich is gaining popularity. Newt is not new."
Faculty News

Prof. Roy Smith on Jon Corzine and MF Global's collapse

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Excerpt from Marketplace -- "He'd been out of the game for 10 years. And this is a very difficult game to leave for such a long time. Very hard to just go away for 10 years and come back and assume everything is the same."
Faculty News

Prof. Stephen Brown's research on hedge fund portfolio disclosure is cited

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Stephen Brown, a finance professor at New York University, says his research shows other investors don't lose out when investors like Mr. Buffett hide their stakes from the public. 'There's no way to make money' with a 'copycat' portfolio, he says."
Faculty News

Prof. Jonathan Haidt is featured for his research on morality

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Excerpt from Scientific American blog -- "Meet Jonathan Haidt, a professor ... who studies morality and emotion. If social psychology was a sport, Haidt would be a Phil Mickelson or Rodger Federer – likable, fun to watch and one of the best."
Faculty News

Prof. Nouriel Roubini on the outlook for global financial markets

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Excerpt from WNYC -- "A deep recession likely will lead to another financial panic that could spread around the world — an outcome that will be 'very painful,' [Roubini] said." Additional coverage appeared in NPR and The Huffington Post.
Faculty News

In an op-ed, Research Scholar Robert Frank proposes a progressive tax on household consumption

Excerpt from Slate -- "A progressive consumption tax may be our only politically realistic hope for ending the downturn quickly and limiting the growth in consumption inequality that has made life so much more difficult for the 99 percent." Additional coverage appeared on a Washington Post blog, Boston Review, Slate blog and Princeton University Press.