Experience Stern | News & Events

Excerpt from The New York Times -- "Paul Romer is a highly regarded macroeconomist who recently became chief economist at the World Bank. (It was Romer who is credited with having coined, in 2004, the famous slogan that 'a crisis is a terrible thing to waste.') Last winter he, too, issued a lacerating critique of his field, titled 'The Trouble With Macroeconomics.' His argument focuses on the question of 'identification,' which is shorthand in the field for how economists identify the cause of an event."

It was standing room only at the NYU Global Center for Academic and Spiritual Life on February 7, as Chandrika Tandon took the stage to introduce Satya Nadella to an excited audience of students from her namesake School of Engineering and the Stern School of Business.

Excerpt from The New York Post -- "'These stories, like this mother and daughter (from 84 Lumber), are ultimately hard to refute, hard to be critical of,' NYU marketing professor Minah Jung said. 'There was a collection of ads emphasizing liberty, equality, pro-immigration, diversity, uniting people from all backgrounds, openness to diversity.'"

Excerpt from Marketing Dive -- "'A lot of people are watching the Super Bowl just for the commercials. So any influencer that comments on or ties their post back to the commercials could do particularly well,' said Barasch. '[P]eople are looking to engage with brands, products, and ads more on Super Bowl day than any other day of the year — so something that is geared towards consumer action (e.g., visiting a website, using a hashtag on social media, participating in a contest) could be particularly effective.'"

Excerpt from New York Magazine -- "And Jonathan Haidt, a moral psychologist who has chronicled our political and religious divides, recently lamented today’s 'unstoppable process of reciprocally escalating outrage and disgust, justified via social media.'"

Excerpt from RealClearPolitics -- "Zipf’s Law itself is interesting and important, but the mechanics behind it are what really help explain the persistent split we see in mega-urban/rest-of-the-U.S. population. Harvard Professor Xavier Gabaix has written that Zipf’s Law will hold if every city, irrespective of its size, follows roughly the same random growth processes."

Excerpt from the Associated Press -- "The better educated and informed the public is, the more likely they are going to be 'asking questions and exploring alternative sources of information,' says Mike Posner, co-founder and co-director of the NYU Stern Center for Business and Human Rights. 'What you really want is people saying they want to see different sides of an issue, looking at things by people who don't agree with me, so one (part of the solution) is public education.'"

Excerpt from the Financial Times -- "Here’s a letter from a couple of noteworthy American economists — Stephen Cecchetti, a former head of the monetary and economic policy department at the BIS, and Kermit Schoenholtz, a former chief economist at Citi who now teaches at the Stern School of Business. It’s a response to that McHenry chap, from the House financial services committee who’s worried about Janet Yellen ‘UnfaiRLy PENALIZING American fiNANce!!"

Excerpt from Forbes -- "[Philippon] makes the argument that over the course of a century, the financial services industry has gotten much bigger but also much less efficient. Amazingly, the financial sector of today is much less efficient than the financial sector of the past which provided the capital to support the development of the country’s railroad, steel, and chemical industries!"

Excerpt from Innovation Hub -- "The arrival of a German immigrant, or any immigrant, has two opposing effects. One is if there is now an immigrant, I have to compete with that immigrant, so I may not be able to publish my papers, for example. Another one is that I can now learn from this new person and I can work with them. So what we find is that second effect dominated overall, so that American inventors became more productive after the German-Jewish immigrants arrived in the United States."

Excerpt from The Week -- "Companies like Uber and TaskRabbit are changing the definition of employment, offering freedom and flexibility to workers but also eroding labor protections and social security. 'In many countries, key slices of the social safety net are tied to full-time employment with a company or the government,' writes Arun Sundararajan of the New York University School of Business."

Excerpt from the Harvard Business Review -- "Stripped to its essentials, the Spence signaling model simply requires that there be a link between a desirable yet hidden attribute and the cost of doing something. And that something can be anything, as long as everyone knows it’s cheap for the smart and virtuous to do it, and difficult for anyone else."

Excerpt from the Los Angeles Times -- "'The country is so split politically right now,' said Russell S. Winer, a marketing professor at New York University. 'Marketers are spending at least $5 million just to be in the Super Bowl — and they don’t want their messages to alienate anyone.' ... 'Comedy is a good way to cut across the political spectrum,' Winer said."

Excerpt from Inc. -- "The founder of the Future Today Institute, a strategy and technology research firm, Webb has been studying the future of technology and media for more than a decade. (Previously, she launched Webbmedia Group, a company that advised media and tech companies.) These days, she also lectures at Columbia University, and was recently designated an adjunct assistant professor at NYU's Stern School of Business. Insiders called Webb a key 'trend spotter' of the New York startup ecosystem. Webb is also a columnist for Inc. magazine."

Excerpt from KHOU -- "'The main reason people use zero-based budgeting is to control their spending habits in the face of impulsive behavior,' says Dr. Constantine Yannelis, an assistant professor of finance at NYU Leonard N. Stern School of Business."

Excerpt from Quartz -- "'This is not so much about capital structure as it is about control,' Aswath Damodaran, a professor and valuation expert at New York University, told Quartz. 'I don’t like it, as an investor, but my guess is that the investors who like Snap will let it go by, just as they have for Google and Facebook.'"

Excerpt from Clear Admit -- "The vision behind the scholarship is very much in line with the efforts and initiatives of the popular student club Stern Women in Business (SWIB). Devoted to building a supportive community focused on topics significant to women in business, SWIB counts men as well as women among its members, including on its leadership board. This is in keeping with the club’s goal of providing a forum where diverse experiences, perspectives and resources can be shared."

NYU Stern is establishing a new merit-based scholarship, the Advancing Women in Business Scholarship, for incoming full-time MBA students. The scholarships will be awarded to students who demonstrate a deep and abiding commitment to advancing women in business and will cover the first year of tuition and mandatory fees. 

On Thursday, February 2, NYU Stern’s Master of Science in Risk Management program hosted a roundtable entitled “New U.S. Administration:Risky Spotlight on Economy, Trade and China.” Featured speakers included Michael Waugh, NYU Stern Associate Professor of Economics, and David Denoon, Professor of Politics and Economics and Director of the NYU Center on U.S.-China Relations.

On February 1, Professor Kim Schoenholtz moderated a discussion among three leading economists.

Excerpt from The Boston Globe -- "'There’s a reason why teams have fish and [birds] on their helmets and not people,' said Scott Galloway, a professor of marketing at NYU’s Stern School of Business. 'It’s very dangerous for a team to associate itself with anyone but the most likable people in a public way. And politicians are almost always going to alienate at least half your base.'"

Excerpt from the Los Angeles Times -- "'Trump's grandfather immigrated from Germany, so there's a double dose of irony,' said Russell S. Winer, a marketing professor at the New York University Leonard N. Stern School of Business. 'I think Americans will like the ad, as they don't think of immigrants from Europe the same way as immigrants from Africa or Muslim countries in the Middle East.'"

Excerpt from Clear Admit -- "'As President Hamilton so eloquently stated, the order and its immediate impact have left many of us with heavy hearts and deep concerns for those who are directly or indirectly affected,' [Henry] wrote. 'As an immigrant who was welcomed to this country almost 40 years ago and proudly became a U.S. citizen, it is a particularly sobering time for me.'"

Excerpt from CityLab -- "...as Friedland and Jeanne Calderon explain in a report for the Stern Center, in EB-5 deals, the developer often serves as both lender and borrower, setting terms for the loan it both generates and receives. 'The fraud uncovered to date spans all parts of the nation,' Friedland and Calderon write."

Excerpt from US News & World Report -- "'Some people may find it surprising that runners actually pick one and another out [to try to beat] at these kind of races, but my experiences speaking with them suggests they indeed do,' said lead author Gavin Kilduff..."