Faculty News

Prof. Paul Romer on the benefits of crises

Excerpt from Rapid City Journal -- "'A crisis is a terrible thing to waste,' according to the famous quote by Stanford economist Paul Romer, pointing out that in a contentious democracy such as ours, competing interests suspend their differences only when they have to confront a common threat." Additional coverage appeared on DAWN.com and Business Insider.
Faculty News

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

Excerpt from Globalresearch.ca -- " ... the title of Akerlof and Romer’s article says it all, 'Looting: The Economic Underworld of Bankruptcy for Profit.' The firm fails but the executives walk away rich."
Faculty News

Prof. Amity Shlaes on the HPV vaccine debate

Excerpt from Bloomberg -- "Republicans can't stop talking about the vaccine for human papilloma virus. Governor Rick Perry of Texas, a presidential candidate, is under fire for having issued an executive order in 2007 that allowed his health commissioner to mandate inoculation against the virus for girls entering sixth grade."  Additional coverage appeared in Kaiser Health News, Cincinnati.com and Bloomberg.
Faculty News

Prof. Marti Subrahmanyam on retiring from the Infosys Board

Excerpt from The Press Trust of India Limited -- "As I look back over the past 13 years as a member of the Infosys board, I feel a great sense of satisfaction. During this period, the company's revenues, profits and employee strength has grown one hundred times."
School News

MBA student Noah Schmutter on studying ethics at NYU Stern

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Excerpt from US News & World Report -- "Bluffing and deception are not considered immoral in a poker game, but they are in the real world. The business world is much like a poker game."  Additional coverage appeared on Yahoo! News.
Faculty News

Prof. Vicki Morwitz's research finds high status consumers are influenced by those with lower status

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Excerpt from Metro New York -- “We try to find out things about ourselves by comparing to the other. Downward comparisons proved to be surprisingly powerful.”  Additional coverage appeared in Metro London, Daily Mail and Times of London.
Faculty News

Prof. Anindya Ghose's analysis of the economic impact of user-generated online reviews is featured

Excerpt from Information Technology Newsweekly -- "This paper is the first study that integrates econometric, text mining, and predictive modeling techniques toward a more complete analysis of the information captured by user-generated online reviews in order to estimate their helpfulness and economic impact."
Faculty News

A paper by Prof. Nouriel Roubini on financial crisis policy response is featured

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Excerpt from a Reuters blog -- "Last week, Nouriel Roubini released a paper, 'A Radical Policy Response to the Rising Risks of a Depression and Financial Crisis.'"  Additional coverage appeared in Reuters, CNBC, Livemint, Economic Times and Mining Weekly.
Faculty News

In an op-ed, Prof. Nouriel Roubini says Greece should abandon the euro

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Excerpt from the Financial Times A-List series -- "Greece must now begin an orderly default, voluntarily exit the eurozone and return to the drachma."  Additional coverage appeared on MSNBC, CNBC, Reuters, The Wall Street Journal, Wall Street Journal blog, Financial Times and Reuters.
Faculty News

Profs Kelly See and Elizabeth Morrison's research explains why execs are less likely to take advice

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Excerpt from The Wall Street Journal -- "The authors found that the more power the employees had, the less likely they were to take coworkers' advice."  Additional coverage appeared in Washington Square News, ABC News and Fox News.
Faculty News

Prof. Larry Zicklin is cited for his help with the Baruch Index of Corporate Political Disclosure

Excerpt from Baruch College The Ticker -- "The launch of the Baruch Index was also made possible with the help of : Responsive Politics' federal corporate finance data, the National Institute on Money in States Politics' state corporate finance data, Louis Lipani, Vinny Wong, and Lawrence Zicklin."
Faculty News

Nobel Laureate Prof. Michael Spence says globalization is changing the western jobs landscape

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Excerpt from The Huffington Post -- "As Michael Spence noted in a recent article in Foreign Affairs, globalization is forever changing the jobs picture in the United States and other wealthy countries."
Faculty News

Prof. Scott Galloway on the star power of tech CEOs

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Excerpt from Business Insider -- "'Web 2.0 CEOs are the new Julia Roberts of the world,' Scott Galloway, a professor of marketing at NYU’s Stern School of Business, tells Ki Mae Heussner."  Additional coverage appeared in AdWeek.
Faculty News

In an op-ed, Prof. Nouriel Roubini advises how to avoid a global recession

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Excerpt from Project-Syndicate -- "The latest economic data suggests that recession is returning to most advanced economies, with financial markets now reaching levels of stress unseen since the collapse of Lehman Brothers in 2008."  Additional coverage appeared on a Wall Street Journal blog, Slate.com, Bloomberg, TodayOnline.com, EconomyWatch, Business Insider, Business Day, The Daily Bell, Stuff.co.nz, Australian Financial Review and Reuters blog.
Faculty News

Nobel Laureate Prof. Michael Spence advises Americans to invest more and consume less

Excerpt from Middle East North America Financial Network -- "We don't know exactly the magnitude of it but if we're really serious about the opportunities set for our children and grandchildren, then we ought to rectify the situation - consume less and invest more."
Faculty News

Prof. Viral Acharya on the shadow banking system

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Excerpt from Financial News -- "'If it looks like a bank and acts like a bank then it should be treated as a bank' said Viral Acharya, a professor at New York University Stern School of Business."
School News

John Paulson's interview of Alan Greenspan (both Stern alums) at NYU Stern is referenced

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "In February, Mr. Paulson interviewed former Federal Reserve Chairman Alan Greenspan, a consultant to the Paulson funds, before a packed auditorium at the New York University Stern School of Business."
Faculty News

Prof. Richard Sylla on the US stock market

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Excerpt from CNBC -- "I think most people in the stock market ought to be investing thinking about a longer term."  Additional coverage appeared on MSNBC and MarketWatch.
Faculty News

Prof. Nouriel Roubini on living in a G-Zero world

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Excerpt from Reuters India -- "We are now living in a G-Zero world, one in which no single country or bloc of countries has the political and economic leverage -- or the will -- to drive a truly international agenda."  Additional coverage appeared on CNBC.
Faculty News

"Guaranteed to Fail," by NYU Stern faculty is named a "Top Business Book"

Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we must fix them."  Additional coverage appeared in Bloomberg Businessweek and Spartanburg Herald Journal.
Faculty News

Prof. Stephen Brown on the recent UBS fraud case

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Excerpt from Associated Press -- "These top banks hire the best and brightest ambitious young people and when they outperform everyone else the bankers want to believe in their brilliance so they look the other way. That's exactly what happened at UBS."  Additional coverage appeared on CBS News, ABC News, Diario Hoy and The Nation.
Faculty News

In an interview, Prof. Thomas Cooley discusses the euro zone debt crisis

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Excerpt from VoxEU.org -- "There are two obvious things that need to happen. We have to resolve the current issues by whatever mixture of debt restructuring or orderly defaults and austerity programs. And I think if those things are done, then the Eurozone can, and I would say should, survive in the long run."
School News

Executive MBA students are featured for their visit to the Engineering Design Center

Excerpt from Engineering Design Center -- "NYU Stern Executive MBA students who came to EDC first took part in a business overview with the site leader, Magdalena Nizik. They had a chance to learn how EDC was established and what each and every business does and is involved in."
Faculty News

Prof. Joel Hasbrouck on how high-speed trading is changing the stock market

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Excerpt from Voice of America -- "In normal circumstances, high-frequency traders act as market makers. That is, they stand by passively waiting to buy or sell from whoever comes into the market needing to trade. In that capacity, they actually help stabilize the market."  Additional coverage appeared in States News Service, Lincoln Tribune and Thai News Service.
Faculty News

Prof. David Poltrack on Digital Video Recording (DVR) as a transitional technology

Excerpt from MediaPost -- "David Poltrack, Chief Research Officer at CBS, has said over the years that Digital Video Recording (DVR) is a transitional technology. I believe he's right ..."