School News

Central Bank of Ireland Governor Philip Lane's remarks at an event hosted by the Center for Global Economy and Business are highlighted

The Irish Times logo
Excerpt from The Irish Times -- "Addressing the New York University Stern School of Business on Tuesday, he said: 'Put differently, forceful accommodative monetary policy in the short run is the best method that policy rates do not stay low for longer than is necessary.'"
Faculty News

Professor Thomas Philippon's research on the financial services industry is spotlighted

Bloomberg View logo
Excerpt from Bloomberg View -- "Asset management is a second area that will probably be squeezed by the double fists of technology and regulation. As Philippon has shown, asset management, along with real estate, is one of the two sectors responsible for most of the financial industry’s growth. But that might just make it ripe for compression."
Faculty News

Professor Viral Acharya shares his views on monetary policy and systemic risk

Minneapolis Star-Tribune logo
Excerpt from the Minneapolis Star-Tribune - "Responding to Hanson’s idea that the government should issue more short-term debt to discourage that activity, Viral Acharya, an economist at New York University, said he feels uncomfortable with the government getting involved in buying and selling debt to 'crowd out' non-banks. 'It’s better to get at financial stability directly, in my view, rather than mixing fiscal policy with it,' Acharya said."
Faculty News

Professor Nicholas Economides evaluates a new FCC proposal giving consumers control of set-top TV boxes

Bloomberg logo
Excerpt from Bloomberg -- "Unless cable companies offer 'very aggressive' competitive moves such as slashing prices, 'the introduction of new set-top boxes will accelerate the movement away from cable and toward direct downloads,' Economides said."
Faculty News

In a letter to the editor, Professor Vasant Dhar points out the potential value of big data from driverless cars in determining fault in accidents

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Consider this: The physics associated with every accident will be recorded in minute detail. Not only will this asset of driverless-car technology be able to establish fault unequivocally and therefore resolve disputes more efficiently and correctly, it will also become a critical tool for coaching purposes and improving driving practices."
School News

MBA student Marc Weiner is interviewed about his experience at Stern and offers advice for prospective applicants

MBAInsight logo
Excerpt from MBAInsight -- "I chose business school to make a career switch and, in the process, take my career to the next level. Additionally, I wanted to develop the type of network that would allow me to make friends while also potentially help me down the road when I had graduated. Finally, there were some technical aspects that I was missing in my undergraduate education, which I needed to understand to succeed in consulting."

 
Faculty News

Professor Roy Smith discusses Hillary Clinton's association with Goldman Sachs

The New York Times Logo
Excerpt from The New York Times -- "'Wall Street now conjures up images of corruption, and if you are a person from Wall Street, you have to overcome that,' said Roy C. Smith, a former Goldman Sachs partner who teaches finance at New York University. 'One of the big rubs against Hillary now is that she was paid by Goldman to give speeches at Goldman.'"
 
Faculty News

Professor Aswath Damodaran comments on Lyft's share of the ridesharing market

OZY logo
Excerpt from OZY -- "Lyft commands a sizeable share of the market — about 25 percent, according to Aswath Damodaran, a finance professor at NYU’s Stern School of Business."
Faculty News

Professor Scott Galloway weighs in on Yahoo's data breach

AFP logo
Excerpt from AFP -- "Although the public has become habituated to news about data breaches, this news may erode confidence in the online ecosystem, according to Galloway. 'The hacks are more damaging to the ecosystem than individual companies,' he said. 'Ms. Mayer's obscene compensation and the hack give people the sense the game is rigged and that they can trust no platform.'"
Faculty News

Professor Thomas Philippon's research on compensation in the financial services industry is referenced

The Atlantic logo
Excerpt from The Atlantic -- "According to the economist Thomas Philippon, total compensation of financial professionals, including profits, wages, salaries, and bonuses, is around 9 percent of U.S. GDP — about $1.4 trillion dollars. That’s up from below 3 percent of GDP in 1951. As compensation in the financial sector grows, though, there’s no sign that more finance is bolstering economic activity, Philippon finds."
School News

MBA student Danny Breslauer shares what he thinks sets Stern apart

Accepted logo
Excerpt from Accepted.com -- "Stern is an incredible place. It may sound cliché, but my favorite thing about the program is my classmates. I have made friends and trusted colleagues for life in a little over a year’s time. That’s very difficult to do. I give a lot of credit to Stern’s admissions team for putting together an awesome and diverse class."
Research Center Events

Industry Professionals, Alumni & Faculty Gather for 4th Annual Risk Management Symposium

Risk Management Symposium 2016
A group of industry professionals and Stern alumni gathered for a series of lectures and panel discussions as part of the 2016 Risk Management Symposium.
Faculty News

Professor Maria Patterson comments on how the judge's prior knowledge could impact the attorneys' approach to AIG CEO Hank Greenberg's trial

New York Law Journal logo
Excerpt from the New York Law Journal -- "'Nobody is going to be making grand speeches, as you might to a jury, because what's the point, this judge is presiding,' she said. 'He knows the story here. … What I would do is get the witnesses on, have them testify, and not do a dog-and-pony-show trial.'"
Faculty News

Professor Baruch Lev's book, "The End of Accounting," is reviewed

Fortune logo
Excerpt from Fortune -- "'Financial information doesn’t move markets,' they conclude. 'Reported earnings are largely detached from reality, and no longer reflect the factors that create corporate value.'"
Faculty News

Professor Xavier Gabaix's new research on macroeconomic theory is referenced

Bloomberg View logo
Excerpt from Bloomberg View -- "...the highly respected Xavier Gabaix of New York University has incorporated the idea into a new model."
Faculty News

Professor Alixandra Barasch is profiled

Poets and Quants logo
Excerpt from Poets & Quants -- "'I’m just surrounded by energy and students who are excited about being at NYU,' says Barasch, who will teach a core Introduction to Marketing course to undergrads in the spring. 'But the real draw was Stern’s Marketing Department. It’s top-notch. It has some of the best researchers, the most published and well-known names.'"
Faculty News

Professor Michelle Greenwald discusses Chipotle's efforts towards improved food safety

The New York Times Logo
Excerpt from The New York Times -- "'You can be a pioneer in the market and get surpassed by other things,' Professor Greenwald said. 'I think that’s partly what’s happening to them — their food safety problems coincided with all these new concepts like Cava Grill and Sweetgreen.'"
Research Center Events

Stern Center for Global Economy and Business Hosts a Panel on “The Big Short” and Financial Reform

The Big Short and Financial Reform panel
The NYU Stern Center for Global Economy and Business hosted a panel on The Big Short and Financial Reform on September 20, 2016.
Faculty News

Professor Vasant Dhar discusses the potential impact of driverless vehicle technology

Marketplace Logo
Excerpt from Marketplace -- "Dhar said despite some recent crashes of semi-autonomous vehicles, driverless vehicles could end up being far safer than human drivers. 'There's a huge drag on the economy around accidents,' he said. 'There's 4 million injuries every year. Almost 40,000 people die.'"
Faculty News

Professor Nouriel Roubini explains why he doesn't currently see a bubble in the US economy

CNBC logo
Excerpt from CNBC -- "'Across the board I don't see a bubble but I see certainly some frothiness that is not justified by the fundamentals because the economy is barely growing 2 percent, earnings growth is slowing down and PE ratios are now above historical average,' the chair of Roubini Global Economics told CNBC's 'Closing Bell' on Tuesday."
Faculty News

Professor Nouriel Roubini is interviewed about the impact of fintech on the financial services industry

Financial Times logo
Excerpt from Financial Times -- "'Technology is a tsunami that will radically change the face of financial services,' Prof Roubini said. 'The losers will be those companies that are not nimble enough to adopt the new technology — and a lot of them may disappear.'"
Faculty News

In an op-ed, Professor Michelle Greenwald highlights IBM Watson's functions that are useful to marketers

Forbes logo
Excerpt from Forbes -- "Fluid software’s Expert Personal Shopper app (XPS) for The North Face, and 1-800 Flowers’ GWYN (Gifts When You Need) concierge powered gift recommendation engine, both use Watson technology to enable natural conversations on their sites, and understand location, temperature, gender, shopper use intentions and climate factors, to suggest the most relevant products to meet customers’ needs."
Research Center Events

Wayne Pacelle, President and CEO of The Humane Society & New York Times Best-Selling Author of The Humane Economy, Speaks to Stern community

Wayne Pacelle Event
Stern's Business and Society Program will host Wayne Pacelle, CEO of The Humane Society and author of The Humane Economy, for a lecture and book signing on September 20.
School News

The Center for Sustainable Business' milestones are featured

Clear Admit logo
Excerpt from Clear Admit -- "Since launching, the center also assembled its corporate advisory board, recruited a host of industry research scholars, hosted Unilever CEO Paul Polman on its campus and published the 'How Corporate America Can Support the Paris Climate Deal' op-ed in Fortune on Earth Day, April 22, 2016. Each important move reflects the center’s overall theme of 'A Better World through Better Business.'"
Faculty News

Professor Russell Winer is interviewed about consumer choice, marketing and social media

Livemint logo
Excerpt from Livemint -- "The problem with loyalty programmes is that there are too many of them, they are undifferentiated (i.e. the benefits are similar so they don’t offer unique benefits), and difficult for consumers to use with some exceptions like airlines and hotels. The best way for companies to build loyalty is not through gimmicks but by investing in their brands by constantly innovating and offering clear value propositions to their target audiences."