Faculty News

Prof. Menachem Brenner on the CBOE Volatility Index (VIX)

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Excerpt from CNNMoney -- "A lot of people look at the VIX as possibly a predictor of the market direction. I think that is totally wrong."
Faculty News

Prof. Michael Moses's fine art research is highlighted

Excerpt from Motley Fool -- "In a 2002 paper by New York University's Michael Moses and Jianping Mei, the authors reviewed more than 100 years of art sales by major auctioneers and found that art beats bonds, underperforms stocks, is less volatile, and has low correlation with other markets."
Faculty News

Prof. Laura Callanan is highlighted for participating in SOCAP11

Excerpt from Care2.com -- "This morning I attended the SOCAP11 'The Long View: What Institutional Investors Want Every Social Entrepreneur to Know.' It was a very popular session with roughly two hundred and fifty participants. The moderator and panelists represented institutional investors: Laura Callanan from McKinsey & Company ... "
Faculty News

Prof. Eric Greenleaf on downtown Manhattan's over-crowded elementary schools

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Excerpt from NY1 -- “'Right now, if you move downtown, you may not even know where your child will be able to go to school, because all of the schools will be full,' said Eric Greenleaf of New York University’s Stern School of Business." Additional coverage appeared in Tribeca Trib.
Faculty News

Prof. Stephen Brown on how Manhattan's financial center changed following 9/11

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Excerpt from The Huffington Post -- "'The events of 9/11 were the death knell perhaps for the physical bricks and mortar manifestation of the financial capital,' said Stephen Brown, a professor of finance at the New York University Stern School of Business."
Faculty News

Prof. Nouriel Roubini's discussion with Anthony Scaramucci on capital markets is highlighted

Excerpt from Bloomberg -- "At a dinner he hosted at the Four Seasons during SALT, Scaramucci led a discussion with economist Nouriel Roubini on how Federal Reserve policy and Europe’s debt woes were impacting capital markets."
Faculty News

Nobel Laureate Prof. Michael Spence's book, "The Next Convergence," is cited

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Excerpt from The Australian -- "Plenty of Australian companies have woken up to the themes of this report and Michael Spence's 'The Next Convergence,' which argues that developing countries are going through an industrial revolution in a couple of decades -- rather than 200 years for Europe, Australia and the US."  Additional coverage appeared on Australian Broadcasting Corporation, MoneyLife and Financial Express.
Faculty News

Prof. Richard Sylla on the US's role in the world economy

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Excerpt from Xinhua -- "I think we're moving back to a situation where the U.S. has more of a normal position in the world, still the largest economy, but there are lots of other economic centers of powers."
Faculty News

Nobel Laureate Prof. Michael Spence on US fiscal policy

Excerpt from Bloomberg -- "Bill Gross ... talks about the impact of the Federal Reserve's asset purchases on credit creation and the outlook for financial market reaction to President Barack Obama's speech on job creation tonight before a joint session of Congress. Keene and New York University professor and Nobel laureate Michael Spence speak with Tom Keene on Bloomberg Television's 'Surveillance Midday.'"  Additional coverage appeared on The Washington Post.
Faculty News

Prof. Nouriel Roubini shares his outlook for advanced economies

Excerpt from Bloomberg -- “There is a 60 percent probability of another economic contraction in most advanced economies.”  Additional coverage appeared on Bloomberg, San Francisco Chronicle, Financial Post, China Business News, KPIC.com, Reuters and Business Insider.
Faculty News

An op-ed by NYU Stern Faculty Authors of "Guaranteed to Fail," on US mortgage finance

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Excerpt from Reuters Breaking Views -- "Americans should be outraged at the architecture of the nation’s mortgage finance system. It was a primary cause of the financial crisis and at the center of this system were Fannie Mae and Freddie Mac, the mortgage finance giants."
Faculty News

Nobel Laureate Prof. Michael Spence on US unemployment

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Excerpt from the Council on Foreign Relations -- "Investing in infrastructure, along with education and technology, is a way to tackle unemployment by addressing longstanding structural problems on 'the tradable side of the economy,' economist and Nobel laureate A. Michael Spence recently told CFR."  Additional coverage appeared on Philly.com and Kansas City Star.
Faculty News

Prof. Amity Shlaes's book, "The Forgotten Man," is cited

Excerpt from FuelFix.com -- "The story of the mid-1930s is the story of a heroic economy struggling to recuperate but failing … because of perverse federal policy. The worst factor was [Franklin] Roosevelt’s war on business."  Additional coverage appeared in Mother Jones and The Huffington Post.
School News

MBA student Jennie Morrel on Management Leadership for Tomorrow

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Excerpt from US News & World Report -- "'MLT is an invaluable resource for minority applicants,' says Jennie Morrel, who worked as a senior advertising manager at the Random House Publishing Group before starting her M.B.A. at New York University's Stern School of Business this fall.."
Faculty News

A photograph of Prof. Harry Chernoff and Elena Gretch (BS ’98) is featured

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Excerpt from The Wall Street Journal -- "The siren song—or was it swan song—of summer 2011 was sung by Crosby, Stills & Nash. This was at the last major event of the season, the inaugural Hamptons Rocks for Charity ... The beneficiaries were the Ovarian Cancer Research Fund (OCRF) and the Crohn's & Colitis Foundation of America (CCFA)."
Faculty News

Prof. Tom Meyvis's research on the benefits of commercial interruption is featured

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Excerpt from TIME Moneyland -- "In the most remarkable demonstration of this idea, they found that people enjoy watching TV shows more when they are interrupted by commercials than when they’re free of ads."
Faculty News

Prof. Richard Sylla on the changing landscape of Wall Street

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Excerpt from Reuters TV -- "I think it's an interesting way in which New York regenerates itself for Wall Street to sort of downshift as far as finance goes but upshift in terms of residential real estate."
Faculty News

Nobel Laureate Prof. Michael Spence on Mitt Romney's economic plan

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Excerpt from The New York Times Economix blog -- “Nobody knows how well we’re going to respond both on the public- and private-sector side and restore competitiveness.”
Faculty News

Prof. Stephen Brown on funds of hedge funds

Excerpt from Bloomberg Businessweek -- "Wealthy investors who can afford to are more likely to put money directly in hedge funds instead of going through fund of funds since some fund of funds were tainted by scandal related to Bernard L. Madoff, poor performance and a high rate of failure during the financial crisis, said Stephen Brown."  Additional coverage appeared on Bloomberg.
Faculty News

In an op-ed, Prof. Nouriel Roubini calls for full integration of the euro zone

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Excerpt from The Guardian -- "Only by moving forward towards full integration – now – can Europe save itself."  Additional coverage appeared in The Age, TodayOnline.com and Sydney Morning Herald.
Faculty News

Prof. Batia Wiesenfeld's research on the downsides of the virtual workplace is featured

Excerpt from McCombs Today -- "Bartel and her coauthors, Amy Wrzesniewski of Yale University and Batia Wiesenfeld at New York University, examined the relationship between virtual employees’ degree of physical isolation and their perceived respect in the organization, hypothesizing that the two are negatively associated."
Faculty News

An interview with Prof. Stephen Brown on operational risk

Excerpt from Opalesque -- "Professor Stephen Brown is the David S. Loeb Chair of Finance at the New York University Stern School of Business. In this live radio feature he shares his expertise and research finding on operation risk."  Additional coverage appeared on Reuters Insider.
Faculty News

NYU Stern Faculty Authors of "Guaranteed to Fail" on Mortgage Finance Reform

Excerpt from Wall Street Pit -- "Last week the Federal Housing Finance Agency filed suits against 17 major banks and mortgage businesses for misleading Fannie Mae and Freddie Mac ... This development is best understood against the background provided by a revealing new book, 'Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance,' by V. Acharya, M. Richardson, S. van Nieuwerburgh and L. White."
Faculty News

Prof. Scott Galloway's digital IQ ranking of financial services firms is featured

Excerpt from Reverse Mortgage Daily -- "L2, a digital think tank at NYU Stern, recently released a report that attempts to measure the digital competence of 17 retail banks and 10 credit card issuers with an IQ scale ranking."  Additional coverage appeared on Finextra.com.