Faculty News

Research from Professor Holger Mueller examining the relationship between business closings, related unemployment and falling prices for real estate in different American counties is spotlighted

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Excerpt from HBR France -- "Research shows that highly indebted companies are particularly vulnerable in the event of a recession. In a 2017 study, Xavier Giroud (then at the Sloan School of Management at MIT) and Holger Mueller (Stern School of Business at NYU) examined the relationship between business closings, related unemployment and falling prices for real estate in different American counties. Overall, the more property prices fell, the more consumer demand fell, leading to higher business closings and unemployment."

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