Faculty News

Research by Nobel Laureate Prof. Michael Spence on US employment levels is referenced

Excerpt from National Review Online -- "Among others, Alan Blinder and Michael Spence and Sandile Hlatshwayo have described offshoring as a potential threat to U.S. employment levels, and not just for less-skilled workers." Additional coverage appeared in Bloomberg.
Faculty News

Research Scholar Robert Frank on a progressive consumption tax

Excerpt from Slate -- "Robert Frank says we should have a progressive consumption tax and so does Columbia's Glenn Hubbard, but one's on the left and one's on the right." Additional coverage appeared in Hindu Business Line.
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the challenges facing today's economy

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Excerpt from MSNBC -- "We've got two challenges. One is we are still leveraging. We have a fragile housing market. We have balance sheets that are not healthy again. The excess consumption is not coming back so we have to sell more to people in the rest of the world and we have structural problems."
Faculty News

In an op-ed, Prof. Adam Alter offers an explanation for human responses

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Excerpt from Edge.org -- "People second-guess situations, they stop to make sense of a chain of events before acting, and sometimes pride and the fear of looking foolish prevent them from acting at all."
School News

An op-ed by alumnus Conor Grennan (MBA '11) on Prof. William Silber

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Excerpt from The Huffington Post -- "Bill Silber is something of a legend at the NYU Stern School of Business. He is so good at his job that when Stern students go for interviews at investment banks, the interviewer will ask if they took Professor Silber's introduction to finance." Additional coverage appeared in Equity News.
Faculty News

Prof. Jonathan Haidt's book, "The Happiness Hypothesis," is highlighted

Excerpt from PyschCentral.com -- "Despite the emphasis our culture has on logic and self-control, the emotional part of everyone’s brain is pretty powerful, particularly given the right circumstances. Jonathan Haidt, in "The Happiness Hypothesis," talks about the brain being like an elephant with a rider."
Faculty News

Prof. Nouriel Roubini's expertise was used in creating a study guide on unemployment

Excerpt from Kirkus Reviews -- "An evenhanded discussion and study guide on unemployment. Bittle and Johnson draw on solid statistical sources including the National Association of Manufacturers, trade-union organizations, the Heritage Foundation, the Cato Institute and the Economic Policy Institute, and they also rely on expertise from, among others, Nobel Laureate Paul Krugman of Princeton, Nouriel Roubini of NYU's Stern School ... "
Faculty News

An op-ed by Research Scholar Robert Frank on how to save the global economy

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Excerpt from Foreign Policy -- We could enact a steeply progressive surtax on the annual consumption of the wealthiest households, while making sure it's scheduled for gradual phase-in only after the economy has returned to full employment.
Faculty News

Prof. Michael Jung is scheduled to speak at the McDonough School of Business in March

Excerpt from McDonough School of Business -- "Throughout the spring 2012 semester, the Center for Financial Markets and Policy will host a number of speakers at Georgetown University’s McDonough School of Business."
Faculty News

An op-ed by Research Scholar Robert Frank on why a two-income household is no longer enough

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Excerpt from The Times of India -- "The increase in the toil index has been spectacular. From a postwar low of 41 hours a month in 1970, it rose to more than 100 hours in 2005. Although it has fallen since the housing bubble burst, the middle-class squeeze persists."
Faculty News

Prof. Jonathan Haidt's moral-political psychology is featured

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Excerpt from Psychology Today -- "Haidt is blazing some very important trails. The five value systems approach is intriguing, his data sets are impressive and clearly he has added much to our understanding of differences between liberal and conservative values." Additional coverage appeared in Philadelphia Magazine.
Faculty News

Nobel Laureate Prof. Michael Spence on Italy's debt

Excerpt from Bloomberg -- “If the Italian yields start to rise, you could quickly turn a manageable situation into an insolvent one." Additional coverage appeared in Mindful Money.
Faculty News

In an op-ed, Prof. Nicholas Economides makes recommendations for the Greek economy

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Excerpt from Kathimerini -- "If it becomes uncontrolled bankruptcy, Greece will be cut completely from the international banking system, and will be forced to create a public sector surplus (Greek to English translation)."
Faculty News

Prof. Nouriel Roubini's co-authored report on how to restore the global economy is featured

Excerpt from Financial Post -- "Professors Robert Hockett of Cornell University, Nouriel Roubini of New York University and Daniel Alpert, a partner with Westwood Capital ... outline the causes of the current fiscal calamity and propose sweeping global policies to repair and renovate the global economy."
School News

NYU Stern is highlighted in a slide show on business school entrepreneurship

Excerpt from Bloomberg Businessweek -- "Bloomberg Businessweek asked each school ranked among our top 30 MBA programs to show us what they’ve got when it comes to supporting student entrepreneurs. This list is a compilation of those resources."
Faculty News

Prof. Sylla will participate in "The Money Trust," a New York Historical Society event on 1/18

Excerpt from Amsterdam News -- "In addition to exploring the age of revolution, the Historical Society will host several other public events including 'The Money Trust' on Jan. 18 featuring James Grant, Paul Gigot and Richard Sylla."
School News

NYU Life Trustee & Emeritus Chair of the Board of Overseers Henry Kaufman is cited

Excerpt from Standard-Examiner -- "The enormous problems these mortgage-backed securities create was recognized by a former chief economist at Solomon Brothers, Henry Kaufman: the relationship between 'the creditor and debtor is loosened because creditors are not permanent holders of the debt ... In a securitized world, the Fed will inherit the problem of the troublesome debtor.'"
Faculty News

In an op-ed, Prof. Roy Smith says to break up the big banks

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Excerpt from Financial News -- "Based on changing markets and increasing regulatory pressures, it is time to unwind the mega-banks into smaller, simpler, less risky business models."
School News

MBA student Yoni Falkson on Occupy Wall Street

Excerpt from MBA Social -- "As a new student at Stern I’ve been surprised at the categorical acknowledgement by my peers of how bankrupt our country is both economically and politically."
Faculty News

Prof. Richard Sylla on reasons for boosting 401(k) contribution rates

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Excerpt from San Francisco Chronicle -- "Professor Richard Sylla of New York University has studied stock market returns going back more than a century and has concluded that stocks have a solid chance of returning to posting 6.5% annual real returns, as they have historically."
School News

The NYU Stern ProMotion Pictures Film Competition is featured

Excerpt from MBA Mission -- "The annual NYU Stern ProMotion Pictures Film Competition brings together students from the business school and from the university’s Maurice Kanbar Institute of Film and Television to produce and direct branded entertainment for major corporations."
Faculty News

Prof. Thomas Philippon on the size of the US financial sector

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Excerpt from Project-Syndicate -- "Lahart cites the conclusion of New York University’s Thomas Philippon that today’s US financial sector is outsized by two percentage points of GDP."
Faculty News

An op-ed by Prof. Michelle Greenwald on the most questionable new products of 2011

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Excerpt from Inc. -- "Recently I gave a group of my MBA students at New York University’s Stern Graduate School of Business in New York this assignment: Identify the most questionable new products of the year and analyze what made them so ill conceived."