Faculty News

In an op-ed, Research Scholar Robert Frank outlines the obstacles to repealing and replacing Obamacare

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Excerpt from The New York Times -- "Opponents of the Affordable Care Act have denounced it bitterly for more than six years, so it is not surprising that, despite the program’s successes, public opinion about it would be divided. Even so, a repeal would unleash the awesome power of loss aversion, among the more deeply rooted human tendencies known to behavioral scientists. Their consistent finding: The amount of effort people will expend to resist being stripped of something they already possess is significantly larger than the effort they will devote to acquiring something they don’t already have.
Faculty News

Professor Richard Sylla's new illustrated biography of Alexander Hamilton is featured in a holiday book roundup

Excerpt from Triblive.com -- "Here's another way to learn about the 10-dollar founding father without a father: This gorgeous illustrated biography, written by noted Alexander Hamilton scholar Richard Sylla (who's also the chairman of the Museum of American Finance)."
School News

Isser Gallogly, Associate Dean of MBA Admissions and Program Innovation, is interviewed about Stern's MBA program and shares advice for prospective students

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Excerpt from Accepted.com -- "We value IQ and EQ – both intelligence and leadership. Our approach to academics is distinctive: it’s a mixed approach (not just lecture based or case-based, but a mix of approaches). We provide a range of opportunities; our courses are taught by a range of faculty (from Nobel Prize winners to practitioners who teach part time). There’s a lot of flexibility in the program – you can pursue between up to three specializations (or no specialization). And you can take classes overseas, or at other NYU grad schools."
Faculty News

Professor Tensie Whelan discusses her research on the business case for sustainability

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Excerpt from Green Sense Radio -- "We found that there's a variety of different drivers for positive financial performance when you embed sustainability. So operational efficiencies where you reduce energy costs and water costs are a big part of it. But also, you can proactively drive innovation and come up with new processes and new products that can actually create competitive advantage and bring in new sources of funding."
School News

Stern's Fertitta Veterans Program is spotlighted

Excerpt from Beat the GMAT -- "The Fertitta Veterans Program, believed to be the only program of its kind at a U.S. business school, will begin in summer 2017 for members of the full-time MBA Class of 2019. The uniquely designed summer session will include an early start on selected coursework; career programming with access to corporations and alumni; engagement with veteran alumni mentors; and social activities."
Faculty News

In an op-ed, Professor Amy Webb argues that the US government needs a Department of the Future

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Excerpt from Politico -- "Companies like IBM, Procter & Gamble and Google have relied on futurists to look at the fringe, map trends and build scenarios for the next 10, 20, 30 and even 50 years of their organizations and industries. Because of futures thinking, IBM — a company that was founded before there were cars, let alone computers — is at the forefront of artificial intelligence, modeling the ways in which our work will be augmented by machines."
School News

In a co-authored op-ed, PhD student Gualtiero Azzalini shares insights from his joint research on government methods for reducing deficits

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Excerpt from VoxEU -- "Fiscal adjustments based upon spending cuts are much less costly in terms of short-run output losses than those based upon tax increases. Adjustments based on tax increases are associated with large and prolonged recessions, whether the adjustment starts in a recession or not. The dynamic response of the economy to a consolidation programme does depend on whether it is adopted in a period of economic expansion, but the size of this source of non-linearity is small relative to the effect that depends on whether the consolidation is tax-based or expenditure-based."
Faculty News

Professor Pankaj Ghemawat is interviewed about his research on the DHL Global Connectedness Index

Excerpt from Global Trade Magazine -- "The research on the GCI was led by internationally acclaimed globalization expert Pankaj Ghemawat, who highlighted how emerging economies still lag behind on global connectedness. 'Advanced economies are about four times as deeply integrated into international capital flows, five times as much on people flows, and nine times with respect to information flows,' said Ghemawat."
Faculty News

Professor Richard Sylla discusses Donald Trump's approach to business regulation

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Excerpt from CNNMoney -- "'Trump is not committed to any ideology. He likes to make deals. In that sense, he is a bit like Franklin Roosevelt,' says Sylla. 'Roosevelt just tried a lot of programs and hoped some of them worked.'"
Faculty News

Professor Aswath Damodaran's forthcoming book, "Narratives and Numbers: The Value of Stories in Business," is featured in a winter book roundup

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Excerpt from Bloomberg -- "It comes from New York University Stern school professor -- and all around valuation guru -- Aswath Damodaran. I am all too aware that narrative is often used to distract from numbers, but if anyone can walk that line, it is Damodaran. During our Masters in Business conversation, I was impressed with his common sense, down-to-earth method of valuing companies, both private and public -- so much so that, I was compelled to pre-order his newest book."
Faculty News

Professor David Yermack comments on the Federal Reserve's research paper on distributed ledgers

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Excerpt from CoinDesk -- "The 'very general introduction to the structure of payment systems and the potential uses of distributed ledgers', he continued, 'barely mentions any role for the government, other than the need to consider whether new regulations will be required to fit the potential uses of the technology. ... I think the report is a useful reference but hardly a roadmap for how the industry might evolve,' Yermack added."
Faculty News

Professor Arun Sundararajan is interviewed for a segment on Uber's new practice of tracking customers for five minutes after they've been dropped off

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Excerpt from CBS News -- "'Well, we trust that they will do what they promise to do. I don’t trust that Uber is telling the truth because I believe in Uber’s good intentions,' Sundararajan said. 'I trust that Uber is telling the truth because it would be really damaging to their long run profits if they were caught in a lie on something like this.'"
Faculty News

Professor Rangarajan Sundaram discusses Airbnb's expansion in China

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Excerpt from Voice of America -- "I think that Airbnb is taking a fairly measured approach to building relationships and growing its market in China... I think it's investing very heavily in trying to do things in a way that are tailored to how business works in China, as opposed to going in with a strategy of 'Okay this has worked elsewhere in the world, I'm just going to replicate what I've done in other places."
Faculty News

Professor Nathan Pettit's joint research on the connection between the purchase of high-status goods and self-esteem is featured

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Excerpt from the Daily Mail -- "Research by Dr Sivanathan and his co-author Nathan Pettit, Assistant Professor of Management and Organisations, NYU Stern School of Business, found purchasing luxury goods on credit is especially attractive to those who have low self-esteem."
Faculty News

Professor Vasant Dhar comments on Grubhub's website outages

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Excerpt from The New York Post -- "Indeed, server reliability is something that can, to a large extent, be purchased, notes Vasant Dhar, a professor of data science at NYU’s Stern School of Business. 'It shouldn’t be that much of a big deal to plug and play your systems at this stage of development,' Dhar said."
Faculty News

Research Scholar Sarah Labowitz's work on labor conditions in Bangladesh is featured

Excerpt from Just Style -- "Of the 479 factories surveyed by Stern School researchers in 2015, around one-third were informal sub-contractors. On average they employ around 55 workers, often focusing on a single specialised process, such as sewing, washing, dying or printing."
Research Center Events

NET Institute Conference on Network Economics

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Distinguished academics from around the world will convene to share their research in the rapidly evolving field of network economics at the 2016 NET Institute Conference, held in partnership with NYU Stern’s Center for Global Economy and Business.
Faculty News

Professor Priya Raghubir is interviewed about her research on the connection between payment methods and spending

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Excerpt from Consumer Reports -- "'There’s just something painful about taking money out of your wallet,' says Priya Raghubir, professor of marketing at New York University. When you hand over cash or a check, you part with something of value. Yet after you swipe a credit or debit card, you put the same object back in your wallet. Paying feels less real, which encourages more spending."
Faculty News

Professor Rosa Abrantes-Metz comments on Deutsche Bank's settlement of its gold price-fixing case

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Excerpt from BNN -- "Gold fixing was set through, up to a couple of years ago, by 5 banks who private discussed the prices of gold through an auction without any independent oversight by anybody. Not disclosing it to the public they were competitors. And so, this is a setting that is normally not allowed, this type of private information among competitors and they were trading at the same time. So they had the opportunity to know market movement ahead of time. And they also had the opportunity to set the prices themselves."
Business and Policy Leader Events

NYU Stern's "In Conversation with Mervyn King" Series Presents Michael Lewis

On December 8, NYU Stern hosted the second installment of the "In Conversation with Mervyn King" series featuring Michael Lewis, best-selling author of Liar's Poker, Moneyball, The Blind Side and Flash Boys, on his new book The Undoing Project: A Friendship that Changed Our Minds. 
Faculty News

Research by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland on the EB-5 Immigrant Investor Program is referenced

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Excerpt from Judicial Watch -- "Recent data, cited by David North of the Center for Immigration Studies here and here, suggests that about 56% of EB-5 funds—more than $10 billion—went to the city, mainly Manhattan. Mr. North drilled down into a study by two New York University scholars, Jeanne Calderon and Gary Friedland, who painstakingly compiled data from 52 large EB-5 projects nationwide."
Faculty News

Professor Arun Sundararajan shares insights on different sharing economy platforms and their markets

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Excerpt from Mashable -- "Services like Uber have strong local network effects, meaning that as they gain traction in New York, they become more valuable in New York. But gaining traction in New York doesn't do too much for consumers in San Francisco or consumers in Los Angeles. And we've also noticed that drivers are able to connect to multiple platforms pretty seamlessly. Most Uber drivers in New York drive for Lyft or drive for Juno, as well. Or drive for Via or drive for one of the many other platforms. So I think it's becoming clear that the economics as things stand today, largely urban areas, cars driven by human drivers, in that scenario, we're not certainly on our path to one dominant platform because of the natural underlying economics."
School News

Stern's partnership with the Council of Fashion Designers of America (CFDA) is featured

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Excerpt from Yahoo -- "One of the first things [the CFDA Fashion Incubator Program participants] do is spend a semester working with an MBA student from NYU’s Stern School. That’s like having a McKinsey [consultant] working with you. So right away, they’re refining their business strategy and learning to be fiscally responsible, things that aren’t always front-of-mind for creatively focused people."
Faculty News

Professor Michael Posner is interviewed for a story on why some foreign leaders are booking rooms at Trump properties

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Excerpt from ABC News -- "Posner told ABC News he believes Bahrain and other countries are using misguided gestures, such as booking the Trump hotel ballroom, to try and build rapport with the next U.S. administration. 'I think a lot of governments around the world that depend on a strong relationship to the United States are trying to figure out in a Trump administration what is it going to take to curry favor?' Posner said."
Faculty News

Professor Kim Schoenholtz discusses the impact of the recession on economic forecasting

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Excerpt from Bloomberg -- "'The shock we went through was the largest since the Great Depression, and it was worldwide,' NYU’s Schoenholtz said. 'The reality is even short-run forecasts became difficult.'"

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