Experience Stern | News & Events

Viral Acharya, C.V. Starr Professor of Economics, was selected to receive the inaugural 2011 Banque de France-Toulouse School of Economics Junior Prize in Monetary Economics and Finance.

Dean Peter Henry welcomed Prime Minister David Cameron to NYU for a questions and answers session, which spanned topics including the economy, foreign affairs and political reform.

Excerpt from The Wall Street Journal -- "As shown by research conducted by New York University economist Thomas Philippon, the cost of financial intermediation—what the financial sector charges the rest of the economy for its services—began a move around 2000 that would take it by 2010 to its highest level in 140 years."

Excerpt from Bloomberg -- "NYU’s Smith ... said Wall Street’s culture has changed because trading has become a more important source of revenue than the fees banks get from advising companies on takeovers or financing."

Excerpt from The Wall Street Journal -- "Speaking at New York University Thursday, Mr. Cameron said he and Mr. Obama on Wednesday discussed tapping oil reserves. 'We'd both like to see global oil prices at a lower level than they are today,' Mr. Cameron said."

Excerpt from Bloomberg -- "The Securities and Exchange Commission should use its existing authority to protect investors by requiring that corporations disclose their political contributions."

Excerpt from Fox Business -- "['Citigroup has] come a long way from where they were in 2008. I don’t see this as necessarily a smack down of them. It’s a mixed bag of news,' said David Yermack, a finance professor at the NYU School of Business."

Excerpt from Bloomberg -- "When the EBA gets a fourth turn at bat this year, the authority can -- and should -- make use of a growing body of knowledge and experience regarding stress tests. And supportive actions by the European Central Bank and the fiscal authorities may raise the chances of success."

Excerpt from Reuters blog -- "Canellos was speaking as part of a panel last week on trends in financial enforcement and securities litigation after Dodd-Frank. The panel was organized by NYU Stern Business School and NERA Economic Consulting."

Excerpt from VoxEU -- "Systemic risk should not be described in terms of a financial firm’s failure per se but in the context of a firm’s overall contribution to system-wide failure. The intuition is straightforward. When only an individual financial firm’s capital is low, the firm can no longer financially intermediate."

Excerpt from Reuters -- "Rather than opposing the EU, we urge your administration to support their efforts to price carbon in the context of the ICAO."

Excerpt from MarketWatch -- "'I can see a situation where the center of trading a Swiss stock will migrate in time to another market,' Amihud added. London, for example, could be a more suitable trading platform for Swiss stocks because of its time zone compared with New York."

Excerpt from MSNBC -- "White said the Fed will probably let its 'Operation Twist' wind down later this year as planned, and is unlikely to announce any further actions to increase the money supply."

Excerpt from Financial Times -- "[Crowdfunding] provides entrepreneurs with 'market validation' ahead of a launch, he says. 'You know there is demand, you are combining market research with raising funds.'"

Excerpt from The Huffington Post -- "In their well-documented book, 'A History of Interest Rates,' Sidney Homer & Richard Sylla trace the evolution of credit and the influence of the religious communities almost every step of the way in the process."

Excerpt from CNN Money -- "'If you move it even a little bit, it can cause massive redistribution of resources because it's so extensively used,' said Rosa Abrantes-Metz, a professor at New York University's Stern School of Business and a former economist with the Federal Trade Commission."

Excerpt from The New York Times -- "'Every decade or so,' said Paul Romer ... 'any finite system of financial regulation will lead to systemic financial crisis.'"

Excerpt from The New York Times -- "Some of that [higher education tuition] growth has resulted from a phenomenon called Baumol’s disease, after the economist William J. Baumol, who described it in a 1965 article he wrote with William G. Bowen. The basic idea is that while productivity gains have made it possible to assemble cars with only a tiny fraction of the labor that was once required, it still takes four musicians nine minutes to perform Beethoven’s String Quartet No. 4 in C minor, just as it did in the 19th century."

Excerpt from The Economist -- "'Apple needs to watch out for dividend addicts,' says Aswath Damodaran, a finance professor at New York University who owns Apple stock. Such shareholders, he adds, will be obsessed with extracting as much cash as possible from Apple rather than with its mission of making mind-blowing products."

Excerpt from CNBC -- "There are several euro-zone countries in trouble, including Italy and Spain, but Roubini sees Portugal as the weakest."

Professor Baruch Lev, author of "Winning Investors Over: Surprising Truths About Honesty, Earnings Guidance and Other Ways to Boost Your Stock Price" (HBR, November 2011), sat down with Gene Epstein, economic and book review editor at Barron’s, for a discussion about his research.

Excerpt from The Washington Post -- "'There’s kind of continued steady improvement in the employment situation,' said Tom Cooley, economics professor at New York University’s Stern School of Business. But, he added, 'It’s not anything like what we would like to see.'"

Excerpt from The Wall Street Journal -- "U.S. economic data are looking 'mixed' and the economic recovery is "anemic," economist Nouriel Roubini said Friday."

Excerpt from CNN Money -- "'The overall economy is still relatively weak,' said Larry White, professor of economics at the NYU Stern School of Business. 'We are clearly in a better position than we were two or three years ago, but the Fed will probably be steady as she goes well into 2013.'"

Excerpt from China Daily -- "'What we are about to go through is this incredible acceleration of the pace of urbanization in the developing world,' Romer remarked."