Faculty News

Prof. Aswath Damodaran's course webcasts are highlighted

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Excerpt from Forbes India -- "Pioneering teachers: Such as Aswath Damodaran of New York University’s Stern School of Business, who has been doing webcasts of his immensely popular courses on valuation and corporate finance for several years."
Faculty News

Prof. Gian Luca Clementi on the impact of Italy's election on the eurozone

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Excerpt from CNC World -- "What is important in order to predict what's going to happen in the near future is what is going to be the willingness of the party or coalitional party that emerges a winner from the next election to actually implement those reforms."
Faculty News

Prof. Rosa Abrantes-Metz on Libor

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Excerpt from Bloomberg -- “'Libor is just the beginning,' said Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc., an associate professor at New York University’s Stern School of Business and co-author of 'Libor Manipulation?' a paper published in August 2008."
Faculty News

Prof. Gian Luca Clementi participated in DealBook's Post-Election Conference

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Excerpt from The New York Times -- "Fixing Europe will not be easy or fast, according to the panel’s members. Mr. Clementi says that he isn’t expecting the demise of a European nation or a 'catastrophe' anytime soon, but he thinks that an Italy or a France or a Spain will suffer from what he calls a depression."
Faculty News

Prof. Anthony Saunders on global bank regulation

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Excerpt from the Australian Financial Review -- "'Why should you invest in a bank when the return on equity will be so low?' Professor Saunders said in a speech to a Financial Services Institute of Australia conference. 'Why not just invest in a public utility like a gas company?'"
Faculty News

Prof. Sam Craig on Pepsi's partnership with Beyoncé

Excerpt from the New York Daily News -- "'Letting the talent be part of the process and letting her connect with the audience achieves that and moves beyond her simply being a puppet,' added Craig, director of the Entertainment, Media and Technology Program at NYU's Stern School of Business."
Faculty News

Prof. Marti Subrahmanyam participated in a Forbes panel on innovation in financial services

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Excerpt from Forbes -- "My co-host in the discussion about financial innovation was Prasad Chintamaneni, the head of global markets, banking and financial services at Cognizant. We were joined by Raj Dhinsa, a managing principal at Verizon's financial services practice, Marti Subrahmanyam, the Charles E. Merrill professor of finance at Stern School of Business at New York University and Steven Liles, a senior vice president of enterprise automation and innovation at BB&T Corp. in Winston-Salem, N.C."
Faculty News

Prof. Arun Sundararajan on regulation in the sharing economy

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Excerpt from TechCrunch -- "For Sundararajan, the sharing economy provides a way for real-world assets to be disaggregated in space and time and repackaged into standalone services. That’s disrupted the scope of what can be disrupted by digital tools, and allows people to time-share goods that would otherwise go unused at certain times."
Faculty News

In an op-ed, Research Scholar Robert Frank explains why the fiscal cliff is a fiscal slope

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Excerpt from The New York Times -- "Getting to January without a deal would cause anxiety that everyone wants to avoid — especially Republicans, since opinion polls suggest that most voters will blame them if negotiations break down. But the president and Republicans would prefer to reach agreement now on whatever they would be willing to agree to after new year."
Faculty News

Prof. David Backus on the manufacturing and housing job sectors

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Excerpt from the Huffington Post -- "'Manufacturing and housing are the most cyclical sectors of the economy,' said David Backus, chair of the economics department at NYU's Stern School of Business. 'What you see in a typical recession is that they're going to go down a lot and then they're going to go back up a lot. The latter hasn't happened yet.'"
Faculty News

Prof. Jonathan Haidt's research on the effects of emotions on experience is featured

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Excerpt from Science Daily -- "Research on the experience-altering nature of emotion has typically focused on nonperceptual experience, such as changes in cognitive appraisals. It is clear, however, that these influences extend to perception,' the researchers conclude."
Faculty News

Prof. Robert Engle on the volatility of the financial markets

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Excerpt from Bloomberg -- "When you look at the volatility numbers, what you see is actually very surprising. Volatility has been declining of broad market assets like the S&P and the Dow and so forth in the US but also in Europe."
Faculty News

Prof. Nouriel Roubini's postive outlook on Greece is featured

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Excerpt from the Wall Street Journal -- "'To keep Greece in the euro zone, effectively you need a transfer union, you have to realize that the problems of Greece are long-term, it’s going to take 10 to 20 years to do the austerity and the reform to stabilize Greece and therefore you have to give money and you have to be patient,' Mr. Roubini said."
Faculty News

Prof. Nouriel Roubini on the fiscal compact in the eurozone

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Excerpt from Bloomberg -- "'Next year we are also going to have austerity in the core of the euro area because the newly agreed fiscal compact says that even Germany, Netherlands, Belgium, Finland and Austria have to cut their deficits,' Roubini told reporters at a conference today in Berlin organized by IG Metall, Germany’s biggest trade union."
Faculty News

Prof. Arun Sundararajan on peer-to-peer car sharing

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Excerpt from USA Today -- Now that RelayRides and other companies are starting to inch beyond San Francisco, ride sharing has gone from "niche" to "on its way to becoming mainstream," says Arun Sundararajan, a professor at New York University's Stern School of Business.
Faculty News

Prof. Belén Villalonga on family-controlled public companies

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Excerpt from Forbes -- "'Family ownership is actually good,' Villalonga told me. 'It’s better having power more concentrated, and owners more committed."
Faculty News

Profs Haidt, Roubini & Romer highlighted for being in Foreign Policy's Top 100 Global Thinkers list

Excerpt from Bloomberg BusinessWeek -- "Nouriel Roubini, Jonathan Haidt, and Paul Romer, professors at New York University’s Stern School of Business, were each named one of Foreign Policy magazine’s top 100 Global Thinkers for 2012 (@NYUStern, 11/26)."
Faculty News

Prof. Steven Koonin on NYU's Center for Urban Science and Progress

Excerpt from the New York Daily News -- "CUSP will address the challenges facing cities, including infrastructure, tech integration, energy efficiency, transportation congestion, public safety and public health, Koonin said."
Faculty News

Prof. William Silber's book, "Volcker: The Triumph of Persistence," is named a best book of 2012

Excerpt from Bloomberg -- "Silber delivers just the right amount of human portrait to make his main story engrossing: how the U.S. left the gold standard at the start of the 1970s; how it simultaneously lost control of inflation; and how it regained monetary credibility under Volcker’s Fed chairmanship from 1979 on."
Faculty News

In an op-ed, Prof. Arun Sundararajan recommends deregulating digital taxi services

Excerpt from the New York Daily News -- “The city has taken important strides towards becoming a tech-friendly place... Now it’s time for City Hall to take its tech-friendliness further and deliver more of its benefits to the average New Yorker. Deregulating digital taxi services would be a good place to start.”
Faculty News

Prof. Joe Foudy on the potential effects of the fiscal cliff

Excerpt from the New York Daily News -- "'Suddenly everyone is going to see their paycheck go down and that’s going to slow consumer spending,' said associate professor of economics Joe Foudy, at the New York University’s Stern School of Business."
Faculty News

Prof. Thomas Cooley discusses the fiscal cliff

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Excerpt from the Financial Times -- "I think that the worst consequence of the fiscal cliff is that it's really taking attention away from what really needs to be done for the long run."
Faculty News

Prof. April Klein on companies that shrink their cash holdings

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Excerpt from Nightly Business Report -- "I know they say you can't be too rich or too thin, but companies can in fact be too rich and sometimes you want to shrink out the cash."
Faculty News

Prof. Thomas Cooley on banks that avoid regulation

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Excerpt from Reuters -- "'What we are seeing now is a gamesmanship dance in which firms do whatever they can to avoid regulation, which is an age-old phenomenon,' said Thomas Cooley, a professor of economics at New York University's Stern School of Business."
Faculty News

Prof. William Baumol's Cost Disease theory is cited

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Excerpt from the Star Tribune -- "The concept comes from economist William Baumol, whose groundbreaking work studying the arts in the 1960s with a Princeton University colleague led to his simple observation that productivity gains in the performing arts are all but impossible to achieve."

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