Faculty News

Prof. Thomas Philippon on France's recently elected president, François Hollande

Excerpt from Bloomberg Businessweek -- "He may head France’s Socialist Party, but 'there is not a chance in the world that Hollande would try to implement old-fashioned socialism in France,' says Thomas Philippon, a French citizen and adviser to the Hollande campaign who is an economist at New York University’s Stern School of Business."
Faculty News

Prof. Nouriel Roubini predicts Greece will exit the euro zone

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Excerpt from CFO Magazine -- "Economist Nouriel Roubini ... comments on Twitter that the result of the Greek election is 'much more serious than the French one as the former leads to chaos while Hollande will turn out to be a moderate.' Not only is Greece’s continuing membership in the European Union now 'at risk,' Roubini says, a 'negotiated exit' is the only option to restore growth in that country."
Faculty News

Prof. Paul Romer's TED talk on charter cities in Honduras is featured

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Excerpt from NPR -- "Paul Romer, an economist at NYU, came up with the idea: Establish a special zone in an impoverished country, and import the legal and political system from one or more rich countries."
Faculty News

Prof. Lawrence White on Fannie Mae and Freddie Mac

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Excerpt from Bloomberg -- "Lawrence White, an economics professor at New York University’s Stern School of Business, said it may be a long time before the two companies, which are now essentially paying interest to Treasury, can significantly reduce their debt."
Faculty News

In an op-ed, Prof. Nouriel Roubini discusses a bailout for Spanish banks

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Excerpt from Financial Times -- "Ideally, a bailout for Spanish banks should come immediately and in the form of direct capital injections from the EU bailout funds."
Faculty News

Prof. Paul Romer is featured for implementing his charter cities theory in Honduras

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Excerpt from The New York Times Magazine -- "Romer, who is expected to be chairman, is hoping to build a city that can accommodate 10 million people, which is 2 million more than the current population of Honduras. His charter city will have extremely open immigration policies to attract foreign workers from all over."
Faculty News

Prof. Scott Galloway on Michigan's governor, Rick Snyder

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Excerpt from Reuters India -- "'This is a guy who got along with the board, who got along with employees and who got along with Ted Waitt as the stock went from $80 to a buck,' said Scott Galloway, a well-known activist investor and marketing professor at New York University who was on Gateway's board at the time."
Faculty News

Prof. Melissa Schilling is featured for her research on cognitive insight

Excerpt from IEDP blog -- "What brings about the ‘aha’ moment, when the strategy puzzle suddenly falls into place? Melissa Schilling of NYU Stern School of Business, has studied this process and discovered that often it happens when an unlikely association of ideas occurs through a random yet purposeful search that then creates a ‘shortcut’ to seeing a new pattern or system."
Faculty News

Prof. Nicholas Economides on the Greek elections

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Excerpt from Bloomberg Radio -- "I think they need one more party at least to be able have a viable coalition and the most likely candidate is a party called Democratic Left which is against the austerity but maybe not as strong in that respect as the other parties."
Faculty News

Nobel Laureate Prof. Thomas Sargent on the derivatives market

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Excerpt from Financial Times -- "'It’s the paradox of a free market,' Mr. Sargent said. 'Markets are great, they function very well, but nobody has the incentive to create the set of rules.'"
Faculty News

Prof. Arun Sundararajan on Facebook's valuation

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Excerpt from US News & World Report -- "'The valuation [of Facebook] does seem high relative to their most recent revenues. However, I don't think the optimism is unwarranted,' says Arun Sundararajan, an associate professor of Information, Operations and Management Sciences at NYU's Stern School of Business."
Faculty News

Nobel Laureate Prof. Robert Engle is profiled

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Excerpt from Risk Magazine -- "Unlike many in the quantitative finance world, Robert Engle, the Michael Armellino professor of finance at New York University (NYU) is no physicist or mathematician – he is an economist through and through. Before going into finance, he worked in urban economics and econometrics, and even studied the effect of weather on electricity demand ... "
Faculty News

Prof. Nicholas Economides on political parties opposed to austerity in Greece

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Excerpt from Bloomberg TV -- "There's a whole bunch of [anti-austerity parties in Greece], both from the left and from the right. ... They don't like the present situation, they want to change it, but they don't have any concrete plans, except possibly some would say Greece would leave the euro."
Faculty News

Prof. Nouriel Roubini shares his global economic outlook

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Excerpt from CNBC -- 'People who believe that in five years we’re going to be energy-independent are deluding themselves. It’s going to be a 10- to 20-year story,' he said."
Faculty News

Prof. Samuel Craig on the options for online TV content providers

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Excerpt from Marketplace -- "If you sell more ad time you increase the clutter, it becomes less desirable as a watching experience place for consumers. So you're ultimately between a rock and a hard place."
Faculty News

Executive-in-Residence Sheila Wellington on the role of a CEO's executive assistant

Excerpt from Chief Executive Magazine -- "'Anything that can be delegated so that the executive assistant can focus on the CEO's needs saves the CEO time,' says Sheila W. Wellington, clinical professor of management and organizations at New York University's Stern School of Business."
Faculty News

Professor Arun Sundararajan's research on India's UID and entrepreneurial activity

Excerpt from Innovation News Daily -- "'There are going to be much more reliable ways of people keeping track of and demonstrating human capital in ways that I haven't seen in any other country,' Sundararajan told InnovationNewsDaily."
Faculty News

Dean Geeta Menon on an anti-childhood obesity ad campaign

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Excerpt from The New York Times -- "Geeta Menon, a professor of marketing and dean of the undergraduate college at the Stern School of Business at New York University, said she liked the ads’ suggestion of 'tactical things people can do to be healthier.'"
Faculty News

Nobel Laureate Prof. Robert Engle suggests higher US inflation rates

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Excerpt from Bloomberg -- “A little bit of inflation would do a whole lot of good for the U.S. economy, would certainly do a lot of good for the housing market.”
Faculty News

Nobel Laureate Prof. Robert Engle on bank regulation

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Excerpt from Bloomberg -- "I think one of the real dilemmas in bank regulation is that so much of it's based on accounting numbers. And the accounting numbers don't typically reflect market values and the forward-looking views of financial investors."
Faculty News

Prof. Tulin Erdem observes changes in classic advertising agencies

Excerpt from CRM Magazine -- "'Everything is about the integration across different communication channels, and many classic advertising agencies now offer consulting or creative services in all domains,' Erdem observes."
Faculty News

Prof. Paul Romer is featured for his idea to create charter cities in developing countries

Excerpt from Development Asia Magazine -- "'Instead of focusing on poor nations and how to change their rules, we should focus on poor people and how they can move somewhere with better rules,' [Romer] wrote in 2009. 'One way to do this is with dozens, perhaps hundreds, of new 'charter cities,' where developed countries frame the rules and hundreds of millions of poor families could become residents.'"
Faculty News

A course taught by Prof. William Baumol on economic theory is highlighted

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Excerpt from The Atlantic -- "Thanks to Professor Baumol's friendly but demanding tutelage, I gained a quiet confidence that was (is) a gift of incredible value. An impersonal educational setting, or studying with a much less gifted teacher, would not have permitted that kind of learning."
Faculty News

Prof. Thomas Philippon's Eurobills proposal is featured

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Excerpt from Bloomberg -- "The Eurobills proposal put forward by Christian Hellwig, a professor at Toulouse School of Economics, and Thomas Philippon, an associate professor of finance at New York University’s Leonard N. Stern School of Business, calls for a European debt management office as the monopoly seller of euro-denominated bills."

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