Faculty News

Prof. Paul Romer's research on the importance of processes, rules and systems is highlighted

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Excerpt from The New York Times -- "You can make a good argument — as Romer and others do — that the greatest opportunities for progress today lie with better rules and systems. Improving schools is more about process than laptops." Additional coverage appeared in Nassau Guardian.
Faculty News

Prof. Jonathan Haidt is highlighted for his research on how people behave in society

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Excerpt from Forbes -- "Interesting new research about how people think, behave and operate in society is quickly repackaged for broader audiences. The new literati of the genre include David Brooks, Jonathan Haidt, Dan Ariely, and Daniel Kahneman."
Faculty News

Prof. Matthew Richardson on the Basel III Accords and the Fed's capital proposal

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Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”
Faculty News

Prof. Amity Shlaes is highlighted for dining with George W. Bush

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Excerpt from New York Post -- "George W. Bush dined at Robert at Columbus Circle with John and Margo Catsimatidis, Henry Kravis, Chris Ruddy, Ambassador Bruce Gelb, Ambassador Brenda Johnson, Seth Lipsky, Amity Shlaes and Alexandra Preate."
Faculty News

Research Scholar Robert Frank's Toil Index is highlighted

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Excerpt from Washington Post -- "My entry is the attached graph of what I call the Toil Index. It's an index I constructed to portray the most dramatic element of the middle-class squeeze -- the effort required to rent a house served by a school of average quality. "
Faculty News

Prof. Nouriel Roubini on Italy's debt problems

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Excerpt from Forbes -- "The size of Italy’s debt burden has precluded an official sector backstop up to this point, and debt restructuring may indeed be too much for the French banking system to handle."
Faculty News

Nobel Laureate Prof. Michael Spence on the outlook for US economic power

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Excerpt from Council on Foreign Relations -- "We're entering a period in which our economic power and national influence are going to be more broadly spread out. And we'll need help to manage the whole operation in terms of security and economic balance and sustainability -- but we're going to have to figure out how to do it together, without being a dominant player."
Faculty News

An op-ed by Prof. Evan Shapiro on how "TV time" brings his family together

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Excerpt from The Huffington Post -- "In my humble opinion, 'TV Time' is a crucial tool to re-open the lines of communication and tear down the silos we've built around ourselves."
Faculty News

In an op-ed, NYU Stern faculty say the euro is not even close to being saved

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Excerpt from The Huffington Post -- "There is only one relevant question with respect to last week's summit in Europe on saving the euro: Is it enough to halt or reverse the run on the European banking system? Not even close."
Faculty News

Prof. Xavier Gabaix on consumer myopia

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Excerpt from Kiplinger's -- "'When I went from paying for the extras to buying just the bare-bones wash and saving a ton of money, I transitioned from being a myope to being a sophisticate,' according to Harvard economics professor David Laibson and now NYU economics professor Xavier Gabaix." Additional coverage appeared in NASDAQ.
Faculty News

Prof. Michael Jung's research on investors' access to management is featured

Excerpt from The Economist -- "Bushee and co-authors Michael J. Jung and Gregory S. Miller define selective access as the opportunity for investors to meet privately with management in individual or small group settings at invitation-only investor conferences."
Faculty News

Nobel Laureate Prof. Michael Spence's research on US job creation is cited

Excerpt from The Economist -- "If we go back and look at the paper by Michael Spence and Sandile Hlatshwayo on net job creation, we see that while non-tradable sectors have been responsible for nearly all of the economy's employment growth since 1990, the tradable sector has generated the bulk of the economy's increase in value added."
Faculty News

Research Scholar Robert Frank on taxation

Excerpt from Slate -- "Taking their money and giving it to people who need it more produces a much more efficient allocation of society's material resources. That's why Robert Frank and many of the rest of us think a steeply progressive consumption tax would be a big winner for America."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is highlighted

Excerpt from The Fiscal Times -- "As Robert Frank explains in his book 'The Darwin Economy,' requiring the rich to pay a larger share allows us to have more goods and services than we would have with a more equal tax structure – we can make everyone better off – and this improves economic efficiency."
Faculty News

Faculty News

Prof. Joel Rubinson on belief repositories

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Excerpt from Business Insider -- “Belief repositories are fueled by hard evidence but can lead marketing teams to make investments where no experiment or marketing mix model has yet been run.”
Faculty News

Prof. Aswath Damodaran on stock yields

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Excerpt from The Globe and Mail -- "According to data from New York University finance professor Aswath Damodaran, the average earnings yield for the S&P 500 from 1960 to 2010 was 6.86 percent."
Faculty News

Prof. Nouriel Roubini is highlighted for his views on China

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Excerpt from Forbes -- "Famous names like Paul Krugman and Nouriel Roubini are highly cautious on China, and well known CNBC guest and hedge fund manager, Jim Chanos, has been whistling by China’s grave before the dead body even arrives." Additional coverage appeared in another Forbes piece.
Faculty News

Prof. Richard Sylla on the oldest US bank

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Excerpt from Boston Globe -- ‘‘My personal view is we ought to regard Bank of New York as the oldest bank. The other two banks, North America and Massachusetts, were taken over by others, and so they have less of a claim to ‘oldest US bank.'"
Faculty News

In an op-ed, Prof. Nouriel Roubini says policy makers must start making the tough decisions

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Excerpt from Financial Times -- "If the world’s biggest economies continue to play the same game and try to kick the cans further down the road for another year, the cans will become bigger and heavier and eventually hit a brick wall." Additional coverage appeared in Reuters blog, CNBC, and Handelsblatt.
Faculty News

Prof. Stephen Figlewski on volatility

Excerpt from The Options Insider -- "Volatility Viewpoint: Mark and Don discuss volatility with Stephen Figlewski, Professor of Finance at NYU's Stern School of Business, founding editor of the Journal of Derivatives, and Director at the Nasdaq OMX Derivatives Research Project."
Faculty News

Prof. Jennifer Bergenfeld will lead a webinar on the best practices to follow when advising a CEO

Excerpt from Wireless News -- "The webinar is led by an expert on general counsel best practices for advising their CEO, Jennifer Bergenfeld (Professor, New York University's Stern School of Business), and focuses on: Everything you need to know in 60 minutes about best practices for general counsel to follow when advising their CEO. ... "
Faculty News

An interview with Prof. Scott Galloway on the patent-infringement ruling against HTC

Excerpt from Bloomberg TV -- "I think the endgame here isn't against HTC and it's not to keep certain HTC phones out of the US, I think largely they're looking for the entree and the legal justification to go after all Android phones which arguably, legally this now sets a precedent for."
Faculty News

Prof. Jonathan Haidt on social disgust

Excerpt from Business2Community.com -- "Social disgust can then be understood as the emotional reaction people have to witness­ing others moving 'down,' or exhibiting their lower, baser, less God-like nature." Additional coverage appeared in 435 South Magazine.
Faculty News

Prof. Jonathan Haidt's forthcoming book, "The Righteous Mind," is cited

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Excerpt from The Atlantic -- "Liberals should not, as Jonathan Haidt argues in his forthcoming "The Righteous Mind," condescend to conservatives or ignore the advantages of their lifestyles."

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