Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the prospects for the European Union

Excerpt from Bloomberg TV -- "I think this is one of the many two-scenario situations where we could get a sufficient commitment from the European Union and the eurozone to prevent Italy from spiraling out of control even with a credible reform program or we could get some kind of deadlock in the process as they try to figure out what a fiscal union would look like and then I think most of us would probably want to take cover." Additional coverage appeared in Yahoo! Finance and Bloomberg Radio.
Faculty News

Prof. Hal Hershfield's research on retirement savings is featuredE

Excerpt from About.com -- "An assistant professor of Marketing at New York University's Stern School of Business, Hershfield found young people were more motivated to save for retirement when they saw older versions of themselves in a virtual world."
Faculty News

Prof. David Poltrack on the impact of DVR playback on late night TV

Excerpt from TV Guide -- "But the biggest change impacting late night is DVR playback, according to CBS research chief David Poltrack. Poltrack says DVR usage at 11:30 p.m. would collectively rate a 3.0 in adults 18-49, nearly doubling what Leno and Letterman rate combined."
Faculty News

Executive Board Member & Prof. Richard Bernstein on the global economic conditions

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Excerpt from Council on Foreign Relations -- "Experts analyze the current economic conditions around the world and discuss potential threats in 2012." Additional coverage appeared in Xinhua.
Faculty News

Prof. David Yermack's research on how Michelle Obama's fashion choices affect stock prices is cited

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Excerpt from The Huffington Post -- "'The stock price gains of the companies whose clothes she wore in public appearances are cumulative abnormal returns. That is, the returns cannot be attributed to normal market variations. The stock price gains persist days after the outfit is worn and in some cases even trend slightly higher three weeks later,' [Yermack] told Harvard Business Review."
Faculty News

Prof. Nouriel Roubini is cited as a contributor to "The Occupy Handbook"

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Excerpt from New York Observer -- "Little, Brown also just signed an Occupy anthology, "The Occupy Handbook," edited by Janet Byrne and including contributions from Paul Krugman and Robin Wells, Michael Lewis, Robert Reich, Nouriel Roubini, Robert Shiller, Barbara Ehrenreich, and Bethany McLean, among others."
Faculty News

Prof. Amity Shlaes on the GOP presidential candidates

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Excerpt from Marketplace Radio -- "This year the GOP is fielding plenty of new candidates. John Huntsman and Mitt Romney have not represented a state in Washington. But Newt Gingrich is gaining popularity. Newt is not new."
Faculty News

Prof. Roy Smith on Jon Corzine and MF Global's collapse

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Excerpt from Marketplace -- "He'd been out of the game for 10 years. And this is a very difficult game to leave for such a long time. Very hard to just go away for 10 years and come back and assume everything is the same."
Faculty News

Prof. Stephen Brown's research on hedge fund portfolio disclosure is cited

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Excerpt from The Wall Street Journal -- "Stephen Brown, a finance professor at New York University, says his research shows other investors don't lose out when investors like Mr. Buffett hide their stakes from the public. 'There's no way to make money' with a 'copycat' portfolio, he says."
Faculty News

Prof. Jonathan Haidt is featured for his research on morality

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Excerpt from Scientific American blog -- "Meet Jonathan Haidt, a professor ... who studies morality and emotion. If social psychology was a sport, Haidt would be a Phil Mickelson or Rodger Federer – likable, fun to watch and one of the best."
Faculty News

Prof. Nouriel Roubini on the outlook for global financial markets

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Excerpt from WNYC -- "A deep recession likely will lead to another financial panic that could spread around the world — an outcome that will be 'very painful,' [Roubini] said." Additional coverage appeared in NPR and The Huffington Post.
Faculty News

In an op-ed, Research Scholar Robert Frank proposes a progressive tax on household consumption

Excerpt from Slate -- "A progressive consumption tax may be our only politically realistic hope for ending the downturn quickly and limiting the growth in consumption inequality that has made life so much more difficult for the 99 percent." Additional coverage appeared on a Washington Post blog, Boston Review, Slate blog and Princeton University Press.
Faculty News

An op-ed by NYU Stern Faculty on what a euro zone collapse means for the US

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Excerpt from New York Post -- "The eurozone financial system is at serious risk of collapse — which would mean calamity for the US system, too. But our government’s not prepared."
Faculty News

Prof. Thomas Sargent is cited for receiving the 2011 Nobel Prize in Economics

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Excerpt from Associated Press -- "Sims and Sargent won the Nobel prize for research on the cause-and-effect relationship between the economy and government policy, which helps policymakers determine if governments should cut deficits or spend more to help invigorate the global economy." Additional coverage appeared in Financial Times.
Faculty News

An op-ed by Prof. Amity Shlaes on the plan to extend the payroll-tax holiday

Excerpt from Bloomberg -- "In the name of making Americans feel less bad about their situation now, lawmakers are proposing something that sounds good, but will actually make our financial future worse."
Faculty News

In an op-ed, Prof. Ralph Gomory discusses bringing manufacturing back to the US

Excerpt from The American Prospect -- "If we want a company to produce in the U.S., let’s reward companies for doing that, for producing more value-added within the U.S. Give them better tax rates."
Faculty News

Nobel Laureate Prof. Michael Spence explains how the US got out of the Great Depression

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Excerpt from The Washington Post -- "Michael Spence, the Nobel Prize-winning economist, points out that the United States got out of the Great Depression because of the spending associated with World War II but also because during the war, it dramatically reduced its consumption and expanded investments. People spent less, saved more and bought war bonds."
Faculty News

Prof. Gregory Furman on the Luxury Marketing Council’s new China chapter

Excerpt from Jing Daily -- "The functions of the China chapter are to be a thought leader in every segment of retail, consulting, and publishing so as to better serve the best customers, to better educate the best customers about what makes luxury worth the price." Additional coverage appeared in another Jing Daily piece.
Faculty News

Prof. David Poltrack on the outlook for broadcast advertising

Excerpt from Media Life Magazine -- "At yesterday's UBS media conference in New York Poltrack presented his forecast, which predicted that broadcast ad revenue will rise 7.3 percent in 2012." Additional coverage appeared in MediaPost.com, MediaPost, and MultiChannel.com.
Faculty News

Prof. Thomas Sargent is cited for winning the 2011 Nobel Prize in Economics

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Excerpt from Reuters -- "'A euro bond that was clearly backed by some kind of euro-wide fiscal authority would have the same kinds of advantages that U.S. treasury bills do now,' added Sims, who will share the 2011 Nobel prize for economics with Thomas Sargent."
Faculty News

Prof. Jonathan Haidt's term, "in-group loyality," is referenced

Excerpt from National Review -- "I am keenly aware that I am, in Jonathan Haidt’s terms, a person who prizes in-group loyalty very highly. This has defined my personal relationships, and also, I increasingly realize, my mental model of partisanship."
Faculty News

An op-ed by Profs Thomas Cooley, Matthew Richardson & Kermit Schoenholtz on the euro crisis

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Excerpt from Politico -- "Hamilton’s approach provides a roadmap for Europe to rescue not just the euro, but the entire euro-area financial system." Additional coverage appeared on Politico.
Faculty News

Faculty News

Prof. Bryan Bollinger's research on the diffusion of solar panels in California is cited

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Excerpt from The Washington Post -- "There’s a new paper out from Bryan Bollinger of NYU’s Stern School and Kenneth Gillingham of Yale finding that, in California, solar power seems to be contagious." Additional coverage appeared in Forbes.

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