Experience Stern | News & Events

Excerpt from Livemint -- "When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation and defaults on debts."

Excerpt from Project-Syndicate -- "The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies." Additional coverage appeared in The Wall Street Journal blog, Gulf News, Alarabiya and Slate.

Excerpt from Xinhua -- "I think it's perfectly natural that Chinese growth is going to slow down. The more successful and developed a country becomes, the growth rate generally starts slowing down. We expect that to be a natural trend. That's a sign of success by the way, not of problems."

Excerpt from Insurance News Net -- "The extent and timing of an issuer's access to capital markets depends on both demand and supply side factors. On the demand side are the number, wealth, intelligence, liquidity-and risk-appetites, and confidence of investors, which affects market liquidity, as well as the attractiveness of opportunities to spend or invest their money elsewhere."

Excerpt from New York Post -- "FirstMark Capital, founded by managing director Lawrence Lenihan, announced the fundraising on its Web site yesterday."

Excerpt from Bloomberg -- "So it’s official. The New York Times, or at least columnist Paul Krugman, has declared us to be in a worldwide depression. And just in time for Christmas." Additional coverage appeared in San Francisco Chronicle, The Jakarta Globe, DelawareOnline.com and Press Democrat.

Excerpt from GFS News -- "Viral Acharya, an economics professor at New York University, says ring-fencing requirements are not the priority tool for preventing another financial crisis and should be looked at as part of a group of rules."

Excerpt from Downtown Express -- "'We need to absolutely make sure that the Peck incubator will fit in Tweed for all three years,' echoed Eric Greenleaf, a business professor at New York University whose student enrollment projections indicate severe overcrowding in Downtown schools in the years to come."

Excerpt from Financial Times -- "It is a shame that Prof Kay’s macroeconomic education stopped in the 1970s. He might find more recent work to his liking, including Prof Sargent’s work (with Lars Hansen) on behaviour when you are not sure how the world works."

Excerpt from The Huffington Post -- "In fact, American TV is stronger now than ever, with no signs of slowing down. Rather than destroying television, these 'disruptive' technologies have created something new called 'TV,' which is more potent, more vital and more important than at any point since the first black and white broadcasts." Additional coverage appeared in Popbytes.com.

Excerpt from Bloomberg TV -- "It's inspired by Germany, it's a way to go forward with much more discipline. I'm afraid though that the way it was set up, it was almost blackmail fashion. You have to accept it, or if you don't accept it the financial markets are going to eat you alive."

Excerpt from The Wall Street Journal -- "To use an American analogy recently promoted by Nobel laureate and New York University economist Thomas Sargent, the 17 have been trying to fix their debt and banking problems under the equivalent of the Articles of Confederation, not the Constitution."

Excerpt from Newstrack India -- "Last year we did a small conference around this time, Michael Spence was the international speaker."

Excerpt from Business Insider -- "Keene also shared his seasonal reads with us. For the winter he's all over Daniel Kahneman's Thinking Fast and Slow, and his book for the fall was Michael Spence's, The Next Convergence: The Future of Economic Growth in a Multispeed World."

Excerpt from The Huffington Post -- "American banks' vulnerability to the crisis in Europe is 'substantial across the board,' said Nicholas Economides, economics professor at New York University's Stern School of Business."

Excerpt from The New American -- "'From 1929 to 1940, from Hoover to Roosevelt, government intervention helped make the Depression Great,' writes Amity Shlaes in 'The Forgotten Man: A New History of the Great Depression.'" Additional coverage appeared in Belleville News Democrat and American Spectator blog.

Excerpt from Princeton University -- "Princeton University professor Christopher Sims accepted his Nobel Prize in economics Dec. 10 during a ceremony at the Stockholm Concert Hall in Sweden. The prize was awarded to Sims along with Thomas Sargent, a New York University economist and visiting professor this semester at Princeton, for developing tools to analyze the economic causes and effects of monetary policy."

Excerpt from Financial Times -- " ... 'rational expectations' practitioners, of whom Thomas Sargent is an acknowledged leader, might claim to derive inspiration from von Hayek’s earlier work on the role of markets and the use of knowledge in society (American Economic Review, 1945)."

Excerpt from CBS News -- "Smaller U.S. companies are starved for capital much the way that emerging markets, energy and commodities were 10 years ago." Additional coverage appeared in Business Insider.

Excerpt from New York Times -- "If government is inevitable, why not try to create the most effective one possible? Success requires focus and hard work, which in turn require dedicated and competent public servants. But experience shows that it’s possible."

Excerpt from Financial Times -- "According to a study this year by Michael Spence, a Nobel Prize-winning economist from Stanford University, and Sandile Hlatshwayo, all net job creation since 1990 has been in the 'non-tradable sector.'" Additional coverage appeared in US News & World Report.

Excerpt from Associated Press -- "Americans Christopher Sims and Thomas Sargent won the economics prize for describing the cause-and-effect relationship between the economy and government policy." Additional coverage appeared in Arirang News, Reuters Africa, Bloomberg, Gulf News, and MSNBC Photo blog.

Excerpt from The Economist -- "The Honduran regions are modelled on a concept called 'charter cities' developed by Paul Romer, an economics professor at New York University. The principle is simple: take a piece of uninhabited land big enough for a city of several million, govern it by well-tried rules and let those who like the idea move there."

Excerpt from The Economist -- "Amity Shlaes, an economic historian, argues that 'government intervention helped make the Depression Great.'" Additional coverage appeared in Crain's New York Business and PBS Newshour.

Excerpt from The Huffington Post -- "To actually resolve the liquidity crisis, Economides said, either the ECB would need to ramp up its purchase of government bonds, or the European Financial Stability Facility and the European Stability Mechanism -- two bailout funds -- would have to be expanded to contain enough money to be capable of bailing out both Italy and Spain and still have some money left over."