Faculty News

An excerpt from "Guaranteed to Fail," by NYU Stern faculty, is featured

Excerpt from National Review Online -- "Clearly, the United States is an outlier in its government involvement in mortgage markets, providing much more support than does any other country."
Faculty News

In an op-ed, Prof. Nouriel Roubini says Italy's debt must be restructured

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Excerpt from Financial Times, The A-List blog -- "It is increasingly clear that Italy’s public debt is unsustainable and needs an orderly restructuring to avert a disorderly default." Additional coverage appeared in CNBC, Bloomberg, Bloomberg Businessweek, Forbes, and Speigel.de.
Faculty News

Prof. Nicholas Economides on the role of the US Federal Reserve

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Excerpt from The Huffington Post -- "Ultimately everybody in the markets believes that the lender of last resort is really the Federal Reserve."
Faculty News

Prof. Paul Romer's plan for charter cities in Honduras is cited

Excerpt from Bloomberg -- "Let’s have the government allocate 20 of its more than 10,000 square miles of public land to build a charter city. We can call it Romerton after New York University economist Paul Romer, who is organizing a charter city for Honduras."
Faculty News

A speech by Prof. Sinan Aral on measuring influence in social networks is featured

Excerpt from YouTube -- "Sinan Aral is an Assistant Professor and Microsoft Faculty Fellow at the NYU Stern School of Business. He studies how behavioral contagions spread through social networks -- from products to productivity to public health."
Faculty News

Prof. Jonathan Haidt's research on morality is highlighted

Excerpt from Financial Post -- "Dr. Haidt notes that what makes morality — our notions of good and bad, and right and wrong — so hard to examine is the nature of morality itself, which has been a topic of philosophical inquiry since before Socrates." Additional coverage appeared in Financial Post.
Faculty News

Prof. Roman Weil is cited as a member of PCAOB's Standing Advisory GroupE

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Excerpt from Accounting Today -- "The Public Company Accounting Oversight Board has expanded the membership of its Standing Advisory Group to 42, and increased its members' terms from two years to three years."
Faculty News

Prof. Paul Romer is highlighted as a "growth thinker"

Excerpt from Christian Science Monitor -- "In a salute to Paul Romer and other growth thinkers, we believe that new ideas can and will arrive that will save the day so that we do not starve and do not suffer in a changing world."
Faculty News

Prof. Baruch Lev will speak at one of CFO Magazine's 2012 conferences

Excerpt from eYugoslavia -- "Speakers at each event are well-known leaders of finance and include the CFOs of major corporations as well as thought leaders in management, strategy, and innovation. Upcoming speakers include ... Baruch Lev, Philip Bardes Professor of Accounting and Finance, NYU-Stern ... "
Faculty News

Prof. Aswath Damodaran's book, "Investment Fables," is citedE

Excerpt from Motley Fool -- "For a company to be truly undervalued, Damodaran says in his book 'Investment Fables,' 'You need to get a mismatch: a low price-to-earnings ratio without the stigma of high risk or poor growth.'" Additional coverage appeared in another Motley Fool piece.
Faculty News

Nobel Laureate Prof. Michael Spence is highlighted for his work on information asymmetry

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Excerpt from Business Insider -- "Information asymmetry is a difficult problem to solve in financial markets, and George Akerlof, Michael Spence, and Joseph E. Stiglitz won the Nobel prize for Economics in 2001 for their work on the phenomenon through exploring economic inefficencies arising from differing, imperfect information levels between buyers and sellers of goods and services in the marketplace."
Faculty News

Nobel Laureate Prof. Michael Spence on the euro zone's threat to the global economy

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Excerpt from The Huffington Post -- "If you take a big chunk like Europe and turn it down, it would probably bring everybody else down, including us."
Faculty News

Prof. Daniel Altman on the demand for culture-bridging experts

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Excerpt from BigThink -- "According to economist and author Daniel Altman, culture-bridging experts will thrive economically well into the foreseeable future. As companies set up operations in new countries, they need bicultural middlemen – lawyers, fixers, and accountants among them – to smooth things over with the locals."
Faculty News

An op-ed by Prof. Viral Acharya on a global flight away from US treasuries

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Excerpt from Financial News -- "Corporate cash has become a potential source of flight capital in the marketplace, taking account of the failure of the super-committee to strike a deal on reducing the country’s debt."
Faculty News

Prof. Daniel Altman on the consumption power of the American people

Excerpt from Donga.com -- "Professor Daniel Altman at New York University Stern School of Business put the revival of the U.S. as the first of 12 trends that will reshape the global economy, based on the American people’s consumption power."
Faculty News

Prof. Jacob Jacoby on the impact of Black Friday sales

Excerpt from Technology Digital -- "These incidents are putting retailers 'in the black' -- as the companies compete for customers in a weak economy, said Jacob Jacoby, an expert on consumer behavior at New York University." Additional coverage appeared in Care2.com and Gamer.blorge.com.
Faculty News

Prof. Jeffrey Wurgler's research on low-volatility stocks is highlighted

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Excerpt from Bankrate.com -- "A recent study regarding low-volatility stocks, by Malcolm Baker of Harvard University and Jeffrey Wurgler of New York University in the Financial Analysts Journal, shows low-volatility stocks are less risky and have a higher return than the overall market." Additional coverage appeared on Fox Business and OurBusinessNews.com.
Faculty News

Prof. Paul Romer's research on accounting fraud is cited

Excerpt from Benzinga.com -- "The economists George Akerlof and Paul Romer wrote an article about accounting control fraud entitled 'Looting: the Economic Underworld of Bankruptcy for Profit.' They concluded the article with this passage about the criminogenic environment produced by S&L deregulation in the 1980s."
Faculty News

Prof. Anthony Karydakis on consumer borrowing habits

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Excerpt from Reuters -- "Slowly but steadily, consumers are exploring more normal ways of returning to a more normal pattern when it comes to borrowing habits."
Faculty News

Research Scholar Robert Frank's views on executive pay are cited

Excerpt from Holyrood.com -- “It’s no wonder that voters’ outrage over exorbitant executive pay is mounting. After all, the government just had to bail out financial firms that paid big bonuses last year to many of the same executives who helped precipitate the current financial crisis."
Faculty News

Faculty News

An interview with Nobel Laureate Prof. Michael Spence on jobs

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Excerpt from CNN -- "Hundreds of millions of people in the developing world have entered the global labor force which is in an - an increasingly a great global economy." Additional coverage appeared in Orlando Sentinel, The Boston Globe, and Los Angeles Times.
Faculty News

Prof Jacob Jacoby and Research Scholar Robert Frank on Black Friday deals

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Excerpt from Associated Press -- "There's the notion of scarcity — when something's scarce it's more valued. And a resource that can be very scarce is time: If you don't get there in time, it's going to be gone." Additional Coverage appeared in The Wall Street Journal, TwinCities.com, PressHerald.com, The Washington Post, USA Today, Hawaii Tribune, CBC.ca, AZCentral.com, Politico.com, NBC New York, Yahoo! News, Freep.com, among other outlets.
Faculty News

Prof. Viral Acharya on bank subsidies

Excerpt from Bloomberg -- “Banks don’t give lines of credit to corporations for free ... Why should all these government guarantees and liquidity facilities be for free?”
Faculty News

Prof. Richard Sylla on a check written by Abraham Lincoln

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Excerpt from The Wall Street Journal -- "This is a classic example of one bank acquiring another bank and coming up with some old records as a result."

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