Faculty News

Nobel Laureate Prof. Michael Spence on goods that are not easily outsourced

Excerpt from The Japan Times -- "What Nobel-winning economist Michael Spence calls non-tradable goods, such as hairdressers, plumbers, dentists, not easily outsourced because you have to have the customer present."
Faculty News

Nobel Laureate Prof. Michael Spence is cited as a member of the 21st Century Council

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Excerpt from The Huffington Post -- "Nicolas Berggruen is president of the 21st Century Council and Nathan Gardels is Sr. Advisor. The Council met in Paris October 26-27 to prepare recommendations for the G-20 Summit in Cannes this week. Among others, Council members include ... Nobel economist Michael Spence ... "
Faculty News

Prof. Nouriel Roubini on the outlook for China's economic growth

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Excerpt from Associated Press -- "Roubini, a New York University economist who runs a research firm, thinks China's authorities will use all those tools to keep the economy growing briskly through 2012."  Additional coverage appeared in Atlanta Journal Constitution, Yahoo! News, Albany Times Union and more than 17 additional outlets.
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on manufacturing globalization

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Excerpt from Foreign Affairs -- "The U.S. economy is certainly subject to powerful internal technological forces. But globalization is increasingly making its mark."
Faculty News

Prof. David Poltrack on the value of social media analytics for TV shows

Excerpt from MIT Technology Review -- "As Poltrack explained, real-world and online chatter—the 'exponential movement of a conversation through the population'—drives the success or failure of TV shows."  Additional coverage appeared in Warc.
Faculty News

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

Excerpt from Harvard Magazine -- "Seven alumni have been honored with 2011 Nobel Prizes. ... Thomas J. Sargent, Ph.D. ’68, of the Hoover Institution and Berkley professor of economics and business at NYU, and doctoral classmate Christopher A. Sims ’63, Ph.D. ’68, Helm professor of economics and banking at Princeton, shared the prize in economics."
Faculty News

In an op-ed, Prof. Ralph Gomory applauds Occupy Wall Street for demanding our attention

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Excerpt from The Huffington Post -- "For me the most remarkable thing about Occupy Wall Street is that it is not protesting against the government. ... they believe that Wall Street and the major corporations have Congress in their power; so they are going to where the power is and where they believe the problem originates."
Faculty News

Prof. George Smith on the US government's involvement in private companies

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Excerpt The Wall Street Journal -- "'It was never expected to be easy for the government to get out' of companies it rescued, says George Smith, a professor at New York University's Stern School of Business."
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the European debt crisis

Excerpt from France24 -- "Following a crunch summit of eurozone leaders which led to an agreement on Greek debt, Michael Spence, Nobel Laureate in Economic Sciences, tells Stéphanie Antoine why he thinks there is still a lot of work to be done and why the euro has still not been completely saved."
Faculty News

An interview with Prof. Arun Sundararajan on the criminal charges against Rajat Gupta

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Professor Arun Sundararajan was interviewed by NDTV (New Delhi TV), India's most popular news network about the criminal charges filed against former McKinsey CEO and Goldman director Rajat Gupta.
Faculty News

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

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Excerpt from The New York Times -- "Professor Sargent described himself as a scientist, a 'numbers guy' who is 'just seeking the truth' as any good researcher does."
Faculty News

Prof. William Baumol on innovation's contribution to GDP

Excerpt from Truthout -- "Another leading economist, William Baumol, calculated that 'nearly 90 percent ... of current GDP [gross domestic product] was contributed by innovation carried out since 1870.'"
Faculty News

Prof. Edward Altman on the European leaders' plan to solve the debt crisis

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Excerpt from Financial Times -- “The recent decisions will calm the markets but only in the short run. What needs to be addressed for a longer-term return to stability are strategies and implementation of means to address the fundamental issues like growth.”  Additional coverage appeared in Q Finance.
Faculty News

Prof. Lawrence White on the European Union's debt deal

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Excerpt from Xinhua -- "The politicians are trying to tell the markets: Look, we are prepared to step up... And so, markets, you should believe we will do the same thing with Portugal, with Spain, if necessary with Italy."
Faculty News

Prof. Baruch Lev's method for measuring the value of human capital is referenced

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Excerpt from The Huffington Post -- "Infosys (NASDAQ: INFY), the global technology company based in India, has measured the value of its human capital - a method co-developed by Professor Baruch Lev of NYU-Stern's School of Business - in its public and transparent annual reports for the past four years."
Faculty News

An interview with Prof. Nicholas Economides on Greece's political leadership

Excerpt from Bloomberg TV -- "Greece faces a number of problems. What happened with the writedown of the debt is useful, but you need to be able to get to a public sector surplus and they need to work very hard on that."  Additional coverage appeared on iStockAnalyst.com and giorgospapandreou.com.
Faculty News

Prof. Anindya Ghose & Panos Ipeirotis's research on online product reviews is featured

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Excerpt from Financial Times -- "In their paper, 'Deriving the pricing power of product features by mining consumer reviews,' published in Management Science, Anindya Ghose and Panagiotis Ipeirotis, associate professors in Stern’s department of information, operations and management sciences and Nikolay Archak a doctoral student, aim to estimate the 'economic impact of user-generated product reviews by identifying the weight that consumers put on individual evaluations and product features and estimating the overall impact of review text on sales.'"
Faculty News

"Guaranteed to Fail," by Stern faculty is named a "Top Business Book"

Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we must fix them."  Additional coverage appeared in Bloomberg Businessweek.
Faculty News

Data compiled by Prof. Aswath Damodaran on the effective tax rates for US companies is cited

Excerpt from MediaMatters.org -- "According to data compiled by Aswath Damodaran of NYU, the oil and gas distribution industry paid an effective U.S. income tax rate of 15 percent last year; the petroleum producing sector paid 8.5 percent; integrated petroleum companies paid 27 percent; oilfield services and equipment companies paid 16.5 percent; and the natural gas sector paid 15 percent."
Faculty News

Nobel Laureate Prof. Michael Spence on boosting per-capita income

Excerpt from ICIS -- "It takes 50 consecutive years of 7% annual growth for a country to boost per capita income from $500 to $20,000, says Nobel Prize-winning economist Michael Spence."
Faculty News

Nobel Laureate Prof. Michael Spence is cited as a member of the NBI’s 21st Century Council

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Excerpt from Xinhua -- "As G20 emerged as the most important inter-government global forum addressing international governance, the NBI established the 21st Century Council grouping elder statesmen and women like ex British Prime Minister Gordon Brown, Nobel Laureates like Michael Spence ... "  Additional coverage appeared in Shanghai Daily.
Faculty News

Prof. Roy Smith on "Big Bang," the opening of computerized trading in the London Stock Exchange

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Excerpt from Reuters -- "Big Bang was clearly the origin of the universe of the modern stock market and all financial transactions in Europe since then."  Additional coverage appeared on CNBC, Portfolio.com and FOX Business.
Faculty News

Prof. Nouriel Roubini on the euro zone's plan to solve its debt crisis

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Excerpt from The Wall Street Journal -- "The recession is already ongoing in the euro zone. People are going to say it's good financial engineering, but unless you have economic growth there is going to be a train wreck."  Additional coverage appeared on Bloomberg, Bloomberg Businessweek, two Reuters pieces and The Huffington Post.
Faculty News

A paper by Prof. Paul Romer on the state of growth economics is cited

Excerpt from The American -- "A 2009 paper by Stanford economists Paul Romer and Charles Jones summarized the state of growth economics. Two of the levers for growth policy (a meme worth replicating) are market scale and human capital."
Faculty News

Findings from a growth commission, headed by Nobel Laureate Prof. Michael Spence, are cited

Excerpt from Business Recorder -- "The Growth Commission headed by Michael Spence showed that post-World War-II period, there were 13 countries that sustained above 7 percent growth rate across two decade or more which in turn brought down poverty."

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