Faculty News

In an interview, Prof. Amity Shlaes discusses criticism of the Fed

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Excerpt from Marketplace -- "The solution is a new Fed law that narrows the Fed's mandate to keeping money stable. Then the critics won't need to vilify the Fed head, whether it's Ben Bernanke, or someone else."
Faculty News

Prof. Nouriel Roubini says the US and euro region have already reached recession

Excerpt from Bloomberg -- "The U.S. and most of the euro region are already in recession, Nouriel Roubini, the economist who predicted the U.S. housing bubble that started the last slump, told the Bloomberg Dealmakers Summit in New York on Sept. 27."  Additional coverage appeared in Forbes, Reuters, The Huffington Post, CNBC, Bloomberg and Bloomberg Businessweek.
Faculty News

Nobel Laureate Prof. Michael Spence recommends Greece exit the euro zone

Excerpt from Bloomberg -- "The only solution is an orderly exit from the euro that allows Greece to lower costs and regain competitiveness, Spence was quoted as saying."
Faculty News

Prof. Richard Sylla on the history of US interest rates

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Excerpt from The Wall Street Journal -- "Average long-term government interest rates hit a monthly low of 1.85% in 1941, according to an interest-rate history co-written by Mr. Sylla."  Additional coverage appeared in Dunwoody Crier.
Faculty News

Prof. Scott Galloway on the relationship between digital IQ and shareholder value

Excerpt from Adweek -- "There’s a stronger correlation than we anticipated between digital IQ and revenue growth and, ultimately, shareholder value.”
Faculty News

Prof. Scott Galloway on the advertising strategies of popular social media platforms

Excerpt from Bloomberg TV -- "At the end of the day, these platforms offer brands the opportunity to establish direct relationships and the existing ad model is more around renting consumers from a media property..."
Faculty News

An interview with Prof. Nouriel Roubini on the European debt crisis

Excerpt from Bloomberg TV -- “You need a huge bazooka of at least 2 trillion euros, but you can’t wait three months. You have to do it in the next few weeks.”
Faculty News

Prof. Eli Bartov on the tax write-offs received for donations to the Kashmiri American Council

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Excerpt from The Atlantic -- "At minimum, the write-offs violated U.S. tax laws, experts said. 'That's not allowed,' said Eli Bartov ... 'You can only get the deduction if you make the contribution.'"  Additional coverage appeared in ProPublica.
Faculty News

Prof. Gavin Kilduff's research on rivalry and competition is featured

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Excerpt from Financial Times -- "Co-author Gavin Kilduff of New York University’s Stern School of Business told me that publicity for the game could further stoke up the antagonism. But the study also warns that intense corporate rivalry, as distinct from mere competition, 'opens up the possibility of economically irrational behaviour' including 'an unwillingness to co-operate with rivals even when it is instrumentally beneficial.'"
Faculty News

Prof. Stijn Van Nieuwerburgh on how give US households debt relief

Excerpt from iStockAnalyst.com -- "Banks need to be induced to write down the principals on mortgages and give households debt relief so they can resume spending." Additional coverage appeared on ABC News.
Faculty News

An interview with Prof. Nicholas Economides on the Greek economic crisis

Excerpt from NTN24 -- "Nicholas Economides, an adviser to the Federal Trade Commission USA, Greece, Ireland, New Zealand, Portugal and the Central Bank of Greece, spoke to NTN24 about the goals of this year and how they will suffer the eurozone (translated from Spanish to Engish)."
Faculty News

Member of the NYU Stern Executive Board and Prof. Richard Bernstein (MBA '87) is featured

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Excerpt from MarketWatch -- "'Investors today are looking for ways to maximize returns while managing risk,' said Mr. Bernstein."  Additional coverage appeared on 4-traders.com.
Faculty News

Prof. Lasse Pedersen is cited as a member of the AQR Insight Award Committee

Excerpt from PR Newswire -- "AQR Capital Management, a $40-billion asset management firm with a particular focus on alternatives, today announced a new award for applied academic papers in finance: The AQR Insight Award. This $100,000 annual competition seeks to identify the current academic finance papers that have the most significant practical implication for investors."  Excerpt from PIOnline and Insurance News Net.
Faculty News

Prof. Lawrence Lenihan on the IPO market

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Excerpt from a Wall Street Journal blog -- [A]s an industry (both technology and venture), we are like the jilted lover who, after 20 years still stares longingly out to the horizon, waiting for our soulmate to return….The public markets as they exist today are never going to be what they were and we need to recognize this and change accordingly.”
Faculty News

Prof. Lawrence White on doing business in New York

Excerpt from Washington Square News -- "New York is a state with relatively high taxes, high costs and lots of regulation, [and] businesses generally would prefer less of all [these] things."
Faculty News

Profs Robert Engle and Michael Spence are cited as past winners of the Nobel Prize in Economics

Excerpt from LiveScience -- "Economics wasn't on the original list of prizes envisioned by Alfred Nobel. In 1968, Sweden's central bank, Sveriges Riksbank, donated money to the Nobel Foundation to extend a prize to economists. In 1969, the first Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded according to the same criteria used for the original prizes."  Additional coverage appeared on SIgnonSanDiego.
Faculty News

Prof. Nouriel Roubini advises Europe to earmark more funds to arrest its fiscal crisis

Excerpt from Bloomberg -- "Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) 'bazooka' before time runs out, said Nouriel Roubini." Additional coverage appeared on Bloomberg.
Faculty News

Prof. Amity Shlaes on the business sense of past US presidents

Excerpt from The Denver Post -- "The historical record suggests that a president who is good for business isn't always the same as a president who is a businessman."
Faculty News

Prof. Daniel Altman on Chinese corporate structures

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Excerpt from The Telegraph -- "Chinese corporate structures remain very rigid, and, according to Daniel Altman, a consultant at Dalberg Global Development Advisors, original ideas 'have to percolate through so many layers of hierarchy that most won’t survive to the top.'"
Faculty News

Prof. Richard Sylla on US stock market trends

Excerpt from MetroWest Daily News -- "Sylla’s research shows that markets have risen and fallen in consistent waves for more than 200 years, with the pattern becoming even steadier since World War II."
Faculty News

Prof. Michael Spence is highlighted as the recipient of the 2001 Nobel Prize in Economics

Excerpt from WHIOTV.com -- "Americans George A. Akerlof, A. Michael Spence, and Joseph E. Stiglitz win the Nobel Prize in economics for research into how the control of information influences everything from used car sales to the rise and collapse in high-tech stocks."
Faculty News

Prof. William Baumol's research on what drives technological innovation is cited

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Excerpt from Forbes -- "This is at the heart of a lot of the work of William Baumol, trying to untangle what it is that makes some societies innovate furiously, others not so much."  Additional coverage appeared in New Statesman.
Faculty News

Prof. Jeffrey Wurgler's research on the returns of low-volatility stocks is referenced

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Excerpt from The Wall Street Journal -- "The least-volatile quintile of the 1,000 biggest stocks in the U.S. returned 10.2% annually from 1968 to 2010, while the most-volatile quintile gained 6.6%, according to Brendan Bradley of Acadian Asset Management in Boston, who earlier this year published a study on the returns of low-volatility stocks with Malcolm Baker of Harvard University and Jeffrey Wurgler of New York University."
Faculty News

An interview with Prof. Edward Altman on Italy's role in the European debt crisis

Excerpt from Outlook India -- "I think Italy is not too big to fail if the world is willing to live with a non-Euro-centric union."  Additional coverage appeared in Outlook India.
Faculty News

Prof. Nouriel Roubini's book, "Crisis Economics," is featured as a "Top Business Book"

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Excerpt from Shanghai Daily -- "Nouriel Roubini, a farsighted economist, warns of a wild ride ahead and explains how to calm the waters."

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