Faculty News

Prof. Eric Greenleaf on NYC's Department of Education rezoning proposal

Excerpt from Downtown Express -- “A lot of the people who were going to pre-k at P.S. 89 that were put into the 276 [due to the rezoning] preferred going to 276 because it was closer to where they lived."
Faculty News

Nobel Laureate Prof. Michael Spence on investing in emerging markets, Europe and the US

Excerpt from Bloomberg TV -- "Martin Sorrell, chief executive officer of WPP Plc, Paul Walsh, CEO of Diageo Plc, and Michael Spence, a 2001 Nobel Prize winner, talk about investing in emerging markets and Western Europe, and the outlook for the US and European economies in 2012."
Faculty News

Nobel Laureate Prof. Michael Spence's research on US job creation is cited

Excerpt from BigGovernment.com -- "Nobel Prize-winning economist Michael Spence and co-author Sandile Hlatshwayo estimate that from 1990 to 2008 all net job creation has been in the 'non-tradable sector,' chief among them health care and government jobs."Excerpt from BigGovernment.com -- "Nobel Prize-winning economist Michael Spence and co-author Sandile Hlatshwayo estimate that from 1990 to 2008 all net job creation has been in the 'non-tradable sector,' chief among them health care and government jobs."
Faculty News

Nobel Laureate Prof. Michael Spence on republican candidate Mitt Romney's economic plan

Excerpt from This is Money -- "Nobody knows how well we’re going to respond both on the public and private-sector side and restore competitiveness. Does his set of policies do it? My answer would be no."
Faculty News

Prof. Kim Schoenholtz on the benefits of a more transparent Fed

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Excerpt from The Huffington Post -- "It can help households and businesses make decisions and make fewer decisions that are costly. [Americans] won't be buying houses they can't afford, or businesses won't be hiring workers they have to fire later."
Faculty News

Prof. Lawrence White on Attorney General Eric Schneiderman co-chairing a new mortgage crisis unit

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Excerpt from NY1 -- "There have been some dissents to a tentative settlement that's been announced. Mr. Schneiderman was one of the dissenters. This may be an effort to try to bring him back into the fold, see if there can be a settlement."
Faculty News

Nobel Laureate Prof. Robert Engle on Europe's banking sector

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Excerpt from Reuters India -- "Our number is closer to a trillion dollars for European banks and that is as of last week. This is what they would need to withstand a financial crisis kind of like the last one."
School News

The NYU Stern Volatility Institute's Systemic Risk Rankings are referenced

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Excerpt from The Huffington Post -- "In fact, an ongoing study by the Volatility Institute at New York University's Stern School of Business confirms the danger posed by the bank. Of all U.S. financial institutions, Bank of America contributes the most to systemic risk."
Faculty News

Prof. Stijn Van Nieuwerburgh on private loan verification firms

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Excerpt from Forbes -- “If investors are going to rely on these firms the way they rely on credit agencies, we’re in for the same outcome."
Faculty News

Prof. Nouriel Roubini says inequalities are an effect of the financial crisis

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Excerpt from CNBC -- “There’s an important connection between social unrest and economic trouble, which we are seeing now. There are major inequalities coming from the effects of the financial crisis.” Additional coverage appeared in CNN blog.
Faculty News

Prof. Nouriel Roubini on the European economy

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Excerpt from CNBC -- "Europe needs 'massive monetary easing' to end the debt crisis, says economist Nouriel Roubini." Additional coverage appeared in The Guardian and Bloomberg.
Faculty News

Prof. Richard Sylla offers his predictions for muni yields

Excerpt from Bond Buyer -- “The economy is still pretty sluggish and the Fed has promised to keep its target fed funds rate close to zero into 2013, if not longer. And the Obama administration seems to want to raise marginal tax rates on 'the rich,’ however defined; that by itself would make munis more appealing to investors.”
Faculty News

An op-ed by Prof. Michelle Greenwald on the success of single-minded businesses

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Excerpt from INC Magazine -- " ... specializing in a single product is hardly a new idea: Dunkin' Donuts has been around since 1950, Baskin & Robbins since 1945, pizza shops it seems like forever, and the current cupcake craze is endemic worldwide."
Faculty News

Nobel Laureate Prof. Michael Spence on Italy's economy

Excerpt from ANSA -- "I think that Italy has a good chance of completing the reforms by the new government (Italian to English translation)."
Faculty News

A paper by Prof. Stijn Van Nieuwerburgh on international capital flows and house prices is cited

Excerpt from The Economist blog -- "THIS week's interesting economics research: ... International capital flows and house prices (Jack Favilukis, David Kohn, Sydney C. Ludvigson, and Stijn Van Nieuwerburgh)."
Faculty News

Q&A with Prof. Baruch Lev on his book, "Winning Investors Over"

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Excerpt from Harvard Business Review blog -- "A misconception: Dealing with funds providers is part and parcel of running the company. You should not spend excessive time on investors but they need attention and guidance."
Faculty News

Prof. Thomas Cooley on the proposed Greece debt exchange deal

Excerpt from Bloomberg -- “The contemplated restructuring isn’t likely to be sufficient to make Greece a viable, going economic concern in the future."
Faculty News

Prof. Anindya Ghose defines "crowdfunding"

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Excerpt from Financial Times -- "In these markets, any individual can propose an idea that requires funding, and interested others can contribute funds to support the idea. These markets have recently emerged as a viable alternative for sourcing capital to support innovative, entrepreneurial ideas and ventures."
School News

NYU Stern's Entrepreneurs Challenge is featured

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Excerpt from Clear Admit -- “The challenge, which drew an unprecedented 211 teams in 2011, consists of three separate competitions: the NYU Stern New Venture Competition; the NYU Stern Social Venture Competition; and, new in 2011, the NYU Technology Venture Competition, divided into Life Sciences and IT & Clean Tech tracks. Winners of the three competitions are awarded a combined $250,000 in seed money and in-kind support."
Faculty News

Prof. Paul Romer's "charter cities" concept is referenced

Excerpt from Slate -- "You could imagine Paul Romer getting permission to start setting up aCharter City somewhere five years from now, with part of the start-up conception being that autonomous vehicles will be the exclusive motorized transportation option."Excerpt from Slate -- "You could imagine Paul Romer getting permission to start setting up aCharter City somewhere five years from now, with part of the start-up conception being that autonomous vehicles will be the exclusive motorized transportation option."
Faculty News

Prof. Edwin Elton and Martin Gruber's research on taxable bond funds is cited

Excerpt from AdviserPerspectives.com -- "According to Blake, Elton, and Gruber there were as many as 46 taxable bond funds in 1979."
Faculty News

Prof. Edward Altman on his new Z-Score app and how Italy can save the euro

Excerpt from Financial Sense -- "Dr. Altman sees Italy as the final battleground for the survival of the Euro. His analysis is based on the use of a new metric he and his colleagues have developed to estimate the financial health of sovereigns." Additional coverage appeared in Betanews.com.
Faculty News

Prof. Nouriel Roubini's views on India's economy are referenced

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Excerpt from Financial Times -- "According to economist Nouriel Roubini, India is better placed than the other Brics. After all, its youthful demographics and entrepreneurial zeal is unchanged." Additional coverage appeared in the Financial Times.
Faculty News

Prof. Edward Altman predicts this year's default rate for junk bonds

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Excerpt from The Wall Street Journal blog -- "[Altman] said, the way that the 'd-word'—default—is presented to the world will determine how the markets react to Greece’s debt restructuring (and he believes the country will need another bailout). He predicted that hedge funds will be blamed as the holdouts in the negotiations that will force a technical default." Additional coverage appeared in The New York Times Dealbook blog, Business Insider, and Bloomberg.

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