Faculty News

Prof. Paul Romer is cited for his influential thinking about economic growth

Excerpt from The American -- "Romer is best known for several breakthrough papers in the theory of economic growth. I draw not so much on the technique of those papers but a few of Romer's ideas about ideas, most importantly that ideas are sunk costs."
Faculty News

Prof. David Poltrack believes consumer spending will fuel economic recovery

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Excerpt from New York Times -- “We believe that consumer spending will continue to increase ... fueling that recovery.” Additional coverage appeared in TV Week.
Faculty News

Nobel Laureate Prof. Michael Spence on alliances with the China Development Bank

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Excerpt from New York Post -- “'China wants to dramatically increase its outbound investments,' Spence said, and could learn how to invest like a buyout firm by working closely for a time with the industry giants."
Faculty News

Prof. Edward Glickman is cited as a co-chair of the Kimmel Cancer Center's Men's Event

Excerpt from Kimmel Cancer Center blog -- "About 150 people joined Richard Pestell, M.D., Ph.D., Director, Kimmel Cancer Center at Jefferson, Leonard Gomella, M.D., Chair, Department of Urology at Jefferson and 2011 Men’s Event Co-Chairs Edward Glickman, President of Pennsylvania Real Estate Investment Trust, and Joseph Weiss, Chairman, Electronic Ink, for an evening of cocktails, dinner, entertainment, auctions and friends."
Faculty News

An op-ed by Research Scholar Robert Frank on the consequences of growing income inequality

Excerpt from Slate -- "In short, the growing income inequality that OWS protesters are calling to our attention is not the nonissue that many of the movement’s critics say it is. Growing income disparities have imposed enormous costs on almost everyone." Additional coverage appeared in New America Foundation.
Faculty News

Prof. Thomas Philippon on the cost of financial intermediation

Excerpt from Mother Jones -- "The cost of intermediation in the US is between 1.3% and 2.3% over 130 years. However, the finance cost index has been trending upward, especially since the 1970s." Additional coverage appeared on AdvisorOne.
Faculty News

In an op-ed, Prof. Baruch Lev advises winning investors over through honest information

Excerpt from Business Daily Africa -- "Providing earnings guidance is just a start. Giving more information to investors generally, and doing it in an honest and understandable way, is good business."
Faculty News

2011 Nobel Laureate Prof. Thomas Sargent is profiled

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Excerpt from The New York Times -- "Google 'Thomas Sargent' and 'rational expectations' and you’ll get hundreds of hits. ... Mr. Sargent is widely considered one of the founders of the theory, though he says it had many earlier proponents, including Keynes." Additional coverage appeared in The New York Times blog.
Faculty News

Nobel Laureate Prof. Michael Spence says Americans need to think differently about jobs

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Excerpt from The News Journal -- "Nobel Prize-winning economist Michael Spence warns that Americans have to start thinking differently about jobs. The current downturn is part of a cycle. It will end. Companies will spend and hire."
Faculty News

Prof. Amity Shlaes on former Democratic presidential candidate George McGovern

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Excerpt from Associated Press -- "Shlaes said on air that McGovern had taken 'a spill' and wasn't able to be on the program as planned, but she said he was fine."
Faculty News

An interview with Prof. Lawrence White on the euro zone debt crisis

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Excerpt from CNC World -- "Europe was able to prosper for basically 40 years from the late 1940s until 1999 on the basis of separate national currencies. The euro was mostly a political effort to try to bring greater unity, greater unification."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is featured

Excerpt from Rag Radio -- "In The Darwin Economy, Frank argues against Adam Smith's theory of the 'invisible hand' which says that competition channels self-interest for the common good."
Faculty News

An op-ed by Prof. Thomas Philippon on the efficiency of the finance industry

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Excerpt from VoxEU -- "The cost of intermediation in the US is between 1.3% and 2.3% over 130 years. However, the finance cost index has been trending upward, especially since the 1970s. This is counter-intuitive. If anything, the technological development of the past 40 years – in IT in particular – should have disproportionately increased efficiency in the finance industry."
Faculty News

Prof. Viral Acharya on Europe's debt crisis spreading to America

Excerpt from National Journal -- “The [potential] shock we’re talking about is of very large magnitude. ... If you’re just having an Armageddon coming your way, [America’s] buffers may not be adequate.”
Faculty News

Prof. Dolly Chugh is highlighted as a new member of the Buckley Country Day School Board of Trustees

Excerpt from Garden City News -- "Dolly Chugh is an Assistant Professor in the Management and Organizations Department at New York University Stern School of Business. She teaches two courses (Leadership in Organizations' and 'Collaboration, Conflict, and Negotiation') to MBA students."
Faculty News

An excerpt from Baruch Lev's book, "Winning Investors Over," is featured

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Excerpt from Strategy + Business -- "The main advantage of my CSR maxim is that, in contrast to the oft-suggested innocuous slogans — CSR should be an integral part of the company’s strategy, CSR should be embedded in the corporate genes, doing good while doing well, and the like — my 'anything you, the shareholder, can do, I can do better' criterion is operational."
Faculty News

Prof. Nouriel Roubini on the chance of recessions in the US, UK and euro zone

Excerpt from Bloomberg -- "Europe’s debt crisis has stoked concern that the region may slip into recession, endangering the global expansion. There is a 50 percent chance of recessions in the U.S., the U.K. and euro zone economies in the next 12 months, Nouriel Roubini, co- founder of Roubini Global Economics LLC, said in October. " Additional coverage appeared in Bloomberg Businessweek.
Faculty News

Prof. Nicholas Economides on the Greek economy

Excerpt from Il Fatto Quotidiano -- "Everybody knew that the program imposed on Greece in May 2010 would not work (Italian to English translation)."
Faculty News

Prof. Amity Shlaes's book, "The Forgotten Man," is cited

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Excerpt from National Post -- "These revelations are sparked by his review of a history entitled 'The Forgotten Man: A New History of the Great Depression' by Amity Shlaes."
School News

Assistant Dean Pamela Mittman shares her positive employment outlook for NYU Stern grads

Excerpt from EconoPlay -- “On‐campus interviews start in January, and the expected corporate presence is healthy and consistent with last year.”
Faculty News

Nobel Laureate Prof. Michael Spence and Prof. Thomas Philippon on economic trends to watch in 2012

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Excerpt from Council on Foreign Relations -- "The main trend in 2012 is volatility, with the preponderance of extreme macroeconomic risk on the downside. It is a two scenarios environment with roughly equal weight, with the center of global risk located in Europe." Additional coverage appeared in The Wall Street Journal and Saudi Gazette.
Faculty News

Prof. Anindya Ghose on how much data a person generates daily

Excerpt from Hear the Answer -- "Ghose says that over the past few years, people have migrated from offline interactions to online conversations at an incredibly fast rate - and in the process, they've generated a mind-blowing amount of data."
Faculty News

Prof. Nicholas Economides on the problems with labor market restrictions

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Excerpt from Global Finance Magazine -- "Wages in the public sector have been falling—but in an inappropriate fashion, according to Nicholas Economides, professor of economics at New York University’s Stern School of Business. He explains how the government failed to evaluate civil servants to determine who was redundant and who was effective."
School News

NYU Trustee & Board of Overseers Member Chandrika Tandon is interviewed

Excerpt from The Hindu Business Line -- "I lecture students about leadership. My singular message is: spend time to bring out your own hidden dimensions and calling."
Faculty News

Prof. Irving Schenkler on social media and the reputation of businesses

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Excerpt from Fox News -- "Social media brings a lot of unexpected players into your realm and when people start talking about you and your business, others may be listening, and they need to respond."

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