Experience Stern | News & Events

Excerpt from The San Francisco Chronicle -- Uber and Lyft were “groundbreaking as the first systems where millions of people can set their own hours and earn money proportionate to the time they put in without it having to be continuous bunch of hours,” said Arun Sundararajan, a New York University business professor who studies gig companies. “Certain segments of the population, such as single parents, need that absolute flexibility.”

Excerpt from the Frankfurter Allgemeine Zeitung -- (translated from German using Google Translate) "Cecchetti and Schoenholtz make three suggestions in their conference paper. [Their] first suggestion should be self-evident, but it is not yet: Central bank statements should be written in understandable language. This includes making a dissent among the decision-makers clear without getting lost in endless statements. Although it may be difficult to surpass the volubility of the members of the Central Bank Council of the Deutsche Bundesbank in the 1980s and early 1990s, there is now an increase in public statements by monetary policymakers to an extent that does not promote the dissemination of a clear message. The independence of from central banks is an important achievement, but in troubled times it is not sacrosanct. It is therefore not bad for the leadership of a central bank to be perceived as a capable team, rather than and not as a chronically quarreling bunch. Secondly, Cecchetti and Schoenholtz recommend clear statements from monetary policymakers regarding how they would change course as economic perspectives change. This is a very demanding proposal that is more likely to come to academic economists than practical monetary policy makers. It is not only difficult for monetary policymakers to communicate clearly how they would, for example, respond to an intensification of international trade conflicts. An overly detailed scenario analysis could also give monetary policymakers an excuse to be too active in responding to changes in the environment."

Excerpt from Frankfurter Allgemeine Zeitung -- (translated from German using Google Translate) "Cecchetti and Schoenholtz make three suggestions in their conference paper. [Their] first suggestion should be self-evident, but it is not yet: Central bank statements should be written in understandable language. This includes making a dissent among the decision-makers clear without getting lost in endless statements. Although it may be difficult to surpass the volubility of the members of the Central Bank Council of the Deutsche Bundesbank in the 1980s and early 1990s, there is now an increase in public statements by monetary policymakers to an extent that does not promote the dissemination of a clear message. The independence of from central banks is an important achievement, but in troubled times it is not sacrosanct. It is therefore not bad for the leadership of a central bank to be perceived as a capable team, rather than and not as a chronically quarreling bunch.

Excerpt from Business Insider -- "'The point is that power moves people in some predictable directions on average,' Joe Magee, a New York University psychologist who studies the psychological effects of power, told Business Insider in a phone interview. It's not so much a bias, he's careful to note, but a cognitive tendency or propensity."

Excerpt from Barron's -- "There could be reason to break up tech giants—it is just not antitrust-related. The antitrust debate aside, a spinoff approach might be a boon for investors. Scott Galloway, the serial entrepreneur and New York University marketing professor, says that Facebook could unlock value by spinning off its Instagram and WhatsApp units, while Google could do the same with YouTube."

Excerpt from Bloomberg Tax -- “Andersen’s culture had changed long before Enron,” Ronen said in a phone call. “There had been other scandals such as WorldCom, and the Andersen culture had changed to chasing revenue. I don’t think the name would be a positive today.”

Excerpt from Reuters -- “You don’t see many kids coming out of university saying ‘I want to go into retail,’ said Allen Adamson, an adjunct professor at New York University’s Stern School of Business.

Excerpt from Newsweek -- Mr. Trump for over two years has been huffing and puffing about reviving manufacturing employment. This is a pipe dream, Lawrence White, an economics professor at NYU's Stern School of Business, told Newsweek.

Excerpt from Broadway Journal -- '"It could actually make a big difference, depending on how evenly matched the shows really are,' said Jeffrey Simonoff, a statistics professor at New York University’s Stern School of Business, who has studied Broadway."

Excerpt from Jamaica Gleaner -- "On the panel, Peter Blair Henry, Professor at the Stern Business School at New York University, stated that Jamaica’s single-digit inflation targeting, along with the Economic Programme Oversight Committee, has realigned the development path of Jamaica towards that of Barbados, credited as one of the most developed black nations."

Excerpt from Business Insider -- "'The point is that power moves people in some predictable directions on average,' Joe Magee, a New York University psychologist who studies the psychological effects of power, told Business Insider in a phone interview. It's not so much a bias, he's careful to note, but a cognitive tendency or propensity."

Excerpt from South China Morning Post -- "James Finch, clinical associate professor of finance at New York University’s Leonard N. Stern School of Business, said: 'The overwhelming driver in China is political control. To have a trade currency, you have to have to get rid of all the controls on the currency.'"

Excerpt from KPCW -- "'Contrary to what a lot of people think, futurists do not make predictions. Most of what we do is make connections. And the point of that is to reduce uncertainty as much as we possibly can so that people can make smarter decisions.'"

Excerpt from Bloomberg -- "In a research paper on Fed communications presented at the conference that generated a lot of buzz, Stephen Cecchetti, of Brandeis University, and New York University’s Kermit Schoenholtz, called for a major change in the dot plot. Rather than being anonymous, it should name which policy maker is making each forecast for rates and the economy, including the chairman’s dot."

Excerpt from The Daily Register -- "Is technology liberating? Does science-driven 'progress' make us happier? Not so, says social psychologist Adam Alter in his book, Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'In the past, we thought of addiction as mostly related to chemical substances: heroin, cocaine, nicotine,' says Dr. Alter, an associate professor at the Stern School of Business at New York University."

Excerpt from BuzzFeed -- “'I think there is a lot of appetite for letting the market sort lots of things out,' Robert Seamans, an associate professor at NYU’s Stern School of Business who spent a year as a senior economist at the White House Council of Economic Advisers, told BuzzFeed News. 'We don’t want to pick a China model where the government decides everything that should happen.'”

Excerpt from TheStreet.com -- "Conducted by Stephen J. Brown of New York University, William Goetzmann of Yale University, and Alok Kumar of the University of Miami, the study found that the Dow Theory over that period beat a buy-and-hold by an annual average of 4.4 percentage points."

Excerpt from The Atlantic -- "Paul Hardart, a marketing professor at New York University and a veteran of the film industry, says that celebrities have forced studios’ hands. 'Studios also have to keep in mind that they have talent they want to keep happy,' he explains."

Excerpt from CNN -- "'This time window often creates this scarcity factor,' said Anindya Ghose, a professor at New York University's Stern School of Business. 'There's a nudge and pressure on customers to act within that period.'"

Excerpt from Yahoo Finance -- "A paper from Brandeis’s Stephen Cecchetti and New York University’s Kermit Schoenholtz recommended that the Fed release a “matrix” that links projections for growth, unemployment, inflation, and interest rates to each FOMC participant."

Excerpt from Reuters -- "The Fed’s policy statements 'tend to be complex, jargon-laden, press releases that a casual reader cannot easily absorb,' Brandeis University professor Stephen Cecchetti and New York University professor Kermit Schoenholtz wrote in calling for the Fed to overhaul many of its core documents."

Excerpt from MarketWatch -- "The Nobel Prize-winning economist whose work confirms Bollinger’s core insight is Robert Engle of New York University. He was awarded the prize in 2003 (along with the late Clive Granger) for developing a statistical understanding of why and how a security’s volatility changes over time."

Excerpt from CNN -- "'This is an old story of when you see industry disruption,' said Ginsberg. 'If you don't develop those capabilities or go into those markets, you might be extinct pretty soon.'"

Excerpt from OZY -- "Lev says Apple has good reasons to buck the trend: Quarterly guidance is still the norm in the tech industry. 'If most of your competitors are guiding, if you won’t guide it’s a very bad sign,' he says. 'It’s a sign either you are not confident as a manager or you are hiding information.'"

Excerpt from Money Inc. -- "James B. Rosenwald III received his Bachelor of Arts in Economics from Vassar College in 1980, before obtaining his M.B.A from the Graduate School of Business at New York University in 1984. ... In addition to his business activities, Rosenwald has served as an adjunct professor of Global Value: Investing Theory and Practice at the Stern School of Business at New York University since 2012."