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  • – Faculty News

    Professor Nouriel Roubini is profiled

    July 27, 2015
    financial times logo feature
    Excerpt from Financial Times -- "Commentary on topical issues is grounded in realpolitik as much as economic analysis. He believes that Greece leaving the euro would be 'catastrophic' for the global economy because of the risk that Russia would extend its influence in the Balkans. 'It will not happen, because the consequences would be too terrible,' says the 57-year-old about Greece reaching an uneasy deal with its creditors to prevent it crashing out of the eurozone."
  • the guardian logo feature
    Excerpt from The Guardian -- "In many countries, key slices of the social safety net are tied to full-time employment with a company or the government. Although the broader socioeconomic effects of the gig economy are as yet unclear, it is clear we must rethink the provision of our safety net, decoupling it from salaried jobs and making it more readily available to independent workers."
  • schoenholtz feature
    Professor Kim Schoenholtz was named as a member of the Financial Research Advisory Committee (FRAC) of the US Treasury’s Office of Financial Research (OFR). The OFR, established as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, created the committee to provide advice, recommendations, analysis, and information on topics including research methodologies, data management, and data standards.
  • pbs newshour logo feature
    Excerpt from PBS NewsHour -- "We’re sort of in a phase where– the model of providing a few hours at a time, or providing to multiple platforms may, in fact, be the most economically efficient one. ... To me, the humane thing isn’t to make everybody a full-time employee, but to extend the safety net to cover people who have alternative forms of work."
  • yahoo finance logo feature
    Excerpt from Yahoo! Finance -- "'Whether China grows GDP at 5% or 7% and hits a rough patch or dodges a recession, there are several hundred million people on the cusp of entering the middle class,' he says. Apple products sell well even in tougher economic times, Foudy adds. 'Spending on phones, it's just not like cars, consumer durables [or] things like vacations, which tend to rise and fall with the business cycle,' he says. 'Combine this with a Chinese preference for products that can serve as public signals of success and Apple is well positioned there for future growth.'"
  • hbs working knowledge logo feature
    Excerpt from HBS Working Knowledge -- "When faced with a decision on how to allocate resources between themselves and others, some people are 'pro-social,' meaning they are likely to value more equal distributions of resources, while others are 'pro-self,' meaning they try and maximize value for themselves. ... Santana explores these questions in a new working paper, Because We're Partners: How Social Values and Relationship Norms Influence Consumer Payments in Pay-What-You-Want Contexts, written with Vicki G. Morwitz, the Harvey Golub Professor of Business Leadership and Professor of Marketing at New York University's Stern School of Business."
  • Mashable Logo
    Excerpt from Mashable -- "'It's one thing to put infrastructure together, it's another thing to get enough ventures around you where it suddenly starts to look like the place to go as opposed to someone having to be the pioneer to go,' says Jeffrey Carr, a business professor at New York University who focuses on entrepreneurship issues. 'There just is a huge hurdle for this kind of thing to work.'"
  • bloomberg logo new
    Excerpt from Bloomberg -- "'Because Uber is a brash, hot, growing company, they can often be a focal point for a polarized discussion,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'It’s easy to be pro- or anti-Uber.'"
  • thestreet logo feature
    Excerpt from TheStreet.com -- "...Cook has made the company more attractive for shareholders by exploiting gaps in Apple's current offerings rather than leapfrogging ahead by introducing new products, said Scott Galloway, a professor of marketing at New York University's Stern School of Business."
  • new york times logo feature
    Excerpt from The New York Times -- "For society more broadly, Thomas Philippon, a professor at New York University who has studied the economics of the financial industry, said that Wall Street had grown bloated in the three decades before the financial crisis and was shrinking to a size more in keeping with historical norms. 'It’s all for the best,' Mr. Philippon said. 'We had way too many people trading before.'"
  • BusinessBecause
    Excerpt from BusinessBecause -- "'In New York, the banks have come back,' says Roxanne Hori, associate dean of career services and corporate relations at NYU Stern. … ‘Hiring is active across all sizes of banking organizations,’ says NYU Stern’s Roxanne."
  • the conversation logo
    Excerpt from The Conversation -- "In our work, we show that governments with deeper pockets are able to offer more comprehensive deposit insurance programs and are therefore more willing to undertake and disclose informative stress tests. In contrast, fiscally constrained governments cannot afford to guarantee as many deposits and will therefore not risk disclosing detailed information that could cause bank runs."
  • Pensions & Investments
    Excerpt from Pensions & Investments -- "Stephen J. Brown was named executive editor of the Financial Analysts Journal, effective Sept. 1, the CFA Institute, which owns the publication, announced Wednesday. Mr. Brown — the David S. Loeb professor of finance at the Leonard N. Stern School of Business, New York University — was appointed by the institute."
  • new york times logo feature
    Excerpt from The New York Times -- "... The simplest way to reduce the number of vehicles on the road is to increase the number of people traveling in each vehicle, and these new ridesharing apps hold particular promise on this front. Services like UberPool and Lyft Line use sophisticated algorithms to match people going in the same direction in real-time, increasing vehicle occupancy with minimal rider inconvenience. They are modern-day, market-based, digital successors to yesterday’s neighborhood carpool."
  • Planetizen logo
    Excerpt from Planetizen -- "By measuring 20 streetscape features and numerous other variables for 588 blocks in New York City, we were able to identify variables that explain pedestrian traffic volumes. We found significant positive correlations between three out of 20 streetscape features with pedestrian counts after controlling for density and other built environmental variables. The significant streetscape features are the number of pieces of street furniture, the proportion of windows on the street, and the proportion of active street frontage."
  • business insider logo feature
    Excerpt from Business Insider -- "'There is no need to build out your whole two years this summer, but you should consider classes or professors that your school is known for and make sure you aren't missing out on anything in early days that would hurt your chances of taking their classes,' Johnson says."
  • sports illustrated
    Excerpt from Sports Illustrated -- "Wertheim and Sommers discuss the definition of rivalries, partly based on a study led by New York University Assistant Professor of Management and Organizations Gavin Kilduff, titled 'The psychology of rivalry: a relationally dependent analysis of competition,' which investigates the idea that teams’ similarity and histories can predict rivalry, and that rivalry may affect athletes’ motivation and performance. Can a person have an unrequited rival? Or are rivalries actually quite symmetrical?"
  • bloomberg logo new
    Excerpt from Bloomberg -- "There is a major piece of legislation that is going to come up on Wednesday, this week, in the Greek Parliament, and there will be defections from the ruling party. And we'll see how it will go. It will most likely pass with the vote of the opposition, but the ruling party is becoming weaker and weaker... most likely, we'll see elections in September or October."
  • bloomberg logo new
    Excerpt from Bloomberg -- "If you ask me where we are right now, the IMF is not going to support a new bailout. We're not heading for soft landing over time for Greece. Right now, we're heading for another Euro summit."
  • voice of america logo feature
    Excerpt from Voice of America -- "Paul Wachtel, an economics professor at New York University, told VOA that long-standing U.S. sanctions and the more recent U.N. restrictions "severely hampered" Tehran's economy, pushing it into a 'deep recession.' He said Iran's economy could recover within two or three years of the lifting of the sanctions. But Wachtel said questions remain about what Tehran might do with its windfall of cash, as frozen bank accounts are unlocked at the same time the country boosts its oil exports. 'It is enough money to make a lot of trouble' in the Mideast through support of insurgencies Iran favors, Wachtel said."
  • bloomberg logo new
    Excerpt from Bloomberg -- "Proposed legislation seeks to redirect investments to poor and rural communities and would make it tougher for developers to access funds in big cities such as New York, where at least $3.2 billion of EB-5 cash has gone toward building the skyline since 2010, according to a study by Jeanne Calderon and Gary Friedlander, professors at New York University’s Stern School of Business."
  • washington examiner logo
    Excerpt from Washington Examiner -- "The Volcker Rule, criticized for its complexity, has already forced some megabanks to divest in ways they might not have had to under the late-stage versions of Glass-Steagall... The 21st Century Glass-Steagall Act would go far beyond that, White said... The financial industry would survive, he said, but might not be safer. 'If Glass-Steagall, with all of its pristine beauty of 1933, had still been in place, nothing would have been different' in 2008, he said."
  • new york times logo feature
    Excerpt from The New York Times -- "According to a 2014 Treasury Department report, $270 million worth of Cuban assets are frozen in United States bank accounts. 'It’s going to be a mess that may not get resolved for many, many years,' said Roy C. Smith, a finance professor at N.Y.U.’s Stern School of Business who has also studied the claims."
  • financial times logo feature
    Excerpt from Financial Times -- "Mobile payment may ease the ‘pain’ of spending but could make you poorer...The academics Priya Raghubir and Joydeep Srivastava have found that we are less likely to remember purchases made by electronic means."
  • Mashable Logo
    Excerpt from Mashable -- "Arun Sundararajan, a professor of business at New York University, says several startups in the on-demand market, including Lyft and Airbnb, have ramped political efforts at an earlier stage precisely because these services largely operate offline and run up against local regulators earlier. 'They all developed political and government relation functions way, way earlier than the typical technology company,' he says. Even by that standard, however, Sundararajan notes that the political maneuvering of these other companies are 'not as brash and in your face as Uber.'"