NYU Stern
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  • bloomberg logo
    Excerpt from Bloomberg -- "Romer's mathiness eruption…it’s about the role of math in economic theory. Romer says that in the new, debased culture of macroeconomics, 'empirical work is science; theory is entertainment.'"
  • Fort Worth Star Telegram
    Excerpt from Fort Worth Star Telegraph -- "Having researched gender stereotypes in the workplace for more than a decade, we believe what needs to happen is a change in the way gender is discussed in order to facilitate progress toward gender equality."
  • SF Gate Logo
    Excerpt from SFGate -- "The survey results 'underscore that schedule flexibility and work-life balance will be critical for the workforce of the future,' said NYU business Professor Arun Sundararajan, who studies the on-demand economy. He thinks that about half of workers will be freelance over the next decade, either exclusively or as supplemental income."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "I think this settlement will show that authorities are serious about deterring future behavior. I think that part of changing future behavior is also a lot of the changes that have happened with respect to how benchmarks are set. The reality is that benchmarks are easy targets - they're very easy to manipulate, nobody was looking, and the gains were humongous."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "'It is likely Barclays is just the first bank' that will settle the ISDAfix charges, said Rosa Abrantes-Metz, an adjunct professor at New York University’s Stern School of Business who is serving as a consultant on a civil lawsuit against the banks related to ISDAfix. 'I studied the likelihood that actual collusion between the banks occurred and the empirical evidence supports that.'"
  • cnbc logo feature
    Excerpt from CNBC -- "The three previous agreements with the lenders, while leading toward a balanced budget and solving fiscal deficits, implemented very few of the microeconomic reforms that would guarantee Greece becoming competitive and eventually not needing any more loan help. At the signing of its fourth loan agreement, it is high time to learn from the mistakes of the previous three and stress the micro rather than the macro part of the program."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "There is plenty of incentive for countries to collaborate, rather than using trade, finance, monetary policy, public-sector purchasing, tax policy, or other levers to undermine one another. After all, given the connectedness that characterizes today’s globalized financial and economic systems, a full recovery anywhere is virtually impossible without a broad-based recovery nearly everywhere."
  • Vice logo
    Excerpt from VICE -- "Greek economist Nicholas Economides, a professor at the Stern School of Business in New York, said leaving the Eurozone would have as severe consequences as the 1919-1922 Greco-Turkish war. 'We're talking about an enormous bank run as a result, no confidence in the new currency, poverty much worse than we've already seen, lack of basic items such as medicine and petrol,' ... Nobel Laureate Thomas J. Sargent, the summit's keynote speaker, told VICE News Greece was a key factor in what would happen next with Europe's single currency. 'Greece is right at the center of destiny of the Euro, not whether it survives but what it will look like as it survives,' he said."
  • fox business logo feature
    Excerpt from Fox Business -- "It's no longer a case of yes, Strategy A is the right direction...investors want to know that you can not only do Strategy A but you can do B, C, D or E or any combination of that if circumstances change. The problem is Yahoo hasn't put that vision out - nobody really knows how they're going to play out..."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "You wouldn't know it from the record low level of government bond yields, but much of Europe lives under a severe debt burden. Nonfinancial corporate debt exceeds 100 percent of GDP in Belgium, Finland, France, Ireland, Luxembourg, Netherlands, Portugal, and Spain. And, gross government debt (as measured by Eurostat) is close to or exceeds this threshold in Belgium, France, Greece, Ireland, Italy, Portugal and Spain."
  • OZY logo
    Excerpt from Ozy -- "Most professions worth their salt require certification, reasons NYU Stern Business School professor of management Anat Lechner. Yet people in management, who 'control, very often, many resources — and can influence pretty much everybody in society, directly and indirectly — don't.' She adds, as we all know too well, that 'one bad manager can ruin the lives of pretty much everybody underneath them.'"
  • forbes logo feature
    Excerpt from Forbes -- "Here are my top picks for pioneers embracing new forms of technology at retail, to differentiate themselves among digitally savvy target audiences. In so doing, they’re better meeting consumer needs such as product customization, or quality and speed of service and payment."
  • – Faculty News

    Prof. April Klein on DuPont's proxy fight

    May 18, 2015
    usa today logo feature
    Excerpt from USA Today -- "April Klein, a professor of accounting at New York University’s Stern School of Business, said the money spent to keep Peltz off the board will benefit the company in the long run because it forced DuPont to review strategies to increase its stock price. She noted the proxy campaign’s $15 million cost is only a small percentage of DuPont’s $66.7 billion capitalization."
     
  • new york times logo feature
    Excerpt from The New York Times -- "Research from Thomas Philippon of New York University suggests the United States financial industry has become less efficient over the last 130 years at channeling capital toward productive use. And this same phenomenon may be a major contributor to rising inequality."
  • washington post logo feature
    Excerpt from The Washington Post -- "These divergent perspectives on the Pew survey are connected to larger narratives that frame how conservative and liberal Christians in the United States see themselves. In 'The Righteous Mind,' Jonathan Haidt describes the different 'stories' that arise, depending on whether you lean to the left or right politically. Though he has written primarily about 'liberals' and 'conservatives' from a political standpoint, I find his analysis easily applies to 'liberals' and 'conservatives' within Christianity also."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "There are several approaches to estimating where it stands at any given time, including surveying investors and looking at the historic relationship between stock and Treasury returns. An alternative method involves using expected future cash flows from stocks, as Stern School of Business professor Aswath Damodaran has done in the model he has made available on his website. According to this, the S&P 500’s equity-risk premium as of the end of April was 5.8 percentage points, which counts as one of the higher readings in data going back to 1960. On that basis, it seems like there is a sizable cushion between still very low yields on Treasurys and the stock market’s expected returns. In other words, stocks don’t look so expensive on this basis."
  • forbes logo feature
    Excerpt from Forbes -- "Sundararajan described the self-regulating trend of sharing economy companies. An advocate of self regulation, he’s clear to note he is not opposed to regulation generally, though it should be applied carefully. 'I believe in regulation very strongly because I believe in markets very strongly. And the purpose of regulation is to step in and help markets function better, to fill the gaps, correct them when things are going off the wrong way. So you can’t be anti-regulation if you are pro-market, it’s just a question of being surgical about it.'"
  • new york magazine
    Excerpt from New York Magazine -- "This gut-centric view of political psychology isn’t a new idea — researchers like Jonathan Haidt have been doing fascinating work that argues, at its core, that people don’t weigh evidence and then decide where they stand on an issue. Instead, moral impulses embedded deeply within them — impulses that vary widely across exactly the political divisions you’d expect — stack the deck beforehand. To Haidt and other researchers, the stories we tell ourselves and others about why we believe what we believe are mostly window dressing, forms of ex post facto justification for decisions really made at a baser level."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'This is not only about brand synergies, or exposure to a captive audience of ultra wealthy prospects,' she said. 'It is mainly of each brand’s elevated status just based on the fact that they can afford the expenditure required for their presence and events at Cannes."
  • business insider logo feature
    Excerpt from Business Insider -- "My own research on India's openness for the DHL Global Connectedness Index, which I prepare with my IESE business school colleague Steven A. Altman, indicates that India is still a relatively closed country in many aspects. The ratio of India's exports to its GDP has tripled over the past two decades, but across a broader range of indicators, the depth of India's global connectedness still ranks only 119th out of 140 countries."
  • time magazine logo feature
    Excerpt from TIME -- "Arun Sundararajan, an economist who reviewed the report, believes that Airbnb and its data are something of a red herring. While the site may lead to some units being taken off the market and to disturbances among neighbors who don’t like sharing their buildings with tourists, he says the housing options provided by Airbnb are likely drawing more tourists—and more revenue—to the city. The responsibility of Airbnb in yielding the current lack of housing in the city is 'sort of like a rounding error when you compare it to the population growth in San Francisco and the number of units that are rent-controlled.'"
  • cnbc logo feature
    Excerpt from CNBC -- "Bond investors shouldn't expect a 'rate riot or rate rage' when the Federal Reserve begins to raise interest rates because the central bank has already telegraphed what it is going to do, economist Nouriel Roubini said Tuesday. 'It's not going to be a significant surprise. As the economy recovers, as inflation goes higher, gradually long-term interest rates are going to go higher,' said the co-founder and chairman of Roubini Global Economics, also known as 'Dr. Doom.'"
  • marketplace radio logo feature
    Excerpt from Marketplace -- "'Nothing is forever in TV land,' says Sam Craig, a professor at New York University. After 15 seasons spanning 13 years, he says this is an 'inexorable movement.'"
  • xinhua logo feature
    Excerpt from Xinhua -- "'China's stock market volatility is quite normal, and let's not pretend that developed markets are immune to the same forces,' Jennifer Carpenter, an associate professor of finance at New York University, told Xinhua in a recent interview."
  • foreign policy logo feature
    Excerpt from Foreign Policy -- "As described in my book, Rebooting Democracy: A Citizen’s Guide to Reinventing Politics, a number of extraordinarily encouraging experiments along these lines have taken place in British Columbia, Oregon, and elsewhere over the last decade. What they all have in common is citizen deliberation: the use of large panels of randomly selected citizens to carefully reflect and decide on complex policy matters, a practice which dates back to ancient Greece. Expanding on this experience could usher in a fundamental change to the nature of government."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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