Faculty News

Prof. Anthony Karydakis on US employment growth

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Excerpt from Reuters -- "There is an extremely elevated degree of anxiety that has dominated recently, both the corporate and the consumer sectors. This tends to aggravate what started initially as a moderate slowdown in economic activity in the spring."  Additional coverage appeared on MSNBC.
Faculty News

NYU Stern's Systemic Risk Rankings are highlighted

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Excerpt from Seeking Alpha -- "What does it take to be number one? Two is not a winner. Three no one remembers. Bank of America is number one on the Bank Loser Board. The Loser Board is created by NYU Stern."
Faculty News

Prof. Nouriel Roubini on the negative outlook for the US economy

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Excerpt from CNBC -- "Worries about default spooking investors, sending european shares plummeting to an 11-month low and as tensions grow abroad, recession jitters escalate here at home. The bears are out. Is your money safe?"  Additional coverage appeared on Capital.gr and Bloomberg.
Faculty News

Nobel Laureate Prof. Michael Spence on the impact of globalization on income and unemployment

Excerpt from Benzinga.com -- "Before you fire off a hot email defending the wonderfulness of "free" trade (there is no "free" trade, there are only trade policies with implicit incentives), please read Globalization and Unemployment The impact of globalization on income and employment by Nobel laureate Michael Spence."  Additional coverage appeared on Of Two Minds.
Faculty News

A paper by Nobel Laureate Prof. Michael Spence on the benefits of college is referenced

Excerpt from The Jerusalem Post -- "A related, more subtle possibility, analyzed in detail in a famous paper by economist Michael Spence decades ago, is that college is a way of proving to employers how smart and capable you are."
Faculty News

Member of the NYU Executive Board and Prof. Richard Bernstein on emerging markets

Excerpt from MoneyShow.com -- "Bernstein pointed out that “the S&P has been outperforming BRICs for the last three and a half years,” although the broader emerging-markets index is slightly ahead of the S&P for that period."  Additional coverage appeared on Seeking Alpha.
Faculty News

Member of the Executive Board and Prof. Richard Bernstein on US stimulus spending

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Excerpt from CNBC -- "I think investors got caught up in Washington's political rhetoric. They just decided the rules of economics don't apply anymore. You may not have liked how the government was spending money, but it was still spending and that's still stimulus," said Richard Bernstein.  Additional coverage appeared in The Wall Street Journal.
Faculty News

Prof. Paul Romer is highlighted for his work on the economics of technical change

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Excerpt from The Globe and Mail -- "The Stanford economist Paul Romer -- whose seminal work on the economics of technical change inspired what came to be known as endogenous growth theory -- says that when he came to economics from physics, he was puzzled by what economists called 'production'."
Faculty News

Nobel Laureate Prof. Michael Spence on China's economic growth

Excerpt from TheAge.com -- "[Michael Spence's] key insight about China is striking - that the sudden burst of growth that has revolutionised global economics and politics was the result of a conscious decision made by just a handful of people."  Additional coverage appeared on NineMSN.com.
Faculty News

Nobel Laureate Prof. Michael Spence on China's approach to emissions standards

Excerpt from The Sydney Morning Herald -- ''China is starting to internalise these things,'' Professor Spence said. "They are coming to realise that they will soon be big enough economically to put pressure on the entire globe's environment."
Faculty News

Prof. Lawrence White on the risk of another US recession

Excerpt from Bloomberg -- "Martin Feldstein, an economics professor at Harvard University, Bill Gross, portfolio manager at Pacific Investment Management Co., Lawrence White, economics professor at New York University's Stern School of Business, Hugh Johnson, chairman of Hugh Johnson Advisors LLC, and Barton Biggs, managing partner and co-founder of Traxis Partners LP, talk about the risk of another U.S. recession."
Faculty News

Nobel Laureate Prof. Michael Spence on China's economic outlook

Excerpt from Sydney Morning Herald -- "'How long have they got? How much longer can China's extraordinary explosion of economic growth continue,' I ask Michael Spence down a phone line to Italy, where he lives six months of the year. 'I think the answer is something like two decades, in the later part of that they will start to slow down,' he says."
Faculty News

Prof. Paul Romer on obstacles facing US economic growth

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Excerpt from The Wall Street Journal -- "Paul Romer, a New York University economist who has spent his career thinking about economic growth, calls this time the "Great Distress," a period of pain that he predicts will last five or even 10 years."  Additional coverage appeared in The Atlantic.
Faculty News

Prof. Nouriel Roubini on the likelihood of a third round of quantitative easing

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Excerpt from Forbes -- "Today, on the heels of currency market intervention by Japan and Switzerland, Roubini predicted that a third round of quantitative easing here in the United States, tweeting, “QE3 started in Japan & Switzerland via fx action &/or monetary easing. Fed will eventually get to QE3 but it will be too little too late.”
Faculty News

Prof. Batia Wiesenfeld on the downsizing of banks and brokerages

Excerpt from FINS Finance -- "Batia Wiesenfeld, a management professor at New York University's Stern School of Business, said banks and brokerages tend to let months pass between when they announce layoffs and when they cut workers, a tedious period that cultivates brain-drain."  Additional coverage appeared on Glassdoor.com.
Faculty News

Prof. Nouriel Roubini is cited for his Keynesian background

Excerpt from GlobalResearch.ca -- "[President Obama] was in a position to change the terms of the policy discussion by appointing advisors with a Keynesian background. Economists like Joseph Stiglitz, Paul Krugman, Nouriel Roubini and James K. Galbraith were willing to take on this responsibility."
Faculty News

Prof. Nouriel Roubini on UK gilt rates

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Excerpt from a Financial Times blog -- "Many economists believe that UK gilt rates have not only fallen because of Britain’s economic relative credibility compared to certain eurozone nations and the USA. (Nouriel Roubini has dubbed it 'a beauty contest about the least ugly')."  Additional coverage appeared in The Independent.
Faculty News

Prof. Aswath Damodaran on the repercussions of the US debt ceiling debate

Excerpt from BVWire News -- "The US will not default next week or in the near future, even if there is no debt ceiling legislation passed by August 2. However, the damage has already have been done."
School News

NYU Stern is highlighted for using the integrated social software Socialtext

Excerpt from Education Letter -- "More than 6,500 businesses worldwide have accelerated their business performance with Socialtext, including Egon Zehnder, Getty Images, Symantec, Meredith Corporation, NYU Stern, OSIsoft, and Epitaph Records."
Faculty News

Prof. David Poltrack on selling commercial time based on viewers’ tastes and attitudes to media

Excerpt from Deadline.com -- "The idea, according to Poltrack, is to move away from the simple but perhaps outdated demographic analysis that divides TV watchers by age and sex. Instead, Poltrack offered six “demand profit pool personas” that might serve as valuable targets for marketers."  Additional coverage appeared on Variety, a Variety.com blog, FilmSchoolRejects.com and Mediapost.com.
School News

Vice Chairman of NYU's Trustees and Vice Chairman of Stern's Overseers Kenneth Langone is featured

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Excerpt from The Wall Street Journal -- "The Mayor's Fund's federal tax return shows it operates out of city offices under a contract and supports various city programs, including those aimed at poverty and planting trees. Its board members include bold-face names and philanthropists such as Kenneth Langone, former chairman of the New York Stock Exchange."
Faculty News

Prof. Lawrence White on the US debt-limit compromise

Excerpt from Bloomberg -- "Sean Egan, president of Egan-Jones Ratings Co., Lawrence White, economics professor at New York University's Stern School of Business, and Bloomberg News reporter David Lynch talk about the U.S. debt-limit compromise signed into law today and the outlook for Treasuries and the economy. They speak with Pimm Fox on Bloomberg Television's 'Taking Stock.'"  Additional coverage appeared on Bloomberg TV and Seeking Alpha.
Faculty News

Prof. Aswath Damodaran's research on stocks is featured

Excerpt from Motley Fool - "Study after study has shown that stocks with low price-to-earnings multiples significantly outperform high P/E stocks. Research from my favorite investing guru, NYU professor Aswath Damodaran, pegged the outperformance at anywhere from 9% to 12% per year, depending on the study period."
Faculty News

NYU Stern Faculty Authors of "Guaranteed to Fail" on Mortgage Finance Reform

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Excerpt from Reuters -- "Economist Lawrence J White, who teaches at New York University's Stern School of Business, and three Stern colleagues – Viral Acharya, Matthew Richardson and Stijn Van Nieuwerburgh – said in a recently published book, Guaranteed to fail: Fannie Mae, Freddie Mac and the debacle of mortgage finance, that a new approach is needed to revitalize housing finance."
Faculty News

Prof. Baruch Lev on the benefits of corporate contributions to nonprofits

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Excerpt from TheStreet.com -- "The evidence shows that, done the right way, corporate contributions can indeed be good for both the company performance and society," says Baruch Lev, director of the Vincent C. Ross Institute of Accounting Research and the Philip Bardes Professor of Accounting and Finance at the NYU Stern School of Business.  Additional coverage appeared on DigitalJournal.com, KCTV5.com, The Sacramento Bee and ABC12.com.

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