Experience Stern | News & Events

On September 26, 2011 the NYU Stern Center for Global Economy and Business, led by Professor Kermit Schoenholtz, hosted Dr. Duvvuri Subbarao, Governor of the Reserve Bank of India.

Excerpt from The Wall Street Journal -- "Thomas J. Sargent of New York University and Christopher A. Sims of Princeton University were honored Monday 'for their empirical research on cause and effect in the macroeconomy,' said the Royal Swedish Academy of Sciences, which awards the prize."

Excerpt from the CBS Early Show -- "The best thing politicians can do is quickly reach compromises and have coherent plans going forward."

Excerpt from SmartMoney -- "Lady Gaga has intrinsic intelligence in a number of areas. She is an absolute genius at branding and marketing. Lady Gaga has 14 million twitter followers. That's clout."  Additional coverage appeared in The Wall Street Journal.

Excerpt from Financial Times -- "The Trium Executive MBA class of 2012 have raised thousand of dollars from their classmates and and employers to invest in social enterprise initiatives around the world. Trium is one of the world’s top EMBAs - MBAs for working managers - and the degree is awarded by three business schools, the Stern School at New York University, HEC in Paris and the London School of Economics."

Excerpt from Inc. Magazine -- "Cut costs where the competition can't. When you reduce prices, you decrease profits and shrink margins. ... A business needs deep pockets to win at defensive pricing, says Ari Ginsberg, a New York University management professor."

Excerpt from Reuters -- "Former British and Spanish Prime Ministers Gordon Brown and Felipe Gonzalez, WTO chief Pascal Lamy and leading economist Nouriel Roubini speak at a Nicolas Berggruen forum on the G20."  Additional coverage appeared on CNBC.

Excerpt from Reuters -- "[Thomas Philippon] said regulations that require banks to hold more capital to defend against a crisis means taxpayers won't have to bail them out, a net positive for the economy."

Excerpt from Bloomberg -- “Everybody who’s been negative on the banks has been right, and if you’re positive on the banks you’re taking a risk."  Additional coverage appeared in Bloomberg Businessweek, China Daily and Money Morning.

Excerpt from Bloomberg -- "Economist Nouriel Roubini told a forum in Seoul yesterday that Europe’s response to [South Korea's] debt crisis risks being 'too little, too late.'"  Additional coverage appeared in Bloomberg Businessweek.

Excerpt from The new York Times -- "In awarding the 2011 Nobel in economic sciences to Christopher Sims and Thomas Sargent, the prize committee has rewarded two towering intellects — and delivered a challenge to politicians who are driven more by ideology than by serious consideration of the real-world consequences of their actions."  Additional coverage appeared in The New York Times, three New York Times blogs, a New Yorker blog, Livemint, NYU Local, Washington Square News, three Financial Times pieces, Bloomberg, Bloomberg Businessweek, The Wall Street Journal, VoxEU and New York Magazine.

Excerpt from Business Standard -- "Professor Acharya draws two implications, and I agree with both. The first is that the natural tendency of a government-supported institution will be to take on risky behaviour, and strong supervision is needed to counteract these tendencies."

Excerpt from CNBC -- “Election years aren't always volatile, but I think the 2012 election has brought out the worst in both the incumbents and those running to replace them—not enough focus on the real issues, ridiculous plans and grandstanding."

Excerpt from The Wall Street Journal -- "Financial markets become more volatile in periods of stress. People don't know which way things are going to go, so you get these big up and down movements as people pile in and get out."

Excerpt from The New York Times -- "The Nobel prize in economic science was awarded Monday to Thomas J. Sargent at New York University and Christopher A. Sims at Princeton University for their research looking at the cause-and-effect relationship between economic policy and the broader economy."  Additional coverage appeared in The Wall Street Journal, Financial Times, CNBC, two NPR pieces, Bloomberg, BBC, Reuters, DNA India, Baltimore Sun, Chicago Tribune, Jerusalem Post, Associated Press, WQOW, The Republic, WRAL, TheStreet.com, two Washington Post pieces, Yahoo! News, 9and10news.com, KPMH, Irish Times, The Hindu, American Spectator blog, Focus News Agency, Washington Post blog, Business Insider, Business and Leadership, among other outlets.

Excerpt from CNN -- "'We're basically statistical historians,' Sargent said Monday. 'We comb past economic events to give us clues what will happen in the future.'"  Additional coverage appeared on MSNBC, Crain's New York Business, ABC News, Bloomberg, Bloombeg Businessweek, Voice of America, BBC, The Economist blog, TIME blog, The Huffington Post, The Atlantic, Harvard Magazine, The Guardian, among other outlets.

Excerpt from the MIT Sloan Management Review -- "Recent research by MIT’s Sinan Aral, Erik Brynjolfsson and Marshall Van Alstyne found that people who send short e-mails are likely to get responses more quickly than those who send longer, less focused ones — important, since getting faster responses translates into better productivity."

Excerpt from Barron's -- "The euro is an economic solution to a political problem: What to do with a united Germany? But the euro zone that's going to survive isn't the same as the one that was born. It's a bit like what Ben Franklin said about hanging alone if you don't hang together."

Excerpt from New America Foundation -- "Recovery from what already has been dubbed the “Great Recession” has been so weak thus far that real GDP has yet to surpass its previous peak. And yet, already there are signs of renewed recession."  Additional coverage appeared on Yahoo! Finance, The Daily Beast and The Huffington Post.

Excerpt from Foreign Policy -- "It takes a lot of different manifestations, but we live in a world with a lot of economic insecurity, of worries about the future, of inequality, poverty, of concerns about jobs."  Additional coverage appeared in a New York Times blog.

Excerpt from USA Today -- "People are spreading primetime throughout the day to watch their favorite programs at their convenience."

Excerpt from Science Magazine -- "NYU economist David Backus says Sargent and Sims have had a profound influence on hundreds of students ... Both are known for their devotion to mentoring, Backus says."

Excerpt from International Business Times -- "My obsession with understanding how people change recently led to a psychologist ... Jonathan Haidt. He has a change model that I think is one of the best that I have ever come across, because of its simplicity."

Excerpt from the University of Texas at Austin News -- "Litan's book "Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity" (co-authored with Kauffman Foundation president Carl Schramm and New York University professor William Baumol) has been translated into 10 languages and is used as a college text around the world."  Additional coverage appeared in the University of Texas School of Law Magazine.

Excerpt from Reuters -- "Here are the last 10 winners of the Economics prize: 2011 Thomas Sargent (United States) ... 2003 Robert Engle (United States) ... "  Additional coverage appeared on CNBC.