Faculty News

Prof. Eric Greenleaf on identifying suitable sites for new elementary schools in lower Manhattan

Excerpt from Downtown Express -- “We need to be thinking about the long term. Once you’ve sold off a building it’s gone and it’s so hard to find a good building site Downtown for a school.”
Faculty News

An essay by Prof. Paul Romer on the rules that govern the financial system is referenced

Excerpt from Slate -- "I'm a big fan of Paul Romer's essay that draws a different kind of contrast between the way the FAA regulates aviation safety and the way OSHA regulates workplace safety and the implications for financial regulation."
Faculty News

Prof. Gino Cattani is highlighted as a new member of the Foundation Cassa di Lucca

Excerpt from La Nazione -- "The assembly also elected four new members: Professor Gino Cattani, an associate professor at the Stern School of Business at New York University ... (Italian to English translation)."
Faculty News

Prof. Amity Shlaes comments on Obama's plan to use tax breaks to bring companies back to the US

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Excerpt from Marketplace Radio -- "Obama wants to reward companies that create jobs here in the United States. One of the carrots is a tax credit for companies that move operations back here. Another would double tax breaks for high-tech factories making products here."
Faculty News

Prof. Edward Altman will present his credit research at PRMIA New York's meeting on February 21

Excerpt from PRMIA.org -- "Edward I. Altman, Max L. Heine Professor of Finance, Stern School of Business, New York University will present his annual credit research on defaults and market conditions."
Faculty News

Prof. Bryan Bollinger's research on the peer effects in the spread of solar panels is highlighted

Excerpt from Energy Priorities Magazine -- “'Peer Effects in the Diffusion of Solar Photovoltaic Panels' is a report co-authored by Bryan Bollinger, NYU Stern School of Business, and Kenneth Gillingham, Yale School of Forestry and Environmental Studies. The ten years of collected and analyzed data strongly suggest there is a causal peer effect."
Faculty News

Prof. Van Nieuwerburgh will speak at the Stanford European and Global Economic Crisis Series

Excerpt from Stanford Events -- "Professor Van Nieuwerburgh's research lies in the intersection of macroeconomics, asset pricing, and housing. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds."
Faculty News

Prof. Stephen Figlewski on companies writing put options on their own stock

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Excerpt from Global Finance Magazine -- "The issue of whether to let corporate end users off the hook is still pending. Until it’s settled, they can’t plan ahead."
Faculty News

Prof. Deepak Hegde's research on the US Patent and Trademark Office is featured

Excerpt from Nature Biotechnology -- "The article investigates concerns that the US Patent and Trademark Office (USPTO) is taking too long to examine patents and is granting patents of low quality."
Faculty News

A presentation by Nobel Laureate Prof. Michael Spence on the global economy is featured

Excerpt from IMD.org -- "Dr. Spence focused on the challenges posed by big structural shifts in the world economy, which he said could triple in size in the next 20 years, from about $60trn to $180-200trn."
Faculty News

Prof. Roy Smith on merging the US and German stock exchanges

Excerpt from Deutschlandfunk -- "If you look at only the European market, then the proportion would be 95 percent, and that would be highly monopolistic. When in Chicago, New York, the stock exchanges in Japan and China to take, then shrinks the market share together for ten to 15 percent (German to English translation)."
Faculty News

Member of the Executive Board and Prof. Richard Bernstein on hedge funds

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Excerpt from Financial Times -- “Traditional asset allocation has provided diversification, superior returns, liquidity and cheaper fees. Alternatives have under-performed, are highly correlated to other asset classes, hinder liquidity, and charge high fees. This seems to be a comparison of a superior, less expensive product to an inferior, more expensive product.”
Faculty News

An op-ed by Prof. Christopher Michaelson on the apparent irony this year at Davos

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Excerpt from The Huffington Post -- "As politically and economically motivated uprisings sprouted around the world this past year, these problems also coexisted at Davos, one seeking to help solve the other while at the same time being blamed for being its primary cause."
Faculty News

Prof. Jonathan Haidt is featured for his work on moral thinking

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Excerpt from The Atlantic -- "How much of moral thinking is innate? Haidt sees morality as a 'social construction' that varies by time and place. We all live in a 'web of shared meanings and values' that become our moral matrix, he writes, and these matrices form what Haidt, quoting the science-fiction writer William Gibson, likens to 'a consensual hallucination.'"
Faculty News

An op-ed by Prof. Evan Shapiro on the amateur talent shows on American TV

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Excerpt from The Huffington Post -- "If we genuinely long for a place for amateur performers to shine, if we sincerely want TV shows to help us find our next crop of young talent, then we MUST do some pruning." Additional coverage appeared in Popbytes.com.
Faculty News

Prof. Hal Hershfield's research on retirement savings is featured

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Excerpt from The Wall Street Journal blog -- "One reason we don’t save enough for retirement, [Hersfield and co-authors] suggest, is that we think of the person who will be withdrawing from our IRA not as ourselves, just at a different spot on the timeline, but as separate people entirely."
Faculty News

Prof. Arun Sundararajan on Twitter's new rules

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Excerpt from CBC -- "Technologies that are internet based always sort of stay one step ahead ... there's a simple way to get around [Twitter's new rules]."
Faculty News

Prof. Edward Altman's Z-Score for determining a company's bankruptcy risk is highlighted

Excerpt from Stockopedia -- "High Bankruptcy Risk - the so called 'Altman Z-Score' is a scoring system developed by Prof. Edward Altman in the 1970s to highlight companies with a significant risk of financial distress."
Faculty News

Prof. Stijn Van Nieuwerburgh on rent increases in Manhattan

Excerpt from Washington Square News -- "Stern professor Stijn Van Nieuwerburgh said this expected rent increase might affect the relationship between not only residents and landlords, but also employers and employees."
Faculty News

Prof. Anthony Karydakis on US consumer spending

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Excerpt from International Business Times -- "I do believe there is some underlying trend that gives us some reason to feel a little bit better about what lies ahead regarding spending, and the main reason is the labor market." Additional coverage appeared in Reuters.
Faculty News

Prof. Nouriel Roubini in the lack of global leadership in today's world

Excerpt from Public Service Europe -- "This doesn't look like a G20 world; it looks like a G-Zero world. There is disagreement. There is no leadership. In a world where we have the rise of many powers, the United States cannot impose its will." Additional coverage appeared in National Multimedia.
Faculty News

Prof. Greg Coleman is highlighted as a BuzzFeed advisor

Excerpt from All Things Digital -- "Fellow HuffPo cofounder Ken Lerer is also a BuzzFeed co-founder, and former HuffPo ad boss Greg Coleman has come on as an advisor."
Faculty News

Prof. Thomas Philippon's research on banker compensation is cited

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Excerpt from Financial Times -- "Take a look, for example, at the work by Thomas Philippon and Ariell Reshef, two US-based economists. They have researched trends in banker pay over the past 150 years and found that, in the early 20th century, financial sector pay relative to the rest of the private sector was roughly at parity ... "
Faculty News

Research Scholar Robert Frank on the causes of rising inequality

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Excerpt from Seeking Alpha -- "Probably the best account of the causes of rising inequality comes from Robert Frank. He notes that rising inequality is a phenomenon of virtually all professions and to a considerable extent the result of pay by relative performance."
Faculty News

Prof. Lawrence White comments on the euro zone crisis

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Excerpt from CNC World -- "There's a long-run problem that short-run austerity doesn't deal with and if the austerity is cutting into social investment, infrastructure, human investment, then that is not a recipe for long-term growth."

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