Experience Stern | News & Events

Excerpt from Financial Times -- " ... 'rational expectations' practitioners, of whom Thomas Sargent is an acknowledged leader, might claim to derive inspiration from von Hayek’s earlier work on the role of markets and the use of knowledge in society (American Economic Review, 1945)."

Excerpt from CBS News -- "Smaller U.S. companies are starved for capital much the way that emerging markets, energy and commodities were 10 years ago." Additional coverage appeared in Business Insider.

Excerpt from New York Times -- "If government is inevitable, why not try to create the most effective one possible? Success requires focus and hard work, which in turn require dedicated and competent public servants. But experience shows that it’s possible."

Excerpt from Financial Times -- "According to a study this year by Michael Spence, a Nobel Prize-winning economist from Stanford University, and Sandile Hlatshwayo, all net job creation since 1990 has been in the 'non-tradable sector.'" Additional coverage appeared in US News & World Report.

Excerpt from Associated Press -- "Americans Christopher Sims and Thomas Sargent won the economics prize for describing the cause-and-effect relationship between the economy and government policy." Additional coverage appeared in Arirang News, Reuters Africa, Bloomberg, Gulf News, and MSNBC Photo blog.

Excerpt from The Economist -- "The Honduran regions are modelled on a concept called 'charter cities' developed by Paul Romer, an economics professor at New York University. The principle is simple: take a piece of uninhabited land big enough for a city of several million, govern it by well-tried rules and let those who like the idea move there."

Excerpt from The Economist -- "Amity Shlaes, an economic historian, argues that 'government intervention helped make the Depression Great.'" Additional coverage appeared in Crain's New York Business and PBS Newshour.

Excerpt from The Huffington Post -- "To actually resolve the liquidity crisis, Economides said, either the ECB would need to ramp up its purchase of government bonds, or the European Financial Stability Facility and the European Stability Mechanism -- two bailout funds -- would have to be expanded to contain enough money to be capable of bailing out both Italy and Spain and still have some money left over."

Excerpt from Media Matters for America -- " ... there are other ways to attack unemployment that could garner bipartisan support. Perhaps the most promising is a payroll tax holiday." Additional coverage appeared in New America Foundation, New York Times blog, and Phillyburbs.com.

Excerpt from ItaliaOggi -- "This means that they included 'individuals usually considered as the target of Apple, for example, creative people who work in advertising agencies as well as business executives,' Vicki Morwitz told ItaliaOggi (Italian to English translation)."

Excerpt from US News & World Report -- "Fiscal experts Martin Feldstein and Daniel Altman found that the 'most thoroughly researched effect of the existing UI system on unemployment is the increase in the duration of the unemployment spells.'"

Excerpt from International Herald Tribune -- ‘‘Customers may be happy to employ R&R, and pay some fees, but a public vouching may be more than the customer wants to do."  Additional coverage appeared on a New York Times blog.

Excerpt from Bloomberg TV -- "I think this is one of the many two-scenario situations where we could get a sufficient commitment from the European Union and the eurozone to prevent Italy from spiraling out of control even with a credible reform program or we could get some kind of deadlock in the process as they try to figure out what a fiscal union would look like and then I think most of us would probably want to take cover." Additional coverage appeared in Yahoo! Finance and Bloomberg Radio.

Excerpt from About.com -- "An assistant professor of Marketing at New York University's Stern School of Business, Hershfield found young people were more motivated to save for retirement when they saw older versions of themselves in a virtual world."

Excerpt from TV Guide -- "But the biggest change impacting late night is DVR playback, according to CBS research chief David Poltrack. Poltrack says DVR usage at 11:30 p.m. would collectively rate a 3.0 in adults 18-49, nearly doubling what Leno and Letterman rate combined."

Excerpt from Council on Foreign Relations -- "Experts analyze the current economic conditions around the world and discuss potential threats in 2012." Additional coverage appeared in Xinhua.

Excerpt from The Huffington Post -- "'The stock price gains of the companies whose clothes she wore in public appearances are cumulative abnormal returns. That is, the returns cannot be attributed to normal market variations. The stock price gains persist days after the outfit is worn and in some cases even trend slightly higher three weeks later,' [Yermack] told Harvard Business Review."

Excerpt from New York Observer -- "Little, Brown also just signed an Occupy anthology, "The Occupy Handbook," edited by Janet Byrne and including contributions from Paul Krugman and Robin Wells, Michael Lewis, Robert Reich, Nouriel Roubini, Robert Shiller, Barbara Ehrenreich, and Bethany McLean, among others."

Excerpt from Marketplace Radio -- "This year the GOP is fielding plenty of new candidates. John Huntsman and Mitt Romney have not represented a state in Washington. But Newt Gingrich is gaining popularity. Newt is not new."

Excerpt from Marketplace -- "He'd been out of the game for 10 years. And this is a very difficult game to leave for such a long time. Very hard to just go away for 10 years and come back and assume everything is the same."

Excerpt from The Wall Street Journal -- "Stephen Brown, a finance professor at New York University, says his research shows other investors don't lose out when investors like Mr. Buffett hide their stakes from the public. 'There's no way to make money' with a 'copycat' portfolio, he says."

Excerpt from Scientific American blog -- "Meet Jonathan Haidt, a professor ... who studies morality and emotion. If social psychology was a sport, Haidt would be a Phil Mickelson or Rodger Federer – likable, fun to watch and one of the best."

Excerpt from WNYC -- "A deep recession likely will lead to another financial panic that could spread around the world — an outcome that will be 'very painful,' [Roubini] said." Additional coverage appeared in NPR and The Huffington Post.

Excerpt from Slate -- "A progressive consumption tax may be our only politically realistic hope for ending the downturn quickly and limiting the growth in consumption inequality that has made life so much more difficult for the 99 percent." Additional coverage appeared on a Washington Post blog, Boston Review, Slate blog and Princeton University Press.

Excerpt from New York Post -- "The eurozone financial system is at serious risk of collapse — which would mean calamity for the US system, too. But our government’s not prepared."