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Frey comments on why sunbelt metro area economies are still struggling

Krause says having religious friends leads to gratitude, which is associated with better health

Work by Bailey and Dynarski on growing income gap in graduation rates cited in NYT

Highlights

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Michigan's graduate sociology program tied for 4th with Stanford in USN&WR rankings

Jeff Morenoff makes Reuters' Highly Cited Researchers list for 2014

Susan Murphy named Distinguished University Professor

Next Brown Bag

Monday, Sep 22
Paula Fomby (Michigan), Family Complexity, Siblings, and Children's Aggressive Behavior at School Entry

Miles Kimball

Kimball says negative nominal interest rates plus electronic money can smooth economy

a PSC In The News reference

"Can we get rid of inflation and recessions forever?" - Washington Post. 11/18/2013.

This interview outlines a proposal by Miles Kimball to use electronic money to allow central banks to set nominal interest rates less than zero. This, he says would encourage citizens in the direction needed by an economy in the short term, and would help smooth it in the long term. When an economy needs people to save, interest rates rise. When an economy needs people to invest and borrow, interest rates should be able to go negative. Kimball asserts: "We've blocked the economy's ability to get itself in balance by not having negative interest rates."

Researcher:

Miles Kimball

More Media Coverage:

Kimball's blog. Confessions of a Supply-Side Liberal. 6/17/2013.

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