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Lam says tightening global labor market good for American workers

Johnston says e-cigs may reverse two-decades of progress on smoking reduction

Mueller-Smith finds incarceration increases the likelihood of committing more, and more serious, crimes

Highlights

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Elizabeth Bruch wins ASA award for paper in mathematical sociology

Next Brown Bag

PSC Brown Bags will be back fall 2015


Miles Kimball

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

a PSC In The News reference, 2013

"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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