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Smock discusses the "new American family" on NPR

Pfeffer and colleagues re-examine impacts of community college attendance

Frey explains the minority-majority remapping of America

Highlights

Apply for 2-year NICHD Postdoctoral Fellowships that begin September 2015

PSC Fall 2014 Newsletter now available

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

Next Brown Bag

Monday, Dec 1
Linda Waite, Health & Well-Being of Adults over 60

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Kimball's argument against paper currency cited in NYT column on ECB's negative interest rates

a PSC In The News reference

"Europe Gets Negative Interest Rates. What Does That Even Mean?" - New York Times. 06/04/2014.

On June 5, 2014 the European Central Bank adopted a negative interest rate policy for the 18 euro currency nations, a measure designed to stimulate the economy. However, because this policy may ultimately affect commercial bank customers in the form of zero interest paid on deposits and fees charged for accounts, the ECB is also concerned about large-scale withdrawals from the banking system. What to do? This column points to Miles Kimball's position that if paper money could be all but eliminated in favor of electronic money, "the so-called zero lower bound on interest rates would no longer exist, and central banks could easily set negative interest rates in a depressed economy to encourage more spending and investment."

Kimball's QUARTZ column on e-money

Researcher:

Miles Kimball

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