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Shaefer says the details matter in child tax reform

Prescott says Michigan's restrictive sex offender law hurts social reentry

Yang's work suggests Hurricane Maria will prompt increased migration from Puerto Rico to US

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Highlights

ASA President Bonilla-Silva takes exception with Chief Justice Roberts' 'gobbledygook' jab

Nobel laureate Angus Deaton, David Lam, and colleagues discuss global poverty, 10/5, 4pm

James Jackson named inaugural recipient of U-M Diversity Scholar Career Award

HomeLab grand opening

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Next Brown Bag

Mon, Oct 23, 2017, noon: Carol Shiue, "Social Mobility in China, 1300-1800"

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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