Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Xu et al find lower cognition at midlife for adults born during China's 1959-61 famine

UM's Wolfers on separating deep expertise from partisanship in analyses of economic condtions

Findings by Burgard, Kalousova, and Seefeldt on the mental health impact of job insecurity

More News

Highlights

Apply by Jan 8 for NIA-supported PSC post-doc fellowship, to begin Sept 1, 2018

On Giving Blue Day, help support the next generation through the PSC Alumni Grad Student Support Fund or ISR's Next Gen Fund

Bailey et al. find higher income among children whose parents had access to federal family planning programs in the 1960s and 70s

U-M's campus climate survey results discussed in CHE story

More Highlights

Next Brown Bag

Mon, Jan 22, 2018, noon: Narayan Sastry

story art

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

a PSC In The News reference, 2014

"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

View News Archive