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Buchmueller says employee wages are hit harder than corporate profits by rising health insurance costs

Davis-Kean et al. link children's self-perceptions to their math and reading achievement

Yang and Mahajan examine how hurricanes impact migration to the US

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Pamela Smock elected to PAA Committee on Publications

Viewing the eclipse from ISR-Thompson

Paula Fomby to succeed Jennifer Barber as Associate Director of PSC

PSC community celebrates Violet Elder's retirement from PSC

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Next Brown Bag

Mon, Sept 11, 2017, noon:
Welcoming of Postdoctoral Fellows: Angela Bruns, Karra Greenberg, Sarah Seelye and Emily Treleaven

Miles Kimball

Kimball says U.S. should prepare for negative interest rates

a PSC In The News reference, 2015

"Could negative rates be next on the Fed's policy menu?" - CNBC. 09/20/2015.

Negative interest rates mean that businesses and consumers are essentially paid to borrow money, which may stimulate growth via their subsequent investment in the economy. Although only theoretical in the U.S., Miles Kimball says negative interest rates can be a critical central banking tool in ending recessions and fighting deflation. While Kimball doesn't believe negative rates are necessarily appropriate for the U.S. today, he wants to make sure "that the intellectual foundation for negative interest rates is laid in time for the next recession."

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Researcher:

Miles Kimball

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