May 9, 2016
Macro Musings 05: Miles Kimball on Negative Interest Rates, Equity Requirements, and Schools of Thought in Macro
David Beckworth
Senior Research Fellow
Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.
Miles Kimball, professor of economics at the University of Michigan and blogger at “Confessions of a Supply-Side Liberal,” joins the show to discuss negative interest rates. Kimball explains how the natural rate of interest can go below zero and why central banks should act accordingly. He also makes the case for higher equity requirements for financial institutions.