Faculty News
Prof. Kim Schoenholtz's blog post on negative nominal interest rates is cited
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Excerpt from The New York Times -- "Cecchetti and Schoenholtz argue that given a little time banks or other financial institutions ought to be able to store currency for clients at very low cost — as they say, turning back into the goldsmiths from which banks as we know them evolved — and might even be able to provide some checking-like services on the side."
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