Kenneth Kuttner
Williams College, Professor of Economics. Areas of expertise include macroeconomics, monetary policy, macroprudential policy, and the Japanese economy.

How Low Can We Go? Prospects for Negative Interest Rates

September 17, 2019

The Issue:

There is increasing speculation regarding whether the Federal Reserve might set a negative target for the federal funds rate should the economy enter a recession. If it did, the Fed would not be the first central bank to do so. Although negative policy rates have been rare until recently, the European

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What is Modern Monetary Theory?

June 7, 2019

The Issue:

Modern Monetary Theory (MMT) has attracted attention, especially among many who see in it a support for greater government spending. Representative Alexandria Ocasio-Cortez (D-NY) says MMT should be “a larger part of the conversation” and Senator Bernie Sanders (I-VT) has drawn on the advice of Professor

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