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| Kent P Kimbrough, Professor
 Kent P. Kimbrough earned his Ph.D. in economics from the University of Chicago. Afterward, he joined the economics department at Duke University in 1980. He offers courses to graduate and undergraduate students on material pertaining to international economics and macroeconomics.
He is currently teaching macroeconomic analysis, a workshop on international economics, and conducting a seminar in international monetary theory. Outside of the classroom, Kent has acted as mentor for many of his students, serving as chair position and committee member for several graduate dissertation committees and recruiting committees throughout his career.
When he is not working with his students, Kent conducts extensive research within his fields of interest. His specialties being international economics and macroeconomics, his work delves deeper into these areas by focusing on the topics of inflation tax, optimal taxation, the macroeconomic implications of trade policy and of tariffs, and the welfare and revenue effects of inflation. His recent studies explore “commercial policy and the incidence of poverty in popular trade models,” “international portfolio diversification, financial intermediation and financial controls,” and “foreign exchange controls and liquidity constraints in financial markets.”
Kent’s research findings and ideas have been published in numerous esteemed academic journals and books. His work has appeared in such journals as the Open Economies Review, the Journal of Monetary Economics, the Journal of Economic Integration, the International Review of Economics and Finance, and the Journal of Economic Literature. His contributions to chapters in books include The New Pelgrave Dictionary of Money and Finance, in which he discusses the inflation tax. He has written several book reviews and contributed to the editing process for the works of his students and colleagues.
His own published works are frequently referenced within others’ economic research. Another of Kent’s recent accomplishments was his completion of a textbook on international economics, written for undergraduate students. For much of Kent’s work, he is the sole author, although he has completed some of his articles in collaboration with other economists, including Grant W. Gardner and Jeremy Greenwood.
Outside of his duties as a professor and researcher, Kent is also the co-editor of the Southern Economic Journal.
- Contact Info:
Teaching (Spring 2012):
- ECON 199S.02, HONORS SEMINAR II
Synopsis
- Social Sciences 327, TuTh 08:30 AM-09:45 AM
- ECON 266S.01, INTERNAT MONETARY ECON
Synopsis
- Social Sciences 109, TuTh 10:05 AM-11:20 AM
- Education:
| PhD | University of Chicago | 1980 |
| A.M. | University of Chicago, Chicago, Illinois | 1978 |
| B.A. | Wake Forest University | 1976 |
- Specialties:
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Macroeconomics
- Research Interests: Macroeconomics and International Macroeconomics
Professor Kimbrough specializes in the fields of macroeconomics and international economics. His latest research explores the revenue maximizing inflation rate, optimal taxes and tariffs in the presence of private information, the welfare costs of inflation, and interest rate rules and uniqueness in the presence of transactions costs. In prior work he has investigated the macroeconomic effects of trade policy, the impact of bilateral tariffs, foreign exchange controls and capital controls, the real effects of inflation, optimal taxation and Friedman’s rule, and the information content of prices and the role of monetary policy. His most recent published work investigates “Optimal Taxes and Tariffs with Private Information” and “Revenue Maximizing Inflation.” His earlier work explored such subjects as “Price, Output, and Exchange Rate Movements in the Open Economy,” “Aggregate Information and the Role of Monetary Policy in an Open Economy,” “Foreign Aid and Optimal Fiscal Policy,” “An Investigation in the Theory of Foreign Exchange Controls,” “The Optimum Quantity of Money Rule in the Theory of Public Finance,” and “Tax Regimes, Tariff Revenues, and Government Spending.”
- Keywords:
- inflation • unemployment • fiscal policy • monetary policy • international trade • globalization
Bio- Current Ph.D. Students
- Selin Sayek
- Kivanc Kirgiz
- Kathryn Smith
- Cristina Arellano
- Representative Publications
(More Publications)
- K.P. Kimbrough, Optimal Taxes and Tariffs with Private Information,
Open Economies Review, vol. 19
(September, 2008),
pp. 411-22
- K.P. Kimbrough, Revenue Maximizing Inflation,
Journal of Monetary Economics, vol. 53
(November, 2006),
pp. 1967-1978
- K.P. Kimbrough with Grant W. Gardner, "Tax Regimes, Tariff Revenues, and Government Spending",
Economica, vol. 59
(February, 1992),
pp. 75-92
- K.P. Kimbrough, "The Optimal Quantity of Money Rule in the Theory of Public Finance",
Journal of Monetary Economics, vol. 18
(November, 1986),
pp. 277-84
- K.P. Kimbrough, "Aggregate Information and the Role of Monetary Policy in an Open Economy",
Journal of Political Economy, vol. 92
(April, 1984),
pp. 268-85
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