Kent P. Kimbrough, Professor and Director of Graduate Studies for the MA Program

Kent P. Kimbrough

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.”

Office Location:  227 Soc Sci Bldg, Durham, NC 27708
Office Phone:  (919) 660-1811
Email Address: send me a message
Web Page:  http://www.econ.duke.edu/Econ/Faculty/Users/kkimbrough.html

Teaching (Fall 2019):

Teaching (Spring 2020):

Education:

Ph.D.University of Chicago1980
A.M.University of Chicago, Chicago, Illinois1978
M.A.University of Chicago1978
B.A.Wake Forest University1976
Specialties:

International Economics and Finance
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.”

Areas of Interest:

Role of the inflation tax
Welfare and revenue effect of inflation
Macroeconomic implications of tax policy
Optimal taxation

Keywords:

inflation • unemployment • fiscal policy • monetary policy • international trade • globalization

Current Ph.D. Students  

Representative Publications

  1. Kimbrough, KP, Optimal taxes and tariffs with private information, Open Economies Review, vol. 19 no. 4 (September, 2008), pp. 411-422, Springer Nature, ISSN 0923-7992 [doi]  [abs]
  2. Kimbrough, KP, Revenue maximizing inflation, Journal of Monetary Economics, vol. 53 no. 8 (November, 2006), pp. 1967-1978, Elsevier BV, ISSN 0304-3932 [repository], [doi]  [abs]
  3. Gardner, GW; Kimbrough, KP, Tax Regimes, Tariff Revenues and Government Spending, Economica, vol. 59 no. 233 (February, 1992), pp. 75-75, JSTOR, ISSN 0013-0427 [Gateway.cgi], [doi]
  4. Kimbrough, KP, The optimum quantity of money rule in the theory of public finance, Journal of Monetary Economics, vol. 18 no. 3 (January, 1986), pp. 277-284, Elsevier BV, ISSN 0304-3932 [repository], [doi]  [abs]
  5. Kimbrough, KP, Aggregate Information and the Role of Monetary Policy in an Open Economy, Journal of Political Economy, vol. 92 no. 2 (April, 1984), pp. 268-285, University of Chicago Press, ISSN 0022-3808 [Gateway.cgi], [doi]