Kent P. Kimbrough

Kent P. Kimbrough

Professor of Economics

External Address: 
227 Soc Sci Bldg, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
(919) 660-1811

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.”


  • Ph.D., University of Chicago 1980
  • M.A., University of Chicago 1978
  • B.A., Wake Forest University 1976

Kimbrough, KP. "Unique Monetary Equilibria with Interest Rate Rules: An Extension." Economics Letters 114, no. 2 (March 2012): 332-334. (Academic Article)

Kimbrough, KP, and Spyridopoulos, I. "The Welfare Cost of Inflation in Greece." South-Eastern Europe Journal of Economics 10, no. 1 (March 2012): 41-52. (Academic Article)

Kimbrough, KP. "Capital Accumulation and Economic Growth in a Small Open Economy." JOURNAL OF ECONOMIC LITERATURE 48, no. 4 (December 2010): 1041-1043.

Kimbrough, KP. "Review of foreign direct investment: Analysis of aggregate flows." INTERNATIONAL REVIEW OF ECONOMICS & FINANCE 18, no. 3 (June 2009): 531-532. Full Text

Kimbrough, KP. "Optimal Taxes and Tariffs with Private Information." Open Economies Review 19, no. 4 (September 2008): 411-422. Full Text

Kimbrough, KP. "Revenue maximizing inflation." Journal of Monetary Economics 53, no. 8 (November 2006): 1967-1978. Full Text Open Access Copy


Kimbrough, KP. ""Exchange Rate Regimes and the Real Exchange Rate"." Journal of Economic Integration 20 (March 1995): 49-71. (Academic Article)

Kimbrough, KP. "Optimal monetary policies and policy interdependence in the world economy." Journal of International Money and Finance 12, no. 3 (June 1993): 227-248. Full Text Open Access Copy

Kimbrough, KP. "Specialization, the Terms of Trade, and the International Transmission of Monetary Policies." The Canadian Journal of Economics 25, no. 4 (November 1992): 884-884. Full Text