# Prof. Nouriel Roubini's op-ed on negative interest rates is highlighted

1 Faculty News March 9, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/ebffee56-c361-11e4-9c27-00144feab7de.html#axzz3UYSlpel4) -- "[Nouriel Roubini](http://www.stern.nyu.edu/faculty/bio/nouriel-roubini) offers a very level-headed reminder that the point of negative interest rates is just the same reason we want low interest rates in normal cases of weak demand. Their job is to reduce excess savings and stimulate aggregate spending."

[Read more](http://www.ft.com/intl/cms/s/0/ebffee56-c361-11e4-9c27-00144feab7de.html#axzz3UYSlpel4)