Institutional Economics

Institutional Economics

Home
Notes
Chat
Bluesky
Archive
About
When virtue is its own reward: the July RBA MPB minutes
Plus, the August TACO value pack
 • 
Stephen Kirchner
6
Abundance, YIMBY, neo-liberalism and libertarianism
Taking the win on supply-side progressivism
 • 
Stephen Kirchner
Yet another TACO Tuesday
Plus, grading the year ahead consensus; and the new RBA Statement on the Conduct of Monetary Policy
 • 
Stephen Kirchner
3
From 'liberation day' to Independence Day
Learning that Lerner symmetry is a bitch
 • 
Stephen Kirchner

June 2025

US exceptionalism without the exceptionalism
What emerging market equities tell us about US policy
 • 
Stephen Kirchner
2
From trade war to war war
Plus, voting records on the new RBA Monetary Policy Board
 • 
Stephen Kirchner
TACO hell and the 'mob of macro intelligentsia'
Plus, US and Australian Q2 inflation; and QT and bond yields
 • 
Stephen Kirchner
Measuring uncertainty and its economic implications
Uncertainty is quantifiable and not all that uncertain in its effects
 • 
Stephen Kirchner

May 2025

TACO Tuesday, judgement day for IEEPA and Trump's new war on foreign investment
Plus, a short intellectual history of fiscal policy and interest rates
 • 
Stephen Kirchner
Moody blues
Treasury yields, risk premia and institutional quality
 • 
Stephen Kirchner
'Peak' tariffs, Trump puts and bond vigilantism
Why the tariffs are disinflationary
 • 
Stephen Kirchner
The Trump effect on Australia's federal election
When the narrative identification writes itself
 • 
Stephen Kirchner
© 2025 Stephen Kirchner
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture