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Why Ben Chifley came to fear the ‘Chifley overwrite’
A brief history and partial defence of Section 11 of the RBA Act
6 hr ago
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Stephen Kirchner
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Why Ben Chifley came to fear the ‘Chifley overwrite’
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‘Supply, supply, supply’: you’re hearing it more and more
Housing supply and economic illiteracy are solvable problems
Jun 3
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Stephen Kirchner
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‘Supply, supply, supply’: you’re hearing it more and more
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May 2023
Don’t mention the Review: the May RBA Board minutes
Plus, the microdata revolution and public policy; US Q2 output gap nowcast and May non-farm payrolls; the mind of Ueda; and the G7 comes full circle
May 26
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Stephen Kirchner
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Don’t mention the Review: the May RBA Board minutes
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
Part 2, Chapters 6-8: New Keynesian, MMT and libertarian approaches to monetary policy
May 20
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Stephen Kirchner
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
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A new monthly CPI: not before time
Plus, the US debt ceiling negotiations: this time is different
May 14
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Stephen Kirchner
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A new monthly CPI: not before time
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
Chapters 4 and 5: ‘The end of macroeconomics as we know it’
May 10
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Stephen Kirchner
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
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The Big Aussie Short at the cash rate cycle peak: not so big
Plus, the next RBA Governor is...; and Ian Macfarlane and Bill Evans on the RBA review
May 5
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Stephen Kirchner
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The Big Aussie Short at the cash rate cycle peak: not so big
stephenkirchner.substack.com
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April 2023
Next week’s RBA Board meeting: will the RBA review lead to higher interest rates?
Plus, the US Q1 real output and NGDP gaps, Q2 output gap nowcast and US April #NFPguesses
Apr 29
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Stephen Kirchner
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Next week’s RBA Board meeting: will the RBA review lead to higher interest rates?
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The end of RBA exceptionalism: how Australian political science misunderstood the Reserve Bank
Plus, John Edwards’ defence of the status quo
Apr 24
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Stephen Kirchner
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The end of RBA exceptionalism: how Australian political science misunderstood the Reserve Bank
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Reflections on the RBA Review final report
What the review panel didn’t say
Apr 21
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Stephen Kirchner
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Reflections on the RBA Review final report
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
Chapter 3: The Princeton School and the Zero Lower Bound
Apr 19
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Stephen Kirchner
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Book club: Scott Sumner’s ‘Alternative Approaches to Monetary Policy’
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RBA review panel report to be released ‘in the next couple of weeks’ with 51 recommendations: Treasurer
Plus, the WEAI Monetary Panel
Apr 17
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Stephen Kirchner
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RBA review panel report to be released ‘in the next couple of weeks’ with 51 recommendations: Treasurer
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