Institutional Economics

Institutional Economics

Home
Notes
Bluesky
Archive
About

Productivity and inflation, then and now

Plus, Bruce Preston joins the RBA Monetary Policy Board
READ THE LATEST
The debasement trade meets the Warsh steepener
The dangers of a less activist Fed
 • Stephen Kirchner
Three Cuts Forward, Four Hikes Back
The SMP suggests that interest rates will surge past their Covid peak
Published on Gross National Product • 
Dollar dominance, with Chinese characteristics
What China can learn from the failure of JPY internationalisation
 • Stephen Kirchner
The housing wealth that isn't
More expensive housing makes us poorer
 • Stephen Kirchner
Did Nouriel Roubini curse US exceptionalism?
Mind the financial repression
 • Stephen Kirchner
Statement on the Federal Reserve
The Federal Reserve’s independence and the public’s perception of that independence are critical for economic performance, including achieving the goals…
Published on Statement on the Federal Reserve • 
Scott Sumner's 'core' nominal GDP concept
Plus, revisiting Singapore after 25 years; and RBA Review implementation
 • Stephen Kirchner
Kevin Hassett Has a Strategy to Become Fed Chair: If Trump Doesn’t Like His Principles, He Has Others
That this free market economist is singing the praises of tariffs and state ownership of companies means he’ll be the president’s puppet if appointed
Published on The UnPopulist • 
2025 in charts
The year that was
 • Stephen Kirchner
Institutional Economics
Institutional Economics
Economics, finance and public policy.
Recommendations
View all 24
Asia Decoded
Asia Decoded
Priyanka Kishore
User's avatar
Darcy Allen: Technology and Prosperity
Darcy Allen
User's avatar
Policy Insights
Scott Prasser
User's avatar
Money Fetish
Marcus Nunes
The Debt Dispatch
The Debt Dispatch
Romina Boccia
Fellow Travellers
APAC Daily Chart Book
Andrew Norton
Higher ed policy guru
Basil Halperin
PhD Student in Economics at MIT
The Pursuit of Happiness
Scott Sumner
Podcasts
Macro Musings
David Beckworth

Institutional Economics

AboutArchiveRecommendationsSitemap
© 2026 Stephen Kirchner · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture