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Stephen Kirchner Retweeted
That's easy: it's caused by being over 60.https://twitter.com/Claudia_Sahm/status/1452607485936799750 …
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Stephen Kirchner Retweeted
Contrary to what
@Planosopher suggests, no-one has ever said planning is the only cause of high house prices. It is the interaction of inelastic supply and rising demand that matters. Planning makes supply unnecessarily inelastic. 1/3https://www.smh.com.au/national/it-s-a-myth-that-increasing-supply-will-fix-sydney-s-soaring-house-prices-20211021-p591ua.html?utm_medium=Social&utm_source=Twitter#Echobox=1635056818-1 …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Secretive MoD ‘banking’ unit helps UK wage economic warfarehttps://www.ft.com/content/af703b19-7e1e-47b0-83fc-4d58d5b4da10 …
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Stephen Kirchner RetweetedThanks. Twitter will use this to make your timeline better. UndoUndo
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Stephen Kirchner Retweeted
This is the key challenge of our time. Arbitrary limits to new housing in places like LA mean their populations are countercyclical - the better the economy is the more people have to move away from those key cities, bc their housing stock can't grow as fast as a good economy. 1/pic.twitter.com/hd7rTTCASb
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Stephen Kirchner Retweeted
#China has increasingly engaged in coercive economic behaviour on an international scale.#Australia
and its allies will need to unite to coordinate a strong geoeconomic response, writes @USSC's Dr Stephen Kircher@insteconomics. https://www.internationalaffairs.org.au/australianoutlook/a-geoeconomic-alliance/ …pic.twitter.com/mnLM5tIJMe
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Stephen Kirchner Retweeted
Really excited for this event next Tuesday on the future of the
@RBAInfo. Getting macro policy right is so important to the wellbeing of Australians. Come along!https://twitter.com/GrattanInst/status/1451323810532270082 …
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Stephen Kirchner Retweeted
When I hear an Aussie arguing sports venues generate large economic impacts. https://twitter.com/Kevinandersonmp/status/1451082449031630853 …pic.twitter.com/m23zQEMzwJ
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Stephen Kirchner Retweeted
.
@doctorow: “Neoclassical economics … has no theory of prices” Milton Friedman, arguably the most influential intellectual leader of the neoclassical school of economic thought, literally wrote a book called “Price Theory”pic.twitter.com/5wQtaYeOxJ
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Chinese authorities struggling to contain a doubling in thermal coal futures prices, a negative supply shock exacerbated by the ban on Australian coal importshttps://www.bloomberg.com/news/articles/2021-10-20/stunning-coal-rally-halts-in-china-as-government-issues-warnings …
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See my Mercatus working paper 'Reforming Australian Monetary Policy' for where the RBA went wrong and how to fix it https://www.mercatus.org/system/files/kirchner_reforming-australian-monetary-policy_wp_mercatus_v1.pdf …
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Phil Lowe is wrong when he says other central banks have moved towards the RBA's approach. The US Fed's long-term strategy review rejected the RBA's let bygones-be-bygones approch to inflation targetinghttps://www.bloomberg.com/news/articles/2021-10-20/australian-central-bank-faces-pressure-to-follow-fed-with-review …
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Stephen Kirchner Retweeted
We really do have the best guests...
https://twitter.com/aggichristiane/status/1450798656806965255 …
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Claims that increased migration will dent wages growth and put the recovery at risk are mistaken. As Phil Lowe has noted, labour shortages will hold back economic growth and are themselves a risk to the recoveryhttps://www.smh.com.au/politics/federal/huge-migrant-shortfall-prompts-warning-surge-in-temporary-workers-could-dent-wages-20211020-p591kf.html …
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I made the case for catch-up immigration in my
@ussc report, "Avoiding US-Style Demographic Stagnation: The role of immigration and population growth in Australia’s post-pandemic recovery."Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
The federal government is considering re-jigging post-pandemic immigration policy https://www.smh.com.au/politics/federal/migration-rethink-hike-on-the-cards-for-post-pandemic-recovery-20211019-p5916r.html …https://www.smh.com.au/politics/federal/migration-rethink-hike-on-the-cards-for-post-pandemic-recovery-20211019-p5916r.html …
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Stephen Kirchner Retweeted
When you don’t have to buy bonds in order to try to meet the YCT.
#repopic.twitter.com/V52SHroxM5
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Stephen Kirchner Retweeted
I argue for redirecting Federal infrastructure spending to areas that build more housing. This would help overcome local opposition and expedite housing supply. In today's SMH and Age.https://www.theage.com.au/national/want-to-improve-housing-affordability-here-s-the-solution-20211019-p591dn.html …
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Stephen Kirchner Retweeted
János Kornai (1928-2021) passed away. Rest in peace.pic.twitter.com/k0Fn2M3WJW
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Stephen Kirchner Retweeted
My understanding is Singapore officials conveyed this view privately to US officials during recent visits. Another sign that those who think China will be blocked from joining risk not reading correctly the mood in much of the region, which sees Chinese involvement positivelyhttps://twitter.com/EvanFeigenbaum/status/1449520694128173056 …
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