ANALYSIS: Experts divided on how to stop inflation from rising even higher
was an achievement that should be celebrated, rather than put at risk without a good reason.
Curtin University macro-economist Harry Bloch made the point that while measures to suppress demand in Europe and the United States would indeed have an impact on global energy and food prices, that wasn't true of measures to suppress demand in Australia, which is too small to influence global prices.
Mala Raghavan from the University of Tasmania and Leonora Risse from RMIT University suggested winding back or delaying spending in two areas where it was clear the government was contributing to domestically-driven higher prices: subsidies for, and spending on, construction and infrastructure.
Federation University's Margaret McKenzie suggested investigating blockages in supply chains and offering diplomatic and industry support to bust them.The most popular idea for directly restraining prices was increased subsidies for childcare, supported by 25 per cent of the economists surveyed, several of whom suggested it could also boost the supply of workers who had previously been prevented from working by unaffordable childcare.
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