Opinion
Jobless targets at cross purposes
Philip Lowe wants unemployment closer to 4 per cent. But if Josh Frydenberg starts budget repair now the rate has dipped under 6 per cent the fiscal headwind will make the RBA’s inflation mandate harder to achieve.
Paul BloxhamEconomistLast year the economic policy response to the COVID-19 crisis was strong and highly co-ordinated. This year the trade-offs are more complex and the cracks are starting to show.
The challenges reflect the differing goals of the monetary and fiscal policymakers, the political backdrop and the limits of the policy tools available.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles