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Warren Hogan

Inflation fight needs fiscal policy

It would be easier to believe in the RBA’s hopes for a soft landing if governments were stepping up to correct their overspending.

Warren HoganEconomist
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The costs of ridding an economy of inflation are astronomical. Paul Volcker, then-chairman of the US Federal Reserve, had to put the economy into recession, twice, in the early 1980s.

Federal Treasurer Jim Chalmers (left) can’t leave it all to Reserve Bank governor Philip Lowe.  AP

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Warren Hogan is managing director of  EQ Economics.
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    Original URL: https://www.afr.com/policy/economy/inflation-fight-needs-fiscal-policy-20221114-p5by4v