Jeff Borland

Jan 28, 2025 | onlinelibrary.wiley.com | Jeff Borland |Peter Dawkins |Ross Garnaut |Isaac Gross

1 Introduction The genesis of inflation outbreaks has historically been varied, but in the early 2020s, there is consensus that it was instigated by a combination of pandemic-induced supply chain disruptions, heightened public sector spending during the COVID years, and disruptions due to the Ukraine war.1 According to the Australian Bureau of Statistics, increases in the prices in both tradeable and non-tradable goods contributed to recent inflation (ABS Consumer Price Index, Australia).