If unemployment is the cure for inflation, who pays the price?

Emma Power; Emma Mitchell; Ilan Wiesel

If unemployment is the cure for inflation, who pays the price?

Emma Power, Emma Mitchell, Ilan Wiesel

School of Communication, Society and Culture

Research output: Contribution to Newspaper/Magazine/Website › Article

Abstract

In recent weeks, economists have argued that a certain level unemployment is a necessary condition for the economy to function. They have argued that the Reserve Bank of Australia may need to raise interest rates higher, to increase unemployment, which is currently too low, in order to bring inflation under control.

Original language	English
Specialist publication	The Point, Australia Institute
Publisher	Australia Institute
Publication status	Published - 12 Mar 2026

Access to Document

https://thepoint.com.au/opinions/260311-if-unemployment-is-the-cure-for-inflation-who-pays-the-price

Cite this

@misc{ae3c2a1816274b769552e9fd755f3b9e,

title = "If unemployment is the cure for inflation, who pays the price?",

abstract = "In recent weeks, economists have argued that a certain level unemployment is a necessary condition for the economy to function. They have argued that the Reserve Bank of Australia may need to raise interest rates higher, to increase unemployment, which is currently too low, in order to bring inflation under control.",

author = "Emma Power and Emma Mitchell and Ilan Wiesel",

year = "2026",

month = mar,

day = "12",

language = "English",