Microeconomic Reform Policy (1 Viewer)

[porkchopz]

Hallohallohallo
I was wondering if anyone could tell me how the microeconomic reform policy is used to control the rate of inflation.
Thank You :apig:

 

[i-color]

speciifcally for inflation, structural change has allowed a higher rate of economic growth to be achieved without threatening inflation (ie sustainable rate of economic growth). So whereas before, the sustainable rate of eo growth was 3-4% without having inflation increase, now it's 3.5-4.5%.

also enterprise bargaining/labour market reform --> wage growth in line with productivity growth --> restrains cost push inflation
--> ability to contain inflation between 2-3%

 

[porkchopz]

thank you=)