Policy guard rails? Well, we need to address inflation at the root cause. first and foremost. Otherwise, all else is as pointless as pissing in the wind! The root cause of all current inflation and completely missed by the obfuscating author is entirely bound up in the current prohibitive cost of energy. No ifs, buts or maybes.

And the only viable solution is to transfer ASAP to homegrown nuclear energy. And must be owned and operated by Australians. As government funded and facilitated Ozzie energy co-ops!

Doing what you've always done and expecting a different outcome is insanity. And what we've always done is sell out to price gouging, tax avoiding profit repatriating, debt laden foreign investors, who invariably charge what the market will bear.

Even if that kills the economy and real disposable income! The nuclear option I'm talking about is, you guessed it, is thorium and energy prices as low as 3 cents or less PKWH! And too easy!

You want production gains then you need to provide ultra-affordable and reliable industrial energy! Not the verbose pollywaffle of the recalcitrant author. Cant died in a cornfield over a century ago.
Alan B.

The one & only hurdle in Economics is remuneration imbalance !