America's inflation rate has risen to 5.4 per cent, reflecting shortages and higher prices for food, energy and housing. Are there implications for Australia? How Europe's Carbon Border Adjustments will affect Australian exporters and emissions. Plus, how the Nobel economics prize winners better estimated the effects of immigration and the minimum wage.Guests:Jason Murphy, economistTennant Reed, climate, energy and environment policy analyst, The Australian Industry GroupProfessor Richard Holden, Future Fellow, UNSW Business School

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