The Great Demographic Reversal
Ageing Societies, Waning Inequality, and an Inflation Revival
Read or listen offline
Right-click on the code to copy the image.
Note: On an ASP portal, the link behind the code is portal specific!
Recommendation
The two biggest economic phenomena of the last few decades have arguably been the rise of China and persistently low inflation and interest rates. Economists Charles Goodhart and Manoj Pradhan convincingly assert that these two developments are strongly linked. They say that the economic impact of demographics, especially China’s, is underappreciated, while the potency of monetary policy is overestimated. In this radical and incisive book, the authors claim that, as demographic and globalization pressures shift and as China’s economic strategies change, inflation will return with a vengeance.
Take-Aways
About the Authors
Charles Goodhart has served at the Bank of England and as a consultant to Morgan Stanley. Manoj Pradhan, previously a managing director at Morgan Stanley, is the founder of a macroeconomic research firm.
Comment on this summary or Start Discussion