The great demographic reversal : ageing societies, waning inequality, and an inflation revival

Charles Goodhart, Manoj Pradhan

This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world

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Year of publication:	[2020]
Authors:	Goodhart, Charles A. E. ; Pradhan, Manoj
Publisher:	Cham, Switzerland : Palgrave Macmillan
Subject:	Alternde Bevölkerung \| Aging population \| Inflation \| Wirtschaftswachstum \| Economic growth \| Soziale Ungleichheit \| Social inequality \| Welt \| World \| Demographie \| Sozialpolitik \| Makroökonomie \| Weltwirtschaft
Description of contents:	Description [gbv.de]

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Extent:	xx, 260 Seiten Diagramme
Type of publication:	Book / Working Paper
Language:	English
Notes:	Literaturverzeichnis: Seite 219-233 Introduction -- China: An Historic Mobilisation Ends -- The Great Demographic Reversal and Its Effect on Future Growth -- Dependency, Dementia and the Coming Crisis of Caring -- The Resurgence of Inflation -- The Determination of (Real) Interest Rates During the Great Reversal -- Inequality and the Rise of Populism -- The Phillips Curve -- ‘Why Didn’t It Happen in Japan?’ A Revisionist History of Japan’s Evolution -- What Could Offset Global Ageing? India/Africa, Participation and Automation -- The Debt Trap: Can We Avoid It? -- A Switch from Debt to Equity Finance? -- Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash -- Swimming Against the (Main)Stream -- Postscript: Future Imperfect After Coronavirus
ISBN:	978-3-030-42656-9 ; 978-3-030-42657-6 ; 978-3-030-42658-3
Other identifiers:	10.1007/978-3-030-42657-6 [DOI]
Classification:	Makroökonomie
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012659582