The great demographic reversal : ageing societies, waning inequality, and an inflation revival / Charles Goodhart, Manoj Pradhan.
Goodhart, C. A. E. (Charles Albert Eric); Pradhan, Manoj.
2020
HF1359
Available Online

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Title The great demographic reversal : ageing societies, waning inequality, and an inflation revival / Charles Goodhart, Manoj Pradhan.
Author Goodhart, C. A. E. (Charles Albert Eric)
ISBN 9783030426576 (electronic book)
3030426572 (electronic book)
3030426564
9783030426569
DOI https://doi.org/10.1007/978-3-030-42657-6
https://doi.org/10.1007/978-3-030-42
Imprint Cham, Switzerland : Palgrave Macmillan, 2020.
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-3-030-42657-6 doi
10.1007/978-3-030-42
Call Number HF1359
Dewey Decimal Classification 337
Summary 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 worlds available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the worlds trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the worlds economy is going.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Added Author Pradhan, Manoj.
Available in Other Form Print version: 9783030426569
Linked Resources Online Access
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1. Introduction
2. China: A Historic Mobilization Ends
3. The Great Demographic Reversal and its Effect on Future Growth
4. Dependency, Dementia and the Coming Crisis of Caring
5. The Likely Resurgence of Inflation
6. The Determination of (Real) Interest Rates during the Great Reversal
7. Inequality and the Rise of Populism
8. The Phillips Curve
9. "Why Didnt It Happen in Japan?": A Revisionist History of Japans Evolution
10. What Could Offset Global Ageing? India/Africa, Participation and Automation
11. The Debt Trap: Can We Avoid It?
12. A Switch from Debt to Equity Finance?
13. Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash
14. Swimming Against the (Main)Stream.

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