Seminar

Demography, Inequality and Inflation

Florence School of Banking and Finance executive seminar

Add to calendar 2021-07-15 14:30 2021-07-15 15:45 Europe/Paris Demography, Inequality and Inflation Online event YYYY-MM-DD
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When

15 July 2021

14:30 - 15:45 CEST

Where

Online event

Charles Goodhart & Manoj Pradhan will present their new book 'The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival'

The rise of China and global demography created a ‘sweet spot’ that has dictated the path of inflation, interest rates, and inequality over the last three decades. However, we are at a point of inflexion, accelerated by the COVID-19 pandemic. As that sweet spot turns sour, the multi-decade trends that demography brought about are set for a dramatic reversal.

Charles Goodhart & Manoj Pradhan‘s new book, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, (2020), discusses the implications of this at length. Many of their conclusions are controversial. Neither financial markets nor policymakers are prepared for a significant rise in inflation and wages, or a rise in nominal interest rates. Our other predictions are more benign – productivity will rise and labour will reclaim a greater share of national output, reducing the inequality that has led to so much social and political upheaval. Of one thing we are sure: the future will be nothing like the past.

Speaker:

Charles Goodhart (London School of Economics)

Manoj Pradhan (Talking Heads Macroeconomics)

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