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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.

Book Publisher:

Palgrave Macmillan