The Great Demographic Reversal by Goodhart and Pradhan should be required reading for policymakers and the believers of a quick return to 2% inflation. I see your demographics argument echoes Goodhart and Pradhan. I would also add re-shoring (de-globalization) and decarbonization as inflationary factors.
The Great Demographic Reversal by Goodhart and Pradhan should be required reading for policymakers and the believers of a quick return to 2% inflation. I see your demographics argument echoes Goodhart and Pradhan. I would also add re-shoring (de-globalization) and decarbonization as inflationary factors.
Great article Danny!