Demography and globalisation: reversing trends

In this episode of The Sound of Economics, we invite Charles
Goodhart and Manoj Pradhan to talk about their most recent book:
'The Great Demographic Reversal’. They argue that trends in
demography and globalisation, especially the stunning rise of
China combining both, have greatly weakened labour bargaining
power and led to subsequent disinflation, inequality and falling
interest rates. But just as these demographic and globalisation
trends are now reversing, labour bargaining power will rise
again, bringing with it more inflation, less inequality and
rising interest rates. The coronavirus pandemic will only
accelerate this reversal.
Bruegel scholars Maria Demertzis and Guntram Wolff join the
authors for a conversation on ageing societies, waning
inequality, as well as an inflation revival.