The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2020
|
| Schlagworte: | |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (272 Seiten) |
| ISBN: | 9783030426576 |
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| 505 | 8 | |a Intro -- Preface (April 4 Version) -- Contents -- Abbreviations -- List of Diagrams -- List of Tables -- 1 Introduction -- 1.1 The Demographic 'Sweet Spot': How the Fundamental Forces of Demography, China and Globalisation Shaped Our Economies in Recent Decades -- 1.1.1 The Rise of China... -- 1.1.2 ...and the Re-integration of Eastern Europe -- 1.1.3 Benign Demography in the AEs -- 1.1.4 The Economic Effects Have Been Dramatic -- 1.1.5 Social Effects: Winners, Losers and Inequality -- 1.2 The Great Reversal Is Now Starting-The Sweet Spot Turns Sour -- 1.2.1 The Sweet Spot Is Turning Sour -- 1.2.2 Care for the Aged Raises Economic Costs Dramatically -- 1.2.3 Slowing Globalisation -- 1.2.4 Economic Effects -- 1.3 Where Could We Be Wrong? -- 1.3.1 How Could All of This Leave Policy and Policymakers Unscathed? -- 2 China: An Historic Mobilisation Ends -- 2.1 Three Acts of History that Shaped China's Place in the World -- 2.2 Centralisation of Economic Power, Decentralisation of Political Power -- 2.3 China's Great Reversal -- 3 The Great Demographic Reversal and Its Effect on Future Growth -- 3.1 The Demographic Sweet Spot.... Slowly Turning Sour -- 3.2 The Demographic Cycle: Uniform Geographically, Lopsided Economically -- 3.3 Output Growth -- 4 Dependency, Dementia and the Coming Crisis of Caring -- 4.1 Introduction -- 4.2 Ageing Is Hazardous -- 4.3 The Costs of Dementia -- 4.4 Implications for the Macro-Economy -- 4.4.1 The Growing Redirection of the Labour Force into Health Care -- 4.4.2 The Supply of Carers -- 4.4.3 The Changing Life Cycle -- 5 The Resurgence of Inflation -- 5.1 Inflation as the Product of the Outcome Between Savings and Spending -- 5.1.1 Inflation from Dependents Versus Deflation from Workers -- 5.1.2 The Phillips Curve and the Impending Rise of the NRU. | |
| 505 | 8 | |a 5.2 Sectoral Balances: Private Sector Surplus Set to Erode, Can the Government Reduce Its Deficit? -- 5.2.1 The Household Sector Surplus Is Set to Erode -- 5.2.2 The Unusual Surplus of the (Non-financial) Corporate Sector Should Move into Deficit -- 5.2.3 Will the Public Sector Really Be Able to Reverse Its Deficits in a Time of Ageing? -- 5.3 Overall Macroeconomic Effects -- 6 The Determination of (Real) Interest Rates During the Great Reversal -- 6.1 Introduction -- 6.2 Will Declining Growth Cause Real Interest Rates to Remain Low? -- 6.3 Sectoral Changes in ex ante Savings and Investment -- 6.3.1 The Personal Sector: The Life Expectancy-Retirement Age Gap, and China -- 6.3.2 How Will the Non-financial Corporate Sector Respond? a Tricky Story -- 6.3.3 And What About the Public Sector? -- 6.4 Risk Aversion and a Shortage of Safe Assets? -- 6.5 Political Pressures -- 6.6 Conclusion -- 7 Inequality and the Rise of Populism -- 7.1 Introduction -- 7.2 Inequality -- 7.3 Explanations of Rising Inequality -- 7.3.1 Ineluctable Trends -- 7.3.2 Technological Changes -- 7.3.3 Concentration and Monopoly Power -- 7.3.4 Globalisation and Demography -- 7.4 The Rise of Populism -- 8 The Phillips Curve -- 8.1 Introduction: The Historical Development -- 8.2 A Horizontal Phillips Curve? -- 8.2.1 The Phillips Curve Is Dead -- 8.2.2 Expectations Dominate? -- 8.2.3 Successful Monetary Policies -- 8.2.4 A Changing Structure of Employment -- 8.2.5 A Greater Role for Global Factors -- 8.2.6 A Shifting NRU -- 9 'Why Didn't It Happen in Japan?' A Revisionist History of Japan's Evolution -- 9.1 Introduction: Flaws in the Conventional Analysis -- 9.2 Domestic Investment-The Boom and the Bust -- 9.2.1 Corporate Expansion-The Heady Years -- 9.2.2 From a Multi-Decade Boom to a Multi-Decade Investment Recession -- 9.2.3 Outbound FDI: The Investment Boom Outside Japan's Borders | |
| 505 | 8 | |a 9.2.4 Why Has Outbound FDI Not Received Greater Attention? -- 9.3 The Changing Composition of Domestic Production and Employment -- 9.3.1 Globalisation -- 9.3.2 'Insiders' vs 'Outsiders' -- 9.3.3 Participation -- 9.3.4 Why the West Won't Follow Japan -- 10 What Could Offset Global Ageing? India/Africa, Participation and Automation -- 10.1 At Home: Automation, Participation, Migration -- 10.2 Can India and Africa Offset Demographic Headwinds in the Ageing Economies? -- 11 The Debt Trap: Can We Avoid It? -- 11.1 Introduction -- 11.2 The Build-Up of Debt -- 11.2.1 Households -- 11.2.2 Corporates -- 11.2.3 Public Sector -- 11.3 Can We Escape the Debt Trap? -- 11.3.1 Growth -- 11.3.2 Unexpected Inflation -- 11.3.3 Renegotiation -- 11.3.4 Default -- 12 A Switch from Debt to Equity Finance? -- 12.1 Introduction -- 12.2 Levelling the Net Fiscal Advantages of Debt and Equity -- 12.2.1 ACE-A Tax Allowance for Equities? -- 12.2.2 Border Taxes -- 12.3 Reforming the Incentive Structure for Corporate Managers -- 13 Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash -- 13.1 Introduction: The Rocky Road Ahead -- 13.2 Two Things Are Inevitable: Old Age and Taxes -- 13.2.1 Reforming the Basis of Corporation Tax -- 13.2.2 A Land Tax -- 13.2.3 A Carbon Tax, Aka, Let's Put a Smile on Greta's Face -- 13.2.4 DBCFT -- 13.3 Monetary Policy -- 14 Swimming Against the (Main)Stream -- 14.1 Our Approach and Main Thesis -- 14.2 Where and Why Does the Mainstream Disagree with Us? -- Postscript: Future Imperfect After Coronavirus -- References -- Index | |
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| contents | Intro -- Preface (April 4 Version) -- Contents -- Abbreviations -- List of Diagrams -- List of Tables -- 1 Introduction -- 1.1 The Demographic 'Sweet Spot': How the Fundamental Forces of Demography, China and Globalisation Shaped Our Economies in Recent Decades -- 1.1.1 The Rise of China... -- 1.1.2 ...and the Re-integration of Eastern Europe -- 1.1.3 Benign Demography in the AEs -- 1.1.4 The Economic Effects Have Been Dramatic -- 1.1.5 Social Effects: Winners, Losers and Inequality -- 1.2 The Great Reversal Is Now Starting-The Sweet Spot Turns Sour -- 1.2.1 The Sweet Spot Is Turning Sour -- 1.2.2 Care for the Aged Raises Economic Costs Dramatically -- 1.2.3 Slowing Globalisation -- 1.2.4 Economic Effects -- 1.3 Where Could We Be Wrong? -- 1.3.1 How Could All of This Leave Policy and Policymakers Unscathed? -- 2 China: An Historic Mobilisation Ends -- 2.1 Three Acts of History that Shaped China's Place in the World -- 2.2 Centralisation of Economic Power, Decentralisation of Political Power -- 2.3 China's Great Reversal -- 3 The Great Demographic Reversal and Its Effect on Future Growth -- 3.1 The Demographic Sweet Spot.... Slowly Turning Sour -- 3.2 The Demographic Cycle: Uniform Geographically, Lopsided Economically -- 3.3 Output Growth -- 4 Dependency, Dementia and the Coming Crisis of Caring -- 4.1 Introduction -- 4.2 Ageing Is Hazardous -- 4.3 The Costs of Dementia -- 4.4 Implications for the Macro-Economy -- 4.4.1 The Growing Redirection of the Labour Force into Health Care -- 4.4.2 The Supply of Carers -- 4.4.3 The Changing Life Cycle -- 5 The Resurgence of Inflation -- 5.1 Inflation as the Product of the Outcome Between Savings and Spending -- 5.1.1 Inflation from Dependents Versus Deflation from Workers -- 5.1.2 The Phillips Curve and the Impending Rise of the NRU. 5.2 Sectoral Balances: Private Sector Surplus Set to Erode, Can the Government Reduce Its Deficit? -- 5.2.1 The Household Sector Surplus Is Set to Erode -- 5.2.2 The Unusual Surplus of the (Non-financial) Corporate Sector Should Move into Deficit -- 5.2.3 Will the Public Sector Really Be Able to Reverse Its Deficits in a Time of Ageing? -- 5.3 Overall Macroeconomic Effects -- 6 The Determination of (Real) Interest Rates During the Great Reversal -- 6.1 Introduction -- 6.2 Will Declining Growth Cause Real Interest Rates to Remain Low? -- 6.3 Sectoral Changes in ex ante Savings and Investment -- 6.3.1 The Personal Sector: The Life Expectancy-Retirement Age Gap, and China -- 6.3.2 How Will the Non-financial Corporate Sector Respond? a Tricky Story -- 6.3.3 And What About the Public Sector? -- 6.4 Risk Aversion and a Shortage of Safe Assets? -- 6.5 Political Pressures -- 6.6 Conclusion -- 7 Inequality and the Rise of Populism -- 7.1 Introduction -- 7.2 Inequality -- 7.3 Explanations of Rising Inequality -- 7.3.1 Ineluctable Trends -- 7.3.2 Technological Changes -- 7.3.3 Concentration and Monopoly Power -- 7.3.4 Globalisation and Demography -- 7.4 The Rise of Populism -- 8 The Phillips Curve -- 8.1 Introduction: The Historical Development -- 8.2 A Horizontal Phillips Curve? -- 8.2.1 The Phillips Curve Is Dead -- 8.2.2 Expectations Dominate? -- 8.2.3 Successful Monetary Policies -- 8.2.4 A Changing Structure of Employment -- 8.2.5 A Greater Role for Global Factors -- 8.2.6 A Shifting NRU -- 9 'Why Didn't It Happen in Japan?' A Revisionist History of Japan's Evolution -- 9.1 Introduction: Flaws in the Conventional Analysis -- 9.2 Domestic Investment-The Boom and the Bust -- 9.2.1 Corporate Expansion-The Heady Years -- 9.2.2 From a Multi-Decade Boom to a Multi-Decade Investment Recession -- 9.2.3 Outbound FDI: The Investment Boom Outside Japan's Borders 9.2.4 Why Has Outbound FDI Not Received Greater Attention? -- 9.3 The Changing Composition of Domestic Production and Employment -- 9.3.1 Globalisation -- 9.3.2 'Insiders' vs 'Outsiders' -- 9.3.3 Participation -- 9.3.4 Why the West Won't Follow Japan -- 10 What Could Offset Global Ageing? India/Africa, Participation and Automation -- 10.1 At Home: Automation, Participation, Migration -- 10.2 Can India and Africa Offset Demographic Headwinds in the Ageing Economies? -- 11 The Debt Trap: Can We Avoid It? -- 11.1 Introduction -- 11.2 The Build-Up of Debt -- 11.2.1 Households -- 11.2.2 Corporates -- 11.2.3 Public Sector -- 11.3 Can We Escape the Debt Trap? -- 11.3.1 Growth -- 11.3.2 Unexpected Inflation -- 11.3.3 Renegotiation -- 11.3.4 Default -- 12 A Switch from Debt to Equity Finance? -- 12.1 Introduction -- 12.2 Levelling the Net Fiscal Advantages of Debt and Equity -- 12.2.1 ACE-A Tax Allowance for Equities? -- 12.2.2 Border Taxes -- 12.3 Reforming the Incentive Structure for Corporate Managers -- 13 Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash -- 13.1 Introduction: The Rocky Road Ahead -- 13.2 Two Things Are Inevitable: Old Age and Taxes -- 13.2.1 Reforming the Basis of Corporation Tax -- 13.2.2 A Land Tax -- 13.2.3 A Carbon Tax, Aka, Let's Put a Smile on Greta's Face -- 13.2.4 DBCFT -- 13.3 Monetary Policy -- 14 Swimming Against the (Main)Stream -- 14.1 Our Approach and Main Thesis -- 14.2 Where and Why Does the Mainstream Disagree with Us? -- Postscript: Future Imperfect After Coronavirus -- References -- Index |
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| id | DE-604.BV048226085 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:44Z |
| indexdate | 2024-07-10T09:32:30Z |
| institution | BVB |
| isbn | 9783030426576 |
| language | English |
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| spelling | Goodhart, Charles Verfasser aut The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival Cham Springer International Publishing AG 2020 ©2020 1 Online-Ressource (272 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Preface (April 4 Version) -- Contents -- Abbreviations -- List of Diagrams -- List of Tables -- 1 Introduction -- 1.1 The Demographic 'Sweet Spot': How the Fundamental Forces of Demography, China and Globalisation Shaped Our Economies in Recent Decades -- 1.1.1 The Rise of China... -- 1.1.2 ...and the Re-integration of Eastern Europe -- 1.1.3 Benign Demography in the AEs -- 1.1.4 The Economic Effects Have Been Dramatic -- 1.1.5 Social Effects: Winners, Losers and Inequality -- 1.2 The Great Reversal Is Now Starting-The Sweet Spot Turns Sour -- 1.2.1 The Sweet Spot Is Turning Sour -- 1.2.2 Care for the Aged Raises Economic Costs Dramatically -- 1.2.3 Slowing Globalisation -- 1.2.4 Economic Effects -- 1.3 Where Could We Be Wrong? -- 1.3.1 How Could All of This Leave Policy and Policymakers Unscathed? -- 2 China: An Historic Mobilisation Ends -- 2.1 Three Acts of History that Shaped China's Place in the World -- 2.2 Centralisation of Economic Power, Decentralisation of Political Power -- 2.3 China's Great Reversal -- 3 The Great Demographic Reversal and Its Effect on Future Growth -- 3.1 The Demographic Sweet Spot.... Slowly Turning Sour -- 3.2 The Demographic Cycle: Uniform Geographically, Lopsided Economically -- 3.3 Output Growth -- 4 Dependency, Dementia and the Coming Crisis of Caring -- 4.1 Introduction -- 4.2 Ageing Is Hazardous -- 4.3 The Costs of Dementia -- 4.4 Implications for the Macro-Economy -- 4.4.1 The Growing Redirection of the Labour Force into Health Care -- 4.4.2 The Supply of Carers -- 4.4.3 The Changing Life Cycle -- 5 The Resurgence of Inflation -- 5.1 Inflation as the Product of the Outcome Between Savings and Spending -- 5.1.1 Inflation from Dependents Versus Deflation from Workers -- 5.1.2 The Phillips Curve and the Impending Rise of the NRU. 5.2 Sectoral Balances: Private Sector Surplus Set to Erode, Can the Government Reduce Its Deficit? -- 5.2.1 The Household Sector Surplus Is Set to Erode -- 5.2.2 The Unusual Surplus of the (Non-financial) Corporate Sector Should Move into Deficit -- 5.2.3 Will the Public Sector Really Be Able to Reverse Its Deficits in a Time of Ageing? -- 5.3 Overall Macroeconomic Effects -- 6 The Determination of (Real) Interest Rates During the Great Reversal -- 6.1 Introduction -- 6.2 Will Declining Growth Cause Real Interest Rates to Remain Low? -- 6.3 Sectoral Changes in ex ante Savings and Investment -- 6.3.1 The Personal Sector: The Life Expectancy-Retirement Age Gap, and China -- 6.3.2 How Will the Non-financial Corporate Sector Respond? a Tricky Story -- 6.3.3 And What About the Public Sector? -- 6.4 Risk Aversion and a Shortage of Safe Assets? -- 6.5 Political Pressures -- 6.6 Conclusion -- 7 Inequality and the Rise of Populism -- 7.1 Introduction -- 7.2 Inequality -- 7.3 Explanations of Rising Inequality -- 7.3.1 Ineluctable Trends -- 7.3.2 Technological Changes -- 7.3.3 Concentration and Monopoly Power -- 7.3.4 Globalisation and Demography -- 7.4 The Rise of Populism -- 8 The Phillips Curve -- 8.1 Introduction: The Historical Development -- 8.2 A Horizontal Phillips Curve? -- 8.2.1 The Phillips Curve Is Dead -- 8.2.2 Expectations Dominate? -- 8.2.3 Successful Monetary Policies -- 8.2.4 A Changing Structure of Employment -- 8.2.5 A Greater Role for Global Factors -- 8.2.6 A Shifting NRU -- 9 'Why Didn't It Happen in Japan?' A Revisionist History of Japan's Evolution -- 9.1 Introduction: Flaws in the Conventional Analysis -- 9.2 Domestic Investment-The Boom and the Bust -- 9.2.1 Corporate Expansion-The Heady Years -- 9.2.2 From a Multi-Decade Boom to a Multi-Decade Investment Recession -- 9.2.3 Outbound FDI: The Investment Boom Outside Japan's Borders 9.2.4 Why Has Outbound FDI Not Received Greater Attention? -- 9.3 The Changing Composition of Domestic Production and Employment -- 9.3.1 Globalisation -- 9.3.2 'Insiders' vs 'Outsiders' -- 9.3.3 Participation -- 9.3.4 Why the West Won't Follow Japan -- 10 What Could Offset Global Ageing? India/Africa, Participation and Automation -- 10.1 At Home: Automation, Participation, Migration -- 10.2 Can India and Africa Offset Demographic Headwinds in the Ageing Economies? -- 11 The Debt Trap: Can We Avoid It? -- 11.1 Introduction -- 11.2 The Build-Up of Debt -- 11.2.1 Households -- 11.2.2 Corporates -- 11.2.3 Public Sector -- 11.3 Can We Escape the Debt Trap? -- 11.3.1 Growth -- 11.3.2 Unexpected Inflation -- 11.3.3 Renegotiation -- 11.3.4 Default -- 12 A Switch from Debt to Equity Finance? -- 12.1 Introduction -- 12.2 Levelling the Net Fiscal Advantages of Debt and Equity -- 12.2.1 ACE-A Tax Allowance for Equities? -- 12.2.2 Border Taxes -- 12.3 Reforming the Incentive Structure for Corporate Managers -- 13 Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash -- 13.1 Introduction: The Rocky Road Ahead -- 13.2 Two Things Are Inevitable: Old Age and Taxes -- 13.2.1 Reforming the Basis of Corporation Tax -- 13.2.2 A Land Tax -- 13.2.3 A Carbon Tax, Aka, Let's Put a Smile on Greta's Face -- 13.2.4 DBCFT -- 13.3 Monetary Policy -- 14 Swimming Against the (Main)Stream -- 14.1 Our Approach and Main Thesis -- 14.2 Where and Why Does the Mainstream Disagree with Us? -- Postscript: Future Imperfect After Coronavirus -- References -- Index Globalization-Economic aspects Demographie (DE-588)4011412-0 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Demographie (DE-588)4011412-0 s Makroökonomie (DE-588)4037174-8 s DE-604 Pradhan, Manoj Sonstige oth Erscheint auch als Druck-Ausgabe Goodhart, Charles The Great Demographic Reversal Cham : Springer International Publishing AG,c2020 9783030426569 |
| spellingShingle | Goodhart, Charles The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival Intro -- Preface (April 4 Version) -- Contents -- Abbreviations -- List of Diagrams -- List of Tables -- 1 Introduction -- 1.1 The Demographic 'Sweet Spot': How the Fundamental Forces of Demography, China and Globalisation Shaped Our Economies in Recent Decades -- 1.1.1 The Rise of China... -- 1.1.2 ...and the Re-integration of Eastern Europe -- 1.1.3 Benign Demography in the AEs -- 1.1.4 The Economic Effects Have Been Dramatic -- 1.1.5 Social Effects: Winners, Losers and Inequality -- 1.2 The Great Reversal Is Now Starting-The Sweet Spot Turns Sour -- 1.2.1 The Sweet Spot Is Turning Sour -- 1.2.2 Care for the Aged Raises Economic Costs Dramatically -- 1.2.3 Slowing Globalisation -- 1.2.4 Economic Effects -- 1.3 Where Could We Be Wrong? -- 1.3.1 How Could All of This Leave Policy and Policymakers Unscathed? -- 2 China: An Historic Mobilisation Ends -- 2.1 Three Acts of History that Shaped China's Place in the World -- 2.2 Centralisation of Economic Power, Decentralisation of Political Power -- 2.3 China's Great Reversal -- 3 The Great Demographic Reversal and Its Effect on Future Growth -- 3.1 The Demographic Sweet Spot.... Slowly Turning Sour -- 3.2 The Demographic Cycle: Uniform Geographically, Lopsided Economically -- 3.3 Output Growth -- 4 Dependency, Dementia and the Coming Crisis of Caring -- 4.1 Introduction -- 4.2 Ageing Is Hazardous -- 4.3 The Costs of Dementia -- 4.4 Implications for the Macro-Economy -- 4.4.1 The Growing Redirection of the Labour Force into Health Care -- 4.4.2 The Supply of Carers -- 4.4.3 The Changing Life Cycle -- 5 The Resurgence of Inflation -- 5.1 Inflation as the Product of the Outcome Between Savings and Spending -- 5.1.1 Inflation from Dependents Versus Deflation from Workers -- 5.1.2 The Phillips Curve and the Impending Rise of the NRU. 5.2 Sectoral Balances: Private Sector Surplus Set to Erode, Can the Government Reduce Its Deficit? -- 5.2.1 The Household Sector Surplus Is Set to Erode -- 5.2.2 The Unusual Surplus of the (Non-financial) Corporate Sector Should Move into Deficit -- 5.2.3 Will the Public Sector Really Be Able to Reverse Its Deficits in a Time of Ageing? -- 5.3 Overall Macroeconomic Effects -- 6 The Determination of (Real) Interest Rates During the Great Reversal -- 6.1 Introduction -- 6.2 Will Declining Growth Cause Real Interest Rates to Remain Low? -- 6.3 Sectoral Changes in ex ante Savings and Investment -- 6.3.1 The Personal Sector: The Life Expectancy-Retirement Age Gap, and China -- 6.3.2 How Will the Non-financial Corporate Sector Respond? a Tricky Story -- 6.3.3 And What About the Public Sector? -- 6.4 Risk Aversion and a Shortage of Safe Assets? -- 6.5 Political Pressures -- 6.6 Conclusion -- 7 Inequality and the Rise of Populism -- 7.1 Introduction -- 7.2 Inequality -- 7.3 Explanations of Rising Inequality -- 7.3.1 Ineluctable Trends -- 7.3.2 Technological Changes -- 7.3.3 Concentration and Monopoly Power -- 7.3.4 Globalisation and Demography -- 7.4 The Rise of Populism -- 8 The Phillips Curve -- 8.1 Introduction: The Historical Development -- 8.2 A Horizontal Phillips Curve? -- 8.2.1 The Phillips Curve Is Dead -- 8.2.2 Expectations Dominate? -- 8.2.3 Successful Monetary Policies -- 8.2.4 A Changing Structure of Employment -- 8.2.5 A Greater Role for Global Factors -- 8.2.6 A Shifting NRU -- 9 'Why Didn't It Happen in Japan?' A Revisionist History of Japan's Evolution -- 9.1 Introduction: Flaws in the Conventional Analysis -- 9.2 Domestic Investment-The Boom and the Bust -- 9.2.1 Corporate Expansion-The Heady Years -- 9.2.2 From a Multi-Decade Boom to a Multi-Decade Investment Recession -- 9.2.3 Outbound FDI: The Investment Boom Outside Japan's Borders 9.2.4 Why Has Outbound FDI Not Received Greater Attention? -- 9.3 The Changing Composition of Domestic Production and Employment -- 9.3.1 Globalisation -- 9.3.2 'Insiders' vs 'Outsiders' -- 9.3.3 Participation -- 9.3.4 Why the West Won't Follow Japan -- 10 What Could Offset Global Ageing? India/Africa, Participation and Automation -- 10.1 At Home: Automation, Participation, Migration -- 10.2 Can India and Africa Offset Demographic Headwinds in the Ageing Economies? -- 11 The Debt Trap: Can We Avoid It? -- 11.1 Introduction -- 11.2 The Build-Up of Debt -- 11.2.1 Households -- 11.2.2 Corporates -- 11.2.3 Public Sector -- 11.3 Can We Escape the Debt Trap? -- 11.3.1 Growth -- 11.3.2 Unexpected Inflation -- 11.3.3 Renegotiation -- 11.3.4 Default -- 12 A Switch from Debt to Equity Finance? -- 12.1 Introduction -- 12.2 Levelling the Net Fiscal Advantages of Debt and Equity -- 12.2.1 ACE-A Tax Allowance for Equities? -- 12.2.2 Border Taxes -- 12.3 Reforming the Incentive Structure for Corporate Managers -- 13 Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash -- 13.1 Introduction: The Rocky Road Ahead -- 13.2 Two Things Are Inevitable: Old Age and Taxes -- 13.2.1 Reforming the Basis of Corporation Tax -- 13.2.2 A Land Tax -- 13.2.3 A Carbon Tax, Aka, Let's Put a Smile on Greta's Face -- 13.2.4 DBCFT -- 13.3 Monetary Policy -- 14 Swimming Against the (Main)Stream -- 14.1 Our Approach and Main Thesis -- 14.2 Where and Why Does the Mainstream Disagree with Us? -- Postscript: Future Imperfect After Coronavirus -- References -- Index Globalization-Economic aspects Demographie (DE-588)4011412-0 gnd Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4011412-0 (DE-588)4037174-8 |
| title | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_auth | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_exact_search | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_exact_search_txtP | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_full | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_fullStr | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_full_unstemmed | The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival |
| title_short | The Great Demographic Reversal |
| title_sort | the great demographic reversal ageing societies waning inequality and an inflation revival |
| title_sub | Ageing Societies, Waning Inequality, and an Inflation Revival |
| topic | Globalization-Economic aspects Demographie (DE-588)4011412-0 gnd Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Globalization-Economic aspects Demographie Makroökonomie |
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