The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival (Hardcover, 2020)

1. Introduction.- 2. China:  A Historic Mobilization Ends.- 3. The Great Demographic Reversal and its Effect on Future Growth.- 4. Dependency, Dementia and the Coming Crisis of Caring.- 5. The Likely Resurgence of Inflation.- 6. The Determination of (Real) Interest Rates in the Great Reversal.- 7. Inequality and the Rise of Populism.- 8. The Phillips Curve.- 9. “Why Didn’t It Happen in Japan?”:  A Revisionist History of Japan’s Evolution.- 10. What Could Offset Global Ageing? India/Africa, Participation and Automation.- 11. The Debt Trap:  Can We Avoid It?.- 12. A Switch from Debt to Equity Finance?.- 13. Future Policy Problems: Old Age and Taxes, and the Monetary-Fiscal Clash.- 14. Swimming Against the (Main)Stream.