{"product_id":"the-unanchored-central-banker-demography-fiscal-instability-and-an-erosi","title":"Pradhan \u0026 Goodhart - The Unanchored Central Banker: Demography, Fiscal Instability, and Erosi | Paperback","description":"\u003cdiv\u003e\n    \u003cp\u003eCentral banks are facing an erosion of their traditional ability to fight inflation single-mindedly, a critical challenge explored in this macroeconomic analysis. This work serves as a sequel to the authors' previous book, ‘The Great Demographic Reversal’, delving into how demographic shifts are fundamentally altering the landscape for monetary policy.\u003c\/p\u003e\n\n    \u003cp\u003eManoj Pradhan and Charles Goodhart argue that increasingly ageing societies will cause a persistent and underappreciated deterioration in government fiscal positions, leading to rising real interest rates. The book examines potential offsets, such as AI and China's economic trajectory, concluding that the net outcome for monetary policy is challenging, potentially forcing a trade-off between near-term financial instability and future inflation.\u003c\/p\u003e\n\n    \u003cstrong\u003eKey Analysis Points\u003c\/strong\u003e\n    \u003cul\u003e\n        \u003cli\u003eExamines the erosion of central banks' singular focus on fighting inflation.\u003c\/li\u003e\n        \u003cli\u003eArgues that rising real interest rates stem from fiscal deterioration caused by aging societies.\u003c\/li\u003e\n        \u003cli\u003eAnalyzes the limited disinflationary potential of AI and China in the medium term.\u003c\/li\u003e\n        \u003cli\u003eConcludes that monetary policy faces difficult choices in highly indebted economies.\u003c\/li\u003e\n    \u003c\/ul\u003e\n\n    \u003cstrong\u003eSpecifications\u003c\/strong\u003e\n    \u003cul\u003e\n        \u003cli\u003e\n\u003cstrong\u003eBinding:\u003c\/strong\u003e Paperback\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003eLanguage:\u003c\/strong\u003e English\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 10, 2026\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003ePrint Length:\u003c\/strong\u003e 296 pages\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003eISBN 13:\u003c\/strong\u003e 979-8252503790\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 152 x 17 x 229mm (6 x 0.67 x 9 inches)\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003eItem Weight:\u003c\/strong\u003e 513 g\u003c\/li\u003e\n        \u003cli\u003e\n\u003cstrong\u003eAuthors:\u003c\/strong\u003e Charles Goodhart, Manoj Pradhan\u003c\/li\u003e\n    \u003c\/ul\u003e\n\n    \u003cp\u003eFor economists, policymakers, and students of macroeconomics, this book provides a timely and sobering assessment of the challenges facing modern monetary governance.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"by Manoj Pradhan","offers":[{"title":"Default Title","offer_id":57457998659966,"sku":"B0GWTCLSXM","price":26.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/3919\/1207\/files\/71scp_tdMFL_4455cb6b-cb35-4ab2-bc4c-d87fd807089f.jpg?v=1779626462","url":"https:\/\/www.yachew.com\/nl-be\/products\/the-unanchored-central-banker-demography-fiscal-instability-and-an-erosi","provider":"Yachew","version":"1.0","type":"link"}