Date/Time
Date(s) - 21 September 2026
1:00 pm - 2:30 pm
Categories
Join us to hear more from Dr Goodhart and Dr Pradhan on this topic, with the opportunity for discussion.
Date: 21 September 2026
Time: 13:00 – 14:30
Venue: Enterprise Hub (First Floor), Vinson Building, The University of Buckingham
We’re delighted to welcome Dr Goodhart CBE and Dr Pradhan to discuss their new book, ‘The Unanchored Central Banker.’
Their first book, ‘The Great Demographic Reversal’, warned about problems that would arise when the demographic sweet spot turned sour. They stated that interest rates, both real and nominal, and inflation would then reach a higher-for-longer steady state, and this has occurred. But this demographic development, combined with a number of adverse supply shocks and a political reaction against immigration, has helped to accelerate fiscal deterioration at a much faster pace than we earlier expected. With the need for greater defence expenditure and enhanced worries about climate change, the fiscal position on present policies has become unsustainable. Although technically it would be perfectly feasible to cut public sector expenditures and raise taxation to restore fiscal stability, it would be politically almost impossible to do so in our present democracies.
As a result, fiscal dominance will mean that central banks (through little fault of their own) will be forced to choose a balance between fighting inflation and avoiding fiscal/financial instability, without achieving either objective completely.
Please come and join us for what will be a really interesting seminar.