BEGIN:VCALENDAR VERSION:2.0 PRODID:-//sebbo.net//ical-generator//EN URL:https://lectures.london/london-school-of-economics/the-unanchored-cent ral-banker/calender.ics NAME:Lectures London X-WR-CALNAME:Lectures London TIMEZONE-ID:Europe/London X-WR-TIMEZONE:Europe/London BEGIN:VEVENT UID:990b09ad-8922-461d-9e6c-7bfb607f0e81 SEQUENCE:0 DTSTAMP:20260613T071613 DTSTART:20260617T170000 DTEND:20260617T183000 SUMMARY:The unanchored central banker LOCATION:London School of Economics: In-person public event (Alumni Theatr e\, Cheng Kin Ku Building) DESCRIPTION:Wednesday 17 June 2026 6pm - 7.30pmSpeakersProfessor Charles G oodhartManoj PradhanChairSir Charles BeanJoin us for the book launch of Th e Unanchored Central Banker.Through little fault of their own\, central ba nks face an erosion of their ability to fight inflation single-mindedly as they have done in the past.In this sequel to Charles Goodhart and Manoj P radhan's first book\, The Great Demographic Reversal\, they argue that (i) demography and recent trends in immigration will lead to much greater fis cal deterioration than forecasts suggest\, (ii) real interest rates will r ise because government dissavings will handily counterbalance any increase in household savings in an increasingly aged society\, and (iii) as China ’s disinflationary influence subsides over the medium-term\, inflation w ill rise.Could AI offset demographic headwinds? Possibly\, but AI is unlik e technological shocks of the past\, and history suggests innovations tend to lead to net gains in employment\, especially in the medium term. Simil arly\, China could generate uncertain near-term effects\, but is unlikely to be a disinflationary force in the medium term.The net outcome for monet ary policy is not encouraging. Fighting inflation in highly indebted econo mies can lead to financial instability in the near term\, or (ironically) more inflation in the future. The glory days of central banks\, the author s argue\, may be behind us.There will be no book sales on the event day. C opies of the book can be ordered from Amazon.Event hashtag: #LSECentralBan kerMeet our speakers and chairCharles Goodhart was trained as an economist at Cambridge (Undergraduate) and Harvard (PhD).  He then entered into a career that alternated between academia (Cambridge\, 1963-65\; LSE\, 1967 /68\; and again 1985 to date)\, and work in the official sector\, mostly i n the Bank of England (Department of Economic Affairs\, 1965/66\; Bank of England\, 1968-85\; Monetary Policy Committee\, 1997-2000).  He is now N orman Sosnow Professor Emeritus at LSE.  He has worked throughout as a s pecialist monetary economist\, focusing on policy issues and on financial regulation\, both as an academic and in the Bank.  He devised ‘the Cor set’ in 1974\, advised HK on ‘the Link’ in 1983\, and RBNZ on inflat ion targeting in 1988.  Recently\, he has written\, co-authored with Man oj Pradhan\, a book on The Great Demographic Reversal\, suggesting that t he decades of disinflation and falling interest rates would come to an end . Charles is the author of Goodhart’s Law “that any observed statistic al regularity will tend to collapse once pressure is placed upon it for co ntrol purposes.”Manoj Pradhan is the founder of Talking Heads Macroecono mics\, an independent research firm based in London\, and co-author of The Great Demographic Reversal with Charles Goodhart. Manoj was previously Ma naging Director at Morgan Stanley\, where he led the Global Economics team \, driving macroeconometric research into global economic themes. He joine d Morgan Stanley in 2005 after serving on the faculty of George Washington University and the State University of New York. He has a PhD in economic s from George Washington University and a Master’s in Finance from the L ondon Business School.Sir Charles Bean is Emeritus Professor of Economics at LSE and Chairman of the Centre for Economic Policy Research. Between 20 16 and 2021\, he was also a member of the Budget Responsibility Committee at the Office for Budget Responsibility. From 2000 to 2014\, he served at the Bank of England as Chief Economist and then Deputy Governor for Moneta ry Policy\, sitting on both the Monetary Policy and Financial Policy Commi ttees and representing the Bank internationally at the G7 and G20. Before joining the Bank\, he was a member of the economics faculty at LSE and has also worked at HM Treasury. He has served as Managing Editor of the Revie w of Economic Studies and in 2016 produced a major review of the quality\, delivery and governance of UK economic statistics at the request of the g overnment. He was knighted in 2014 for services to monetary policy and cen tral banking\, and was President of the Royal Economic Society from 2013 t o 2015. He holds a PhD from MIT.More about this eventThe Financial Markets Group (@FMG_LSE) is a leading centre for research into financial markets. 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