In this informative presentation Manoj Pradhan, Senior Economist at Morgan Stanley, discusses both of these issues and the implications for the threat of secular stagnation.
For the next 30 years, real interest rates and inflation will rise and growth will fall, but productivity will be higher and inequality will decrease. On a nearer horizon, the biggest challenge is debt. Debt has so far not been a big problem for growth, but the potential for a more serious challenge is evident. In this informative presentation Manoj Pradhan, Senior Economist at Morgan Stanley, discusses both of these issues and the implications for the threat of secular stagnation.