Thursday, April 5, 2018

13 April 2018: The Brave New World of Low Inflation

Surjit S. Bhalla
Prime Minister’s Economic Advisory Council and Oxus Research & Investments

Discussant: Sajjid Chinoy, JP Morgan

This talk attempts an answer to the puzzle of low inflation in the Advanced Economies (AE), a phenomenon observed over the last 20 years. Part of the answer is provided by the fact that global supply of college graduates, especially the supply of the rest of the world relative to the supply in advanced economies, has been expanding at a fast rate. This globalisation phenomena helps explain the trend in real wages of college educated labor in the US since the 1980s. The talk will also document the reality that oil prices have ceased to have an impact on inflation, and that the gap between developing economies inflation and AE inflation is close to a historical low, and less than 200 basis points. Bhalla will also discuss the determinants of inflation in India and forecast future trends.

Date: April 13, 2018
Time: 04:00 P.M.

Kamalnayan Bajaj Conference Room
Brookings India
No. 6, Second Floor,
Dr. Jose P. Rizal Marg,
New Delhi-110021

Please RSVP: and contact for media inquiries.


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