Episode #174: Amlan Roy, “Monetary Policy is Very Ineffective In A World Where We Are Getting Very Old”

Episode #174: Amlan Roy, “Monetary Policy is Very Ineffective In A World Where We Are Getting Very Old”

 

 

 

 

 

Guest: Dr Amlan Roy is Head of Global Macro Policy Research and Senior MD at State Street Global Advisors Asset Management Division (SSGA). He leads a Research team focused on Macroeconomics, Policy & Politics, Retirement & Demographics serving external and internal clients of State Street Group across 30+ countries. Prior to his current role, he was Global Chief Retirement Strategist and Senior MD since April 2017. He is a seasoned global public speaker and an experienced Global Macro Researcher specializing in Macroeconomics & Policy, Portfolio Theory, Demographics & Retirement. He researches issues related to Growth, Monetary Policy, Asset Allocation, EM, Gender Disparity and, Systemic risks. He is a Senior Research Associate at London School of Economics and Guest Finance Professor at London Business School.

Date Recorded: 7/12/19

 

 

Run-Time: 57:31

To listen to Episode #174 on iTunes, click here

To listen to Episode #174 on Stitcher, click here

To listen to Episode #174 on Pocket Casts, click here

To listen to Episode #174 on Google Play, click here

To stream Episode #174, click here

Comments or suggestions? Email us Feedback@TheMebFaberShow.com or call us to leave a voicemail at 323 834 9159

Interested in sponsoring an episode? Email Justin at jb@cambriainvestments.com

Summary: In episode 174, we welcome our guest, Amlan Roy. Amlan and Meb start the conversation off with a discussion on demographics, why we need to understand them, and the idea that monetary policy is relatively ineffective in the demographic environment the world faces today.

Amlan then lays out some prescriptions for some of the issues he’s seeing today, including, the idea of doing away with traditional retirement ages, more fairness toward women, and updated immigration policies.

Meb and Amlan then get into negative yielding interest rates, the impacts they have on investors, and how we should be thinking about economic and finance theory. He also hits on falling productivity growth, and a trying to solve that issue in China, India, and the rest of the world by bringing more young people and women into the workforce.

Amlan then shifts to some additional thoughts on growth, and his idea of the “Demographic Dividend.”

Don’t miss all of this and more in episode 174, including some of Amlan’s most memorable and important market calls.

Links from the Episode:

 

Transcript of Episode 174:

Coming soon.