ECONOMIC AND REGULATORY POLICY
In Search of Dynamism
Raghuram Rajan
Is effective global financial regulation possible, and, if so, what form should it take? Will demand in rich countries remain too weak to return the world to prosperity? Does debt forgiveness and relaxation of multilateral financing terms for developing countries help or hurt their growth prospects?
...read more| RECENT COMMENTARIES | FEATURED COMMENTARIES | MOST READ COMMENTARIES |
-
A Crisis in Two Narratives
Raghuram Rajan Series: In Search of Dynamism 2012-01-27With the world’s industrial democracies in crisis, two competing narratives of its sources – and appropriate remedies – are emerging. For better or worse, the narrative that persuades these countries’ governments and publics will determine their future – and that of the global economy.... read Comments: 10 Recommended: 1 Read: 30219
-
Winning the European Confidence Game
Raghuram Rajan Series: In Search of Dynamism 2011-12-06If any solution to the European crisis proposed over the next few days is to restore confidence to the sovereign-bond markets, it will have to be both economically viable and politically palatable to rescuers and rescued alike. This means paying attention not just to the plan’s technical details, but also to appearances.... read Comments: 4 Recommended: 2 Read: 14798
-
The Undeserving One Percent?
Raghuram Rajan Series: In Search of Dynamism 2011-11-10
Reading some economists, it might seem that the answer to all current problems is to tax the richest 1% and redistribute to everyone else. But if governments tax their rich more, they should do it with the aim of improving access and opportunity for all, rather than as a punitive measure to rectify some imagined wrong.... read Comments: 12 Recommended: 0 Read: 27075
-
A Standby Program for the Eurozone
Raghuram Rajan Series: In Search of Dynamism 2011-10-12The world has a large stake in the resolution of the eurozone’s problems, but those problems might soon become too big for the eurozone's members to address. Fortunately, the world has an institution that can channel the help that Europe needs: the IMF.... read Comments: 2 Recommended: 0 Read: 15977
-
Is Inflation the Answer?
Raghuram Rajan Series: In Search of Dynamism 2011-09-08
Recently, a number of commentators have proposed a sharp, contained bout of inflation as a way to reduce debt and reenergize growth in the US and the rest of the industrial world. But, while is an attractive solution at first glance, a closer look reveals cause for serious concern.... read Comments: 5 Recommended: 1 Read: 30627
-
Washington and the Art of the Possible
Raghuram Rajan Series: In Search of Dynamism 2011-08-04The US media are full of ordinary Americans venting their rage these days at the incompetence and immaturity of their politicians. But the last-minute agreement to raise the debt ceiling is proof that the politicians did what they were sent to Washington to do: represent their constituencies and compromise in the interests of the country as a whole.... read Comments: 1 Recommended: 2 Read: 20165
-
Lagarde’s Challenges
Raghuram Rajan Series: In Search of Dynamism 2011-07-05
Now that the dust has settled over the selection of the IMF’s managing director, the Fund can return to its core business of managing crises. But Christine Lagarde, a competent and well-regarded technocrat, will have her hands full with three important tasks.... read Comments: 0 Recommended: 0 Read: 12054
-
Money Magic
Raghuram Rajan Series: In Search of Dynamism 2011-06-08More than any other area of official policymaking, monetary policy suffers from the sense that there is a free lunch to be had. But there is a high price to be paid for the ultra-loose monetary policy that many countries are maintaining – and not only in terms of higher inflation.... read Comments: 12 Recommended: 2 Read: 41681
-
The Blackboard Monopolists
Raghuram Rajan and Brian Barry Series: In Search of Dynamism 
2011-05-11
Maintaining a well-functioning education system is the most effective policy to help equip people with the knowledge and skills they need to boost their incomes and compete in a globalized economy. But, in the US and elsewhere, that means opening the door to greater competition in the supply of teachers and schools.... read Comments: 7 Recommended: 0 Read: 18285
| Three Paths for Indebted Democracies | Raghuram Rajan 
|
| 1 2 3 |
