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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
66 commentaries

Raghuram G. Rajan, former governor of the Reserve Bank of India, is Professor of Finance at the University of Chicago Booth School of Business and the author, most recently, of The Third Pillar: How Markets and the State Leave the Community Behind.

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  2. op_meng1_Patrick Pleulpicture alliance via Getty Images_pension Patrick Pleul/picture alliance via Getty Images

    Saving America’s Public Pensions

    Ben Meng

    Although the plight of major US public pension funds is nothing new, the gap between actual and assumed returns is widening faster than ever, owing to today's ultra-low interest rates. But these funds also have inherent advantages that, if used wisely, can place them on a much sounder financial footing.

     explains how struggling institutional investors can meet their goals in today's financial environment.
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  7. krishna1_EDDIE MULHOLLANDPOOLAFP via Getty Images_uk covid vaccine Eddie Mulholland/Pool/AFP via Getty Images

    Britain’s Vaccine Gamble

    Sanjeev Krishna & Yolanda Augustin

    During the pandemic, the UK has led the way in studying pharmaceutical interventions, with well-designed randomized controlled studies enabling vast improvements in patient care globally. Yet, by deciding to increase the gap between vaccine doses, the country's government has effectively abandoned this evidence-based approach. 

     consider the risks of delaying the second dose of the COVID-19 inoculation.
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  9. Biden Xi meeting Lintao Zhang/AFP via Getty Images

    Doing Business with China

    US President-elect Joe Biden’s incoming administration may initially be too preoccupied with trying to calm America’s domestic turmoil to unite the world’s democracies in standing up to China. But, given European and Asian countries’ eagerness to strengthen their trade and investment ties with China, adhering to the Trump administration’s confrontational approach may be the right strategy.

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