Raghuram Rajan
Raghuram Rajan is a former governor of the Reserve Bank of India.
In their efforts to stimulate demand by pursuing increasingly aggressive monetary policies, advanced economies are imposing tremendous risks on emerging-market countries such as India. To cope, India … read more
Both advanced and emerging economies need to grow in order to ease domestic political tensions. If they respond by enacting policies that divert growth from others, they will simply foster instability… read more
Global economic stagnation is no reason for India to lower its ambitions, though maintaining the growth it needs will require the country to rethink its economic approach. That means looking to region… read more
As 2015 begins, the global economy remains weak. With few signs that this year will bring any improvement, policymakers would be wise to understand the factors underlying the global economy’s anemic p… read more
In a world where debt overhangs and the need for structural reform are constraining domestic demand, unconventional monetary policies have profound spillover effects – and prompt damaging responses. T… read more
Indian cricket fans are manic-depressive in their treatment of their favorite teams. Such bipolar behavior seems to apply to assessments of India’s economy as well, with foreign analysts participating… read more
Why do some high-profile economists turn so quickly to personal attacks against their critics? However difficult it may be to influence hearts and minds by qualifying one’s analysis and hedging one’s … read more
Markets are in turmoil again, following the Federal Reserve’s indication of an exit from quantitative easing toward the end of the year. Regardless of how markets ultimately respond, recent developmen… read more
One of the most interesting aspects of the prolonged economic crisis in Europe, and of the even longer crisis in Japan, is the absence of serious social conflict – at least thus far. Yes, there have b… read more
It is a truism that people everywhere want to live in a safe, prosperous country where they enjoy freedom of thought and action, and can exercise the right to choose their government. But the world fa… read more
As 2015 ends, the world boasts few areas of robust growth. At a time when both developed and emerging-market countries need rapid growth to maintain domestic stability, this is a dangerous situation.
