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    Raghuram Rajan

    Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance
    at the University of Chicago’s Booth School. He was the Governor of the Reserve Bank of
    India between 2013 and 2016, Vice-Chairman of the Board of the Bank for International
    Settlements (2015-16) and Chief Economist at the International Monetary Fund (2003-
    2006).

    Add to myFT Digest

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    • Monday, 14 August, 2023
      Global Economy
      Unilateral action on climate change can have unintended consequences

      Uncoordinated moves at a national level pose dangers for other countries, particularly poor ones

      Cooling towers at a coal-fired power station in Peitz, Germany
    • Friday, 10 March, 2023
      Federal Reserve
      Hard landing or harder one? The Fed may need to choose

      Beliefs in an immaculate disinflation with only mild job losses could soon be put to the test

    • Wednesday, 22 February, 2023
      Megan Greene
      QE has become ‘Hotel California’ for central banks

      While commercial lenders change behaviour when the balance sheet expands, they do not change it back when it shrinks

      Janet Yellen in 2017, when the then Fed chair said quantitative tightening would be ‘like watching paint dry’
    • Monday, 9 January, 2023
      Federal Reserve
      Central banks can’t win when it comes to credibility on inflation

      Institutions are scrambling to rebuild their toolkits to deal with the new regime

      Pedestrians walk past the US Federal Reserve building
    • Friday, 26 August, 2022
      Central banks
      Stop berating central banks and let them tackle inflation

      Despite their slow reaction, now is not the time for a radical redesign of their mandates

      An illustration of a central bank gliding towards the edge of a waterfall with notes of different denominations falling in the water
    • Friday, 6 May, 2022
      Global Economy
      We need to revitalise the world economy in inclusive ways

      It is hard but necessary for governments to reverse the trend towards deglobalisation

      Early morning commuters arriving for work
    • Tuesday, 2 November, 2021
      Climate change
      Reducing global emissions can be simple and self-financing

      The world needs a plan that supplants fuzzy commitments with real penalties for the big polluters

      Machinery used to fracture shale formations at a site near Mentone, Texas
    • Wednesday, 21 July, 2021
      Coronavirus economic impact
      A lopsided recovery from the pandemic bodes ill for emerging economies

      Advanced industrial countries can and should take measures to spur investment and growth around the globe

      A garment worker registers to receive a Covid vaccine in Bangladesh. Developing countries’ governments have very limited fiscal resources to support out-of-work households and shuttered firms
    • Sunday, 4 April, 2021
      Coronavirus economic impact
      A riot of US spending spells trouble for future generations

      Useful infrastructure investment makes better sense than badly designed handouts

    • Monday, 21 December, 2020
      Coronavirus
      State support for Covid-hit companies has to change

      The blanket help governments first provided needs to be better targeted and private expertise brought in

      James Ferguson illustration of Raghuram Rajan comment story ‘State support for Covid-hit companies has to change’
    • Thursday, 15 October, 2020
      Economists Exchange
      Raghuram Rajan: ‘Society has to find a new equilibrium’

      In the first of a series, the former Indian central banker explains why the solution to economic adversity is to strengthen local communities

    • Tuesday, 7 July, 2020
      Coronavirus economic impact
      Pursue self-interest by helping other economies too

      Industrialised Europe and Asia have contained the virus but elsewhere prospects are bleaker

      Ipanema beach in Rio de Janeiro last weekend. Brazil is an unfortunate standout, vying with the US for the largest number of identified new cases
    • Friday, 22 May, 2020
      Life & Arts
      The first thing I’ll do after lockdown is...

      Sailing the Med? Watching Arsenal? A hug? Christine Lagarde, Yuval Noah Harari, Carlo Rovelli and many more on their post-lockdown dream

    • Tuesday, 12 May, 2020
      Global Economy
      Business cannot simply awake from this coma and carry on

      It made sense to support everyone when the coronavirus crisis first hit but now hard choices are needed

      NEW YORK, NY - May 9: MANDATORY CREDIT Bill Tompkins/Getty Images GEM SPA Candy store closes. After months of struggles and rounds of social media campaigns, legendary East Village shop Gem Spa has announced that it will permanently close on May 9, 2020 in New York City. It"u2019s been a rocky year for the 1920s era newsstand where New York City"u2019s egg cream was reportedly born. In August last year, the shop announced that it was cutting back on items like newspapers and magazines and that it had lost its lottery and cigarette license which accoiunted for 8p percent of its revenue. May 9th, 2020. (Photo by Bill Tompkins/Getty Images)
    • Friday, 20 March, 2020
      Coronavirus
      Rich countries cannot win the war against coronavirus alone

      We need to fight this pandemic into submission everywhere in order to relax measures anywhere

    • Tuesday, 25 February, 2020
      Global inequality
      Thomas Piketty’s ‘Capital and Ideology’: scholarship without solutions

      The French economist’s data-driven analysis of inequality offers a flawed prospectus for change

      An area frequently used for homeless encampments near a highway ramp in San Francisco, Sept. 11, 2019. California Democrats have been energized by a wave of anti-Trump sentiment to enact a sweeping liberal agenda that in almost every way offers a counternarrative to Trump administration policies. (Jason Henry/The New York Times) Credit: New York Times / Redux / eyevine For further information please contact eyevine tel: +44 (0) 20 8709 8709 e-mail: info@eyevine.com www.eyevine.com
    • Tuesday, 17 December, 2019
      Climate change
      A fair and simple way to tax carbon emissions

      Rich countries that pump out more than average should pay into a fund that rewards low emitters

      FILE - In this Tuesday, Dec. 4, 2018 file photo, trucks line up on a highway in Frankfurt, Germany. Germany's parliament is poised to more than double the starting price for carbon dioxide emissions from the transport and heating industries when the charge is introduced in 2021. (AP Photo/Michael Probst, file)
    • Wednesday, 21 August, 2019
      Monetary policy
      Central bankers seek fresh policy tools to combat slowdown

      Record-low rates trigger hunt for stimulus measures at Jackson Hole gathering

      F3PJYC Tourists enjoy interior window view of famous & historic Jackson Lake Lodge; Grand Teton National Park; Wyoming, USA
    • Tuesday, 30 April, 2019
      Urban planning
      Investment alone cannot save distressed communities

      Policies for reviving such places have to dovetail with the interests of residents

      CHICAGO, IL - OCTOBER 16: Christian murals are painted on a storefront in the predominately Hispanic Pilsen neighborhood on October 16, 2017 in Chicago, Illinois. The U.S. Justice Department has accused four cities including Chicago, New York, New Orleans and Philadelphia of violating the law with their "sanctuary city" policies. (Photo by Scott Olson/Getty Images)
    • Wednesday, 24 April, 2019
      ExplainerBank of England
      Who will replace Mark Carney as Bank of England governor?

      Six names stand out in race to secure top job at UK’s central bank

      The search for Mark Carney’s replacement at the Bank of England has begun
    • Wednesday, 6 March, 2019
      US-China trade dispute
      Xi Jinping needs a trade deal just as much as Donald Trump does

      While elected leaders can blame predecessors in bad times, Beijing must appear unfailing

      US President Donald Trump (L) shakes hands with China's President Xi Jinping during a press conference at the Great Hall of the People in Beijing on November 9, 2017. - Donald Trump urged Chinese leader Xi Jinping to work "hard" and act fast to help resolve the North Korean nuclear crisis, during their meeting in Beijing Thursday, warning that "time is quickly running out". (Photo by Nicolas ASFOURI / AFP)
    • Wednesday, 6 March, 2019
      ReviewEconomics books
      Have markets and states forgotten about people?

      Raghuram Rajan’s The Third Pillar skilfully unpicks the tensions between capitalism, democracy and community

      NEW YORK, NY - JANUARY 30: New York's city council holds its second hearing questioning the city and state's deal that gave Amazon three billion dollars to move a second headquarters to Long Island City in Queens. City council members criticized Amazon for its anti-union policies and its alleged cooperation with immigration authorities. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
    • Monday, 10 December, 2018
      FT People: Public affairs
      India’s central bank governor Urjit Patel resigns amid tense stand-off

      Reserve Bank of India head has been at odds with the government over its independence

      Urjit Patel cited ‘personal reasons’ for his decision to quit as central bank governor
    • Tuesday, 4 December, 2018
      US-China trade dispute
      Donald Trump and Xi Jinping must negotiate a careful trade deal

      Making China feel like a country under siege risks causing cold, or even hot, war

      BUENOS AIRES, ARGENTINA - NOVEMBER 30: President of the People's Republic of China Xi Jinping looks on during the plenary session on the opening day of Argentina G20 Leaders' Summit 2018 at Costa Salguero on November 30, 2018 in Buenos Aires, Argentina. (Photo by Amilcar Orfali/Getty Images)
    • Tuesday, 6 November, 2018
      Reserve Bank of India
      Former Indian central bank governor Rajan wades into row

      Economist warns of the risks of eroding the Reserve Bank of India’s independence

      Former central bank governor Raghuram Rajan called on the government to respect the RBI’s resistance to taking bolder action to ease liquidity
    Previous page You are on page 1 Next page

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