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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
88 commentaries
1 videos & podcasts

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 Monetary Policy and Its Unintended Consequences (The MIT Press, 2023).

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  1. The Danger of Forgetting the 2023 Banking Crisis
    rajan89_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    The Danger of Forgetting the 2023 Banking Crisis

    Feb 8, 2024 Raghuram G. Rajan & Viral V. Acharya worry that smaller banks’ troubles remain unresolved, and that the episode perpetuated moral hazard.

  2. Raghuram G. Rajan on inflation, financial risks, interest rates, and more
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    Raghuram G. Rajan on inflation, financial risks, interest rates, and more

    Jan 9, 2024 Raghuram G. Rajan says when the US Federal Reserve might start cutting rates, considers how to mitigate monetary-policy spillovers, proposes measures to boost financial stability, and more.

  3. The World Needs a Humble Approach to Central Banking
    op_frenkel1_MANDEL NGANAFP via Getty Images_fed MANDEL NGAN/AFP via Getty Images

    The World Needs a Humble Approach to Central Banking

    Dec 8, 2023 Jacob Frenkel, et al. explain why monetary policymakers must accept a deliberately narrow mandate.

  4. When More Financial Regulation Is Not Better
    rajan85_Nancy LaneMediaNews GroupBoston Herald via Getty Images_svb Nancy Lane/MediaNews Group/Boston Herald via Getty Images

    When More Financial Regulation Is Not Better

    Oct 31, 2023 Raghuram G. Rajan warns that higher capital requirements for banks become counterproductive beyond a certain point.

  5. The Populist Advantage
    rajan84_Alex WongGetty Images_mmt Alex Wong/Getty Images

    The Populist Advantage

    Aug 18, 2023 Raghuram G. Rajan explains why so many previously discredited economic policies have become easier to sell to the public.

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  1. bp india election Photo by SAJJAD HUSSAIN/AFP via Getty Images
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    Will India’s Election Destroy Its Democracy?

    Since taking power in 2014, Prime Minister Narendra Modi and his ruling Bharatiya Janata Party have stoked Hindu nationalism, hollowed out India’s democracy, and overseen an economy that is probably performing far worse than official figures suggest. And yet Modi and the BJP are genuinely popular, making them likely – though not certain – to emerge victorious when the ongoing parliamentary election concludes in June.

  2. benami213_YEHUDA RAIZNERAFP via Getty Images_israelflag Yehuda Raizner/AFP via Getty Images
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    The Unbearable Lightness of Anti-Zionism

    Shlomo Ben-Ami warns that demonizing all Israelis will only make peace less likely – though that may be the point.
  3. alfredsdottir1_Getty Images_pay gap Getty Images
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    How to Close the Gender Wage Gap

    Lilja Dögg Alfreðsdóttir argues that Iceland’s experience lends further support to Nobel laureate economist Claudia Goldin’s research.
  4. brown107_Jeff J Mitchell - Pool Getty Images_covidvaccine Jeff J. Mitchell/Pool/Getty Images
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    Getting the Pandemic Treaty Across the Finish Line

    Gordon Brown

    Just as governments are working tirelessly to conclude negotiations on a new pandemic treaty, a torrent of misinformation and fake news has been unleashed to undermine the process. For the sake of current and future generations, policymakers must resist the propaganda and get the job done.

     hopes negotiations will conclude this month, and pushes back on a last-minute wave of misinformation.
  5. singer231_Michael M. SantiagoGetty Images_college protests Michael M. Santiago/Getty Images
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    When Is Criticism of Israel Anti-Semitic?

    Peter Singer rejects comparisons of the recent US campus protests to the actions of Nazi student groups in the 1930s.
  6. Project Syndicate
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    Trump’s Plans for the Fed Would Revive 1970s-Style Inflation

    Maurice Obstfeld thinks the presumptive GOP nominee’s policies reflect an outdated understanding of the economy.
  7. adebajo5_Getty Images_southafricaelection Sean Gallup/Getty Images
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    Mandela’s Heirs Face Their Biggest Election Test

    Adekeye Adebajo explains why the African National Congress could lose its 30-year monopoly on power.
  8. dalmia1_DIBYANGSHU SARKARAFP via Getty Images_bjp DIBYANGSHU SARKAR/AFP via Getty Images
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    What Explains the BJP’s Rise?

    Gaurav Dalmia ennumerates the reasons why the ruling party has come to dominate the country’s electoral landscape.
  9. zhang66_STRAFP via Getty Images_chinaelectricvehicles STR/AFP via Getty Images
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    Why China Provides Evidence for Optimists and Pessimists Alike

    Zhang Jun explains why rigorous, evidence-based assessments of the economy's performance can diverge sharply.

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