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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).

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  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • Sunday, 12 August, 2018
    Indian business & finance
    Bank of Baroda chair tells New Delhi to back off state bank hires

    Government involvement in hiring top executives hurts institutions, says Ravi Venkatesan

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