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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. dunleavycampbell1_ Leon NealGetty Images)_internetr Leon Neal/Getty Images)

    The US Is Jeopardizing the Open Internet

    Natalie Dunleavy Campbell & Stan Adams condemn America’s apparent decision to abandon its role as a champion of a free digital domain.
  2. monga10MUHAMADOU BITTAYEAFP via Getty Images_senegal uni MUHAMADOU BITTAYE/AFP via Getty Images

    How to Finance Higher Education in Africa

    Célestin Monga proposes a mix of several funding streams to improve access to high-quality colleges and universities.
  3. bu1+ NHAC NGUYENAFP via Getty Images_vietnam wind NHAC NGUYEN/AFP via Getty Images

    Catalytic Capital Holds the Key to Southeast Asia’s Green Transition

    Kitty Bu & Stefanie Fairholme highlight the potential role of early-stage funding in advancing the region’s decarbonization efforts.
  4. op_campanella12_BlackJack3DGetty Images_AIbrain BlackJack3D/Getty Images

    Which AI Risks Matter?

    Edoardo Campanella

    To prevent humanity from ever being demoted to the status of gorillas by a highly advanced artificial intelligence, most AI experts agree that we must retain control over the technology. But with developers racing to achieve the next breakthrough and gain market share, that may be easier said than done.

    considers three leading experts’ assessments of the technology’s future capabilities and their implications.
  5. bq eu security Photo by Win McNamee/Getty Images

    Europe Must Defend Itself

    Donald Trump – who spent his presidency lambasting NATO – recently suggested that he would encourage Russian aggression against NATO allies that had not met their commitment to spend 2% of GDP on defense. With Trump vying for another term in the White House – and the Ukraine war still raging on the European Union’s doorstep – EU countries can no longer ignore the difficult but essential task of taking charge of their own security.

  6. klee18_Daniel BerehulakGetty Images_shenzhen Daniel Berehulak/Getty Images

    Making the Most of FDI

    Keun Lee considers what it takes to convert foreign investment into growth, development, and technological upgrading.
  7. frankel157_Michael M. SantiagoGetty Images_economy Michael M. Santiago/Getty Images

    Explaining Americans’ Pessimism About a Strong Economy

    Jeffrey Frankel considers possible reasons for the disconnect between economic performance and public perceptions.
  8. coyle35_getty_sharing tech iStock / Getty Images Plus

    Sharing the Tech Wealth

    Diane Coyle urges investment in digital public infrastructure to curb the adverse effects of market power.
  9. sauvant9_FABRICE COFFRINIAFP via Getty Images_wto FABRICE COFFRINI/AFP via Getty Images

    The WTO’s FDI Challenge

    Karl P. Sauvant urges the World Trade Organization’s members to adopt the new Investment Facilitation for Development Agreement.

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