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Author : Raghuram Rajan
About Raghuram Rajan PRO INVESTOR
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
Stories by the author
Why Merely Addressing Inequality Will Not Restore Growth: Raghuram Rajan
As a reformed Europe starts growing, parts of it might experience US-style inequality. But Europe would be far worse off if it were to avoid serious reform and lapse,...
The Broken BRIC – Why India’s Economy Is Underperforming: Raghuram Rajan
Major emerging-market economies around the world are slowing, for reasons both shared and unique. Hardest to understand, though, is why India, where annual GDP growth has fallen by five...
Sympathy For The “Devil” – Why The Bernanke Bashing Is Uncalled For: Raghuram Rajan
Ben Bernanke is a marked man. Ever since he was appointed as the Chairman of the U.S. Federal Reserve in 2006, Bernanke has been a constant target for criticism...
The Illusion Of Choice In Libertarian Paternalism: Raghuram Rajan
Libertarian paternalism, or “soft paternalism”, is a political philosophy which states that government can nudge citizens into making decisions that are good for themselves, while offering complete freedom to...
Inequality In Retrospective – The Hidden Effects Of The Income Gap: Raghuram Rajan
The everyday inequality that most Americans face has deep pernicious effects, which go beyond the typical arguments discussed during the “1% versus 99%” debate. But while these effects are...
The Price of Inaction – Why We Are Paying For Our Own Mistakes: Raghuram Rajan
It is easy to blame politicians for our current economic woes, but do the public have to bear some of the blame as well? As Axel Weber would say,...
The Keynesian Formula Will Not Solve Our Fundamental Growth Problem: Raghuram Rajan
The current economic crisis demands solutions. But while most government officials, central bankers, and Wall Street economists have subscribed to the standard Keynesian formula for recovery, the potential results...
Citizens of Europe to Bear the Cost for Damages They Didn’t Cause: Raghuram Rajan
As the indebted eurozone countries scramble to find ways to raise liquidity or risk default, contagion threatens to spread across the continent and the globe – an unfortunate reality...
Sorry “99%”, There Are No Quick Fixes For Inequality: Raghuram Rajan
Reading some economists, it might seem that the answer to all current problems is to tax the richest 1 percent and redistribute to everyone else. But if governments tax...
SOS – The Eurozone Can No Longer Save Themselves: Raghuram Rajan
17 October 2011.The eurozone crisis is now a global crisis. If the crisis cannot be resolved quickly, the entire world will suffer. Despite the global implications, the eurozone continues...