Skip to main content

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).

Sort by: Show:
  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
    GettyImages-1443377667

    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.

Follow Raghuram G. Rajan

Never miss a commentary by Raghuram G. Rajan

  1. klee19_Gerhard JorenLightRocket via Getty Images_hyundaimanufacturing Gerhard Joren/LightRocket via Getty Images

    What Fiscally Sound Industrial Policy Can Do

    Keun Lee highlights three tools that can support domestic-market growth and development without breaking the bank.
  2. boskin94_Elijah NouvelageGetty Images_voting ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

    Why Voters Are Unhappy About the Biden Economy

    Michael J. Boskin explains why Americans do not share the White House’s rosy assessment of its economic track record.
  3. ginsberg1_Tayfun CoskunAnadolu Agency via Getty Images_january6journalistviolence Tayfun Coskun/Anadolu Agency via Getty Images

    Our Freedoms Depend on Press Freedom

    Jodie Ginsberg warns that the increased targeting of journalists and the media is a key indicator of democratic erosion.
  4. balasegaram2_JOHN WESSELSAFP via Getty Images_africaflood John Wessels/AFP via Getty Images

    Climate Change Is a Worse Health Threat Than We Think

    Manica Balasegaram warns that the world is underestimating the extent to which global warming will fuel antimicrobial resistance.
  5. delong259_ChesnotGetty Images_musk Omar Marques/Getty Images

    Musk Has Made Tesla a Meme Stock

    J. Bradford DeLong

    Although Tesla appears to be wildly overvalued compared to rival automakers, its shareholders are betting that they can sell their holdings to a greater fool in the near future, and Elon Musk is eagerly indulging their speculative exuberance. None of it bodes well for company’s workers, suppliers, and other customers.

    worries that the first mover in electric vehicles is increasingly running on bucket-shop hype.
  6. buchholz15_Al Drago-PoolGetty Images_yellen Al Drago/Pool/Getty Images

    The US Treasury’s Bond Blunder Will Cost Gen Z Dearly

    Todd G. Buchholz & James Carter thinks the US should have locked in favorable borrowing rates when it had the chance.
  7. james217_ Christopher FurlongGetty Images_gold Christopher Furlong/Getty Images

    What’s Driving the Global Gold Rush?

    Harold James considers the political factors pushing the price of the “barbarous relic” to all-time highs.
  8. stiglitz333_ Chip SomodevillaGetty Images_bidentrump Chip Somodevilla/Getty Images

    Global Elections in the Shadow of Neoliberalism

    Joseph E. Stiglitz

    While scandals, culture wars, and threats to democracy dominate the headlines, the biggest issues in this super election year ultimately concern economic policies. After all, the rise of anti-democratic populist authoritarianism is itself the legacy of a misbegotten economic ideology.

    considers what 40 years of anti-government, low-tax, deregulatory advocacy have wrought around the world.
  9. terzi6_green transition degrowth Getty Images

    Averting Climate Catastrophe Requires Economic Growth

    Alessio Terzi & Gernot Wagner show why shrinking the global economy, as envisaged by advocates of degrowth, is a bad way to cut emissions.

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.