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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. mazzucato66_Soumyabrata RoyNurPhoto via Getty Images_IndiaUPI Soumyabrata Roy/NurPhoto via Getty Images

    Central Banks in a Cashless World

    Mariana Mazzucato & David Eaves explain why policymakers should become more involved in shaping or creating digital-payments infrastructure.
  2. nsofor9_ Zhu Huanan  CFOTOFuture Publishing via Getty Images_hpv vaccine Zhu Huanan / CFOTO/Future Publishing via Getty Images

    Governments Must Step Up to Prevent Cervical Cancer

    Ifeanyi M. Nsofor urges policymakers worldwide to commit to administering the HPV vaccine as widely as possible.
  3. op_ghilarducci1_Jeffrey GreenbergUniversal Images Group via Getty Images_USelderlyworker Jeffrey Greenberg/Universal Images Group via Getty Images

    The Perils of Retirement in America

    Teresa Ghilarducci

    The US retirement system is failing American workers. But after decades of pushing fake fixes – especially forcing people to work longer – US policymakers have an opportunity to make real progress in bolstering Americans' economic security in old age.

    proposes a Grey New Deal that would boost economic security for all US workers in old age.
  4. nishtar8_AMAURY HAUCHARDAFP via Getty Images_africavaccine Amaury Hauchard/AFP via Getty Images

    Fifty Years of Immunization Success Call for 50 More

    Sania Nishtar touts the remarkable results of global collaboration on routine vaccination and foresees continued progress.
  5. GettyImages-2149550584 Photo by MARK PETERSON/POOL/AFP via Getty Images

    Trump on Trial

    From a long list of criminal indictments to unfavorable voter demographics, there is plenty standing between presumptive GOP nominee Donald Trump and a second term in the White House. But a Trump victory in the November election remains a distinct possibility – and a cause for serious economic concern.

  6. woods56_Alex WongGetty Images_georgieva Alex Wong/Getty Images

    The IMF Chose the Right Leader the Wrong Way

    Ngaire Woods thinks the Fund’s process for selecting its managing director is woefully out of step with today’s world.
  7. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.
  8. frankel159_Getty Images_customer service Getty Images

    How to Rebuild Trust in Public Institutions

    Eleanor Carter & Carolyn J. Heinrich highlight the value of face-to-face interactions at a time when governments are phasing out in-person services.
  9. isenberg1_TIMOTHY A. CLARYPOOLAFP via Getty Images_trumptrial Timothy A. Clary/Pool/AFP via Getty Images

    Is Trump Above the Law?

    Nancy Isenberg

    Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.

    explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.

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