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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
81 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 The Third Pillar: How Markets and the State Leave the Community Behind (Penguin, 2020).

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  1. Will the Fed Overdo It?
    rajan81_GRAEME JENNINGSPOOLAFP via Getty Images_jeromepowell Graeme Jennings/Pool/AFP via Getty Images

    Will the Fed Overdo It?

    Jan 24, 2023 Raghuram G. Rajan considers the central bank's limited options as it navigates an increasingly perilous economic environment.

  2. Deglobalization Is a Climate Threat
    rajan80_BRENDAN BANNONAFP via Getty Images_climaterefugees Brendan Bannon/AFP via Getty Images

    Deglobalization Is a Climate Threat

    Nov 18, 2022 Raghuram G. Rajan shows how a world of fragmentation and mutual suspicion will impede effective responses to global warming.

  3. Where Has All the Liquidity Gone?
    rajan79_Karol SerewisSOPA ImagesLightRocket via Getty Images_poundsterling Karol Serewis/SOPA Images/LightRocket via Getty Images

    Where Has All the Liquidity Gone?

    Oct 7, 2022 Raghuram G. Rajan & Viral Acharya show that years of quantitative easing have left financial markets deeply dependent on easy money.

  4. The Post-Inflation Economy That Could Be
    rajan78_Brooks Kraft LLCCorbis via Getty Images_telemedicine Brooks Kraft LLC/Corbis via Getty Images

    The Post-Inflation Economy That Could Be

    Aug 2, 2022 Raghuram G. Rajan shows how international cooperation and increased trade in services could unleash a productivity revolution.

  5. Just Say No to “Friend-Shoring”
    rajan77_ Tayfun CoskunAnadolu Agency via Getty Images_babyformula Tayfun Coskun/Anadolu Agency via Getty Images

    Just Say No to “Friend-Shoring”

    Jun 3, 2022 Raghuram G. Rajan explains why a popular new policy proposal by US President Joe Biden's administration should worry everyone.

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  1. neier64_ALEXANDER NEMENOVAFP via Getty Images_putinbrezhnev Alexander Nemenov/AFP via Getty Images

    Putin’s Brezhnev Moment

    Aryeh Neier draws parallels between the regime’s ongoing crackdown on civil society and late Soviet repression.
  2. delong249_guoyaGetty Images_economicpie guoya/Getty Images

    Utopia or Bust

    J. Bradford DeLong considers our options for both expanding and effectively slicing the proverbial economic pie.
  3. op_anheier13_CHRISTOF STACHEAFP via Getty Images_scholzbaerbockhabecklindner Christof Stache/AFP via Getty Images

    Germany’s Reckoning

    Helmut K. Anheier

    Germany is now grappling with a host of difficult questions about its place in the world, the nature of its politics, and its most cherished values. For a pacifist society in a new age of conflict and war, everything must change if things are to remain the same.

    traces the contours of the country's debate, triggered by the Ukraine war, about its strategic future.
  4. coyle29_ Frank Rumpenhorstpicture alliance via Getty Images_chatgpt Frank Rumpenhorst/picture alliance via Getty Images

    Preempting a Generative AI Monopoly

    Diane Coyle urges policymakers to take steps to counter the anti-competitive implications of a rapidly emerging market.
  5. nye238_Kevin DietschGetty Images_biden kishida Kevin Dietsch/Getty Images

    Japan’s Strategic Imperative

    Joseph S. Nye, Jr. sees the country doubling down on its best option for ensuring national security and regional stability.
  6. zhang59_JADE GAOAFP via Getty Images_chinahousing Jade Gao/AFP via Getty Images

    China’s Savings Conundrum

    Zhang Jun explains why – and how – the country must stimulate household consumption to achieve a robust recovery.
  7. BP inflation hawks China News Service / Contributor via Getty Images

    The Flight of the Inflation Hawks

    Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.

  8. boly1_Giovanni MereghettiUCGUniversal Images Group via Getty Images_agriculture rwanda Giovanni Mereghetti/UCG/Universal Images Group via Getty Images

    How to Transform African Agriculture

    Safia Boly & Omid Kassiri identify four principles that could help governments across the continent boost food security.
  9. borrell19_ FADEL SENNAAFP via Getty Images_ukrainewar Fadel Senna/AFP via Getty Images

    Making Ukrainian Victory Possible

    Josep Borrell explains why continued military support and other forms of assistance remain critical.

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