Raghuram Rajan
Raghuram Rajan
Raghuram Govind Rajanis an Indian economist currently serving as the 23rd Governor of the Reserve Bank of India. He was chief economist at the International Monetary Fund from 2003 to 2007, the youngest to occupy the position. He was a professor of finance at the University of Chicago Booth School of Business from 1991 to 2013, when he went on public service leave...
ProfessionEconomist
Date of Birth3 February 1963
china increasing oil prices processes proving run running strain
The U.S. and China are running on processes which in the long run are unsustainable. Oil prices are proving an increasing strain on growth.
develop extent india interests nuclear power safer
It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source.
effect estimate greater growing growth house opposed percentage point price prices primary risk slowing staying
The primary risk is of a greater slowing of house price growth than anticipated we estimate that the effect of house prices staying flat, as opposed to growing by about 5 percent, could lop one percentage point off U.S. growth.
far further growth increases point price start
We are getting more and more into supply-driven price increases which are going to be more constraining for growth going forward. We are at a point where further substantial increases will start mattering far more.
asset concern demand dependence downside elevated excessive forecast global high housing include level number price risks thus volatile
A number of developments concern us. These include the excessive dependence of global demand on consumption, especially in the US, the elevated level of asset prices, particularly housing and the high and volatile price of oil. The downside risks to our forecast have thus increased.
likely oil
As a result, the oil price-induced imbalances are likely to be with us for some time.
believe considered hurricane katrina measures
Some revenue-raising measures had to be considered after Hurricane Katrina ... but we believe some of those measures are optimistic.
benign increases oil price thus unlikely
Oil price increases are thus unlikely to be benign going forward.
affecting creeping oil producer rising seeing slowly states united
Oil is affecting inflation; it is slowly creeping up in the United States and we're seeing rising producer prices,
commodity effect oil prices
Oil and other commodity prices are going to have some effect over time.
emerging result scandals system
It is an emerging economy, and as a result there will be scandals. What I think is important is that these scandals stress-test the system and tell us where the deficiencies are.
bank concern italy
It is always a concern when an important institution like the Bank of Italy comes under some uncertainty.
feasible growth percent
I think it's feasible, very feasible to see 10 percent growth rates. I don't think 10 percent is over-optimistic.
credit economy severe turns
If the economy turns down we may have more severe credit problems.