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
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.
greater price
If you actually see price declines...you could see even greater effects.
calendar expect grow india year
We expect India to grow at around 7 to 7.5 % in calendar year 2006.
global growth jury shifting states united whether
We see a shifting of global growth away from the United States to other countries. Whether it's enough is still for the jury to decide. The jury is still out.
building challenges fair
It would be fair to say to the world, 'You have never had it so good. But challenges are building in the background.
fair
It would be fair to say the world has never had it so good.
worry
The worry is how long will this continue.
economy few last proved resilient
The world economy has proved tremendously resilient over the last few years.
afflicts attractive bitter citizens continued convinced cure european failure medicine people politics reforms retain seem stasis structural work
Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the Continent. It is a failure of politics that people have not come to see that the more they want to retain the attractive European way of life, the more the way they work will have to change.
academic associate inflation people somewhat targeting theme wrongly
People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process.
associate inflation people somewhat targeting wrongly
People associate inflation targeting somewhat wrongly with rigidity,
adjustment continues deficit financed gaining ground optimists pessimists worry
As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.
commented economic emerging investment last somewhat
We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.
growth lower percentage points result
Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.