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
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,
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We expect India to grow at around 7 to 7.5 % in calendar year 2006.
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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.
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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.
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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.
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There are times in the life of nations when they feel confident that they can take on the world, that they are capable of meeting any challenge. One reason such a mind-set is important is that it creates an intolerance for laziness, for shoddy products, for open corruption, and for the usual excuses. When people have a strong conviction that they can achieve the possibilities of the future, it makes them less tolerant of impediments in their way to it.
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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.
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It is always a concern when an important institution like the Bank of Italy comes under some uncertainty.
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I think it's feasible, very feasible to see 10 percent growth rates. I don't think 10 percent is over-optimistic.
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If India doesn't create the necessary infrastructure, it will hurt growth. India must take strong political steps to free up resources for investment.
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Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.
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If the economy turns down we may have more severe credit problems.
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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.