Default Fellow

Raghuram Rajan

Senior Fellow
Biography: 

Raghuram Rajan is a senior fellow at the Hoover Institution.

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Recent Commentary

Analysis and Commentary

Central Banks’ Year Of Reckoning

by Raghuram Rajanvia Live Mint
Monday, January 1, 2018

Since 2008, central banks in industrial countries have deviated from ordinary monetary policymaking in a variety of ways. They’ve tried to persuade the public through “forward guidance” that interest rates would stay low for extended periods of time. And they’ve deployed various programmes such as long-term refinancing operations (LTROs), the securities markets programme (SMP) and quantitative easing (QE) in pursuit of various goals.

Analysis and Commentary

Central Banks’ Year Of Reckoning

by Raghuram Rajanvia Project Syndicate
Thursday, December 21, 2017

[Subscription Required] In the absence of political solutions, central banks in the decade since the 2008 financial crisis have rolled out one unconventional monetary policy after another, with various justifications and varying effectiveness. Now that the period of monetary exceptionalism seems to be coming to an end, central bankers must soberly assess their own record.

Featured

Was Unconventional Monetary Policy A Success?

by Raghuram Rajanvia Chicago Booth Review
Monday, September 25, 2017

How central bankers’ extraordinary solutions have led to some profound questions about the future of monetary policy.