Raghuram Rajan suggests when the US Federal Reserve might start cutting rates, considers how to mitigate monetary policy spillovers, proposes measures to boost financial stability, and more
India might have become the fifth largest economy in the world and is perhaps on its way to becoming the third largest. It is also growing faster than most major economies in the world. But is.
Raghuram G. Rajan Says More…Project Syndicate (PS): You have criticised monetary policymakers’ response to the 2008 global economic crisis, which had profound spillover effects to which they “paid insufficient heed”. In your new book, Monetary Policy and Its Unintended Consequences, you offer a “sketch of a model” showing how monetary-policy spillovers “cause leveraging,
Business storytelling might be stylistically and structurally different. But here’s a list of 15 books released this year that defy limitations, covering an array of topics, from cryptocurrency to ‘climate capitalism’ and surveillance, and will appeal to a wider readership.