Building Stability for Indian Growth (Raghuram Rajan, Project-Syndicate)

In their efforts to stimulate demand by pursuing increasingly aggressive monetary policies, advanced economies have been imposing risks on emerging-market countries such as India. Indeed, one day we face surging capital inflows, as investors go into “risk-on” mode, and outflows the next as they switch risk off.

https://www.project-syndicate.org/commentary/policymakers-should-enable-business-activity-by-raghuram-rajan-2016-05

New Rules for the Monetary Game (Raghuram Rajan, Project-Syndicate)

Our world is facing an increasingly dangerous situation. Both advanced and emerging economies need to grow in order to ease domestic political tensions. And yet few are. If governments respond by enacting policies that divert growth from other countries, this “beggar my neighbor” tactic will simply foster instability elsewhere. What we need, therefore, are new rules of the game.

http://www.project-syndicate.org/commentary/new-monetary-policy-rules-needed-by-raghuram-rajan-2016-03

The Global Monetary Non-System (Raghuram Rajan, Project-Syndicate)

http://www.project-syndicate.org/commentary/unconventional-monetary-policy-weak-growth-by-raghuram-rajan-2016-01