Indian - Economist | February 3, 1963 -
What is important for a central banker is that you have to convey that you know what you are doing.
Raghuram Rajan
DoingYouKnowImportantBanker
In India, we say one thing, and we do something else.
IndiaSaySomethingOne ThingThing
I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability. But there are certain areas where surprise is a tool.
ValueThinkSurpriseYouPolicy
The idea was never for me to be a career bureaucrat or career technocrat; it was more about where I could implement ideas and reform programs.
MeIdeasCareerMoreNeverWhere
The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
LiveWorldRestWorryCountryRight
The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all, they themselves have a chance to be winners.
SocietyChanceOpportunitiesAccept
One of the difficulties of a job in the, quote, 'real world' is you don't really get time to shut yourself off in a room and think.
TimeJobYourselfWorldThinkYou
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
GrowthChallengeRisksImportant
Politicians know that structural reforms - to increase competition, foster innovation, and drive institutional change - are the way to tackle structural impediments to growth. But they know that while the pain from reform is immediate, gains are typically delayed and their beneficiaries uncertain.
ChangeGrowthInnovationPainDrive
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.
GrowthPathSlowResultDownTask
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth.
GrowthSayingConstraintsAsset
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be.
StepMedicineFirst StepStronger
Copyright © 2024 QuotesDict Raghuram Rajan quotes