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Letter "R" » Raghuram Rajan Quotes
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«A number of developments concern us. These include the excessive dependence of global demand on consumption, especially in the US, the elevated level of asset prices, particularly housing and the high and volatile price of oil. The downside risks to our forecast have thus increased.»
Author: Raghuram Rajan
«Oil price increases are thus unlikely to be benign going forward.»
Author: Raghuram Rajan
«Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.»
Author: Raghuram Rajan
«Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the continent. Of course economists can only prescribe but it takes politicians to persuade.»
Author: Raghuram Rajan
«People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process.»
Author: Raghuram Rajan
«We expect India to grow at around 7 to 7.5 % in calendar year 2006.»
Author: Raghuram Rajan
«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.»
Author: Raghuram Rajan
«[Whatever the motivation, eventually] reserves are enough to protect against everything except Armageddon, ... With the precautionary value falling, and explicit financing costs rising, reserve accumulation creates a growing strain on government finances, in addition to creating a perception of exchange rate manipulation in some cases.»
Author: Raghuram Rajan
«The U.S. should reduce its fiscal deficit.»
Author: Raghuram Rajan
«Some revenue-raising measures had to be considered after Hurricane Katrina ... but we believe some of those measures are optimistic.»
Author: Raghuram Rajan
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