Leverage, Financial Crises, and Policies to Raise Economic Growth

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Institute of Politics Harvard Kennedy School

Күн бұрын

The 2018 Albert H. Gordon Lecture
A Conversation with
Raghuram Rajan
Katherine Dusak Miller Distinguished Service Professor of Finance, The University of Chicago Booth School of Business
Governor, Reserve Bank of India (2013-2016)
Chief Economist and Director of Research, International Monetary Fund (2003-2006)
Douglas Elmendorf (Moderator)
Dean and Don K. Price Professor of Public Policy, Harvard Kennedy School

Пікірлер: 100

@nagireddyvuduthuri6913 5 жыл бұрын

Whatta man !!! Such a honest man Name is Rajan and he does what he does

@AkshatPande92 5 жыл бұрын

There is something so polite and effortless about his demeanor, that it masks the tremendous intellect this man has at his disposal! As a layman, you would have had to google very few things about what he has spoken here. The true mark of his genius - Simplicity.

@roger72715 3 жыл бұрын

Let's talk DaVinci, that, Simplicity is the ultimate sophistication

@Subuzgreatest 3 жыл бұрын

He's a Brahmin, just like you & just like me 😏

@anujsheth8032 6 жыл бұрын

Thankyou for uploading this. Its always pleasure to hear Mr. Rajan

@kishanmarvania7155 4 жыл бұрын

An hour well invested!

@advaitanu 6 жыл бұрын

Fault in our star A true indian who couldnt change india

@Darknight_Syd84 5 жыл бұрын

adwait patil well change doesn’t happen overnight. While he has made significant changes it’s still work in progress and we will surely reach there in the long run.

@pankajuchiha9232 5 жыл бұрын

he is second choice for prime minister for 2019

@divyavichar 4 жыл бұрын

@@pankajuchiha9232 : Haha.

@ToThoseWhoVanished 3 жыл бұрын

India belongs to jahills n brute. Refined Indian vacate India

@adityasinghaswal4923 6 жыл бұрын

you all are really lucky to have this gem #braindrain

@majokthon4982 Жыл бұрын

it's make me feel good listening to this towering economist ,Dr. Rughuram Rejan .

@ngsingal 6 жыл бұрын

Really great and insightful.

@PrabhatKumar-fn4vy 5 жыл бұрын

And Subramanian Swamy think that he is much better than Raghu ram Rajan

@AmitThakur-lb1pb 5 жыл бұрын

Right I respect prof Rajan but Swamy is role model. He is icon for many Indian mathematician economist professor politician stratetigist policy thinker last but notleast nationalist

@Economics365 3 жыл бұрын

Great man

@shashu990 5 жыл бұрын

Lovely

@rashmiparveen3946 5 жыл бұрын

tremendous

@virnamisra1657 Жыл бұрын

An admirer

@nandakumar1780 3 жыл бұрын

Aggration and impression Boath's are equall ??

@annpurnasharma8061 5 жыл бұрын

best

@edumediatube6001 3 жыл бұрын

can you provide me a scholarship to Learn MA Pshycology in Harward kennady school, I can fly with my family.

@nandakumar1780 2 жыл бұрын

Rightfull son daughter's having intention on heridatry rights than newly devolope greater than past umbrella of depend...are we using and fighting rights using after disaster means deauty of Whome corrections ??

@virnamisra1657 Жыл бұрын

Good Caption for dissertation research else BURNS SCALDS FIRES in the deepest Forrester 9। !!!

@gaggusharma4460 3 жыл бұрын

Raghuram Rajanji next pm off india bigg exnomist and aulifieded honst in world

@suindude8149 9 ай бұрын

When all kinda leverage stops we need more strengthened fundamental research,so that democracy coupd be strengthened.

@luffy-vv8jp 2 жыл бұрын

❤️❤️❤️❤️❤️

@amrendratiwari4330 2 жыл бұрын

Without your rightness who is giving you

@nagabushanterli5714 4 жыл бұрын

Raghu ram rajan is probably called as the veteran economist can bring humongous change to revitalize the indian econimy with great aplomb, i think

@TTT-uk3cn Жыл бұрын

Why none of media asking Rajan questions on Congress conspiracy to throw in fake currency in Indian economy via UK and Pakistan? That led to demonetisation. P. Chidambaram is under scrutiny and his finance secretary is already in custody.

@KomalD-cb2bu 3 ай бұрын

Exactly.

@RaviShankar-pd3gy 5 жыл бұрын

Always playing safe😂🙏

@pinakibhattacharyya7853 5 жыл бұрын

That's an art of diplomacy and a product of proper education.

@ashishpnaik3383 4 жыл бұрын

@@pinakibhattacharyya7853 true very true... Far better than Subramanian swamy who blows hot and cold

@edumediatube6001 3 жыл бұрын

Raghuram rajan scapegoat of Modi administration.

@classScribbler 5 жыл бұрын

22:18 ---- If you have been wondering about unemployment levels in India right now

@pullamraju4855 3 жыл бұрын

Chidambaram pet is the Rajan a USA citizen, become RBI Governor!?

@cancoat4967 3 жыл бұрын

Now I realise why what Subramaniam Swamy said of you is true.Dr Swamy is a patriotic Indian and we are proud of him.

@skgupta2981 5 жыл бұрын

INDIANS ARE POOR INHABITANTS OF A RICH NATION HAVING HUGE POTENTIAL FOR GROWTH.THE BIGGEST OBSTALE IS TAX STRUCTURE OF THE COUNTRY. INDIA INVITE FOREGION CAPITAL & FDI BY OFFERING MANY FACILITIES/ RELXATIONS CONTRARY TO IT SAVINGS CAPACITY OF MÌDDLE CLASS IS SUPPRESSED IN VISCIOUS NET / LAWS OF TAXES.INDIA LEVIES TAX ON EARNING, ON SAVINGS PRODUCTS , & INVESTMENT/ INSURANCE PLANS.LIKE GST , TDS ETC.ADVERSLY AFFECTS PEOPLE' S CAPACITY TO SAVE/ INVEST & DIVERTED TO UNPRODUCTIVE EXPENSES , ANTI SOCIAL THINGS GROWS TO BEGIN WITH SMOKING/DRINKING WINE DRUGS ADDICTION & SO ON RATE OF CAPITAL FORMATION REMAINS LOW/ UNDER UTILISED.

@samoramachelsms3798 2 жыл бұрын

Turabubona ubutwari Intwari zuRwanda zagize muri mwebwe Nyakubahwa Presdent Paul KAGAME kuko kuva mubohoye Igihugu mukagikura muri Genocide yakorewe abatutsi 1994 ubu Rwanda niyambere muri Africa ikaba iya gatandatu kwisi mwisuku numutekano no kurwanya Covid19 🙏🇷🇼

@nandakumar1780 3 жыл бұрын

A Highway of truths and poore and productions and after consumption a inner satisfaction and feell Respective pride to return to truth. Or a weighting of respect frome them's licked a gape and Bridge of smooth communication with respect to respect.. or crisis of thinking convert into a giving heart's licks feell nearer..

@demlinnalo2030 5 жыл бұрын

👍👍👍👍👍👍

@maazkhan4915 Жыл бұрын

He's gonna be our finance minister one day 😁

@KomalD-cb2bu 3 ай бұрын

NEVER

@virnamisra1657 2 жыл бұрын

Merry Xmas 🌟🌲🌲 🌟। JFK USA ५ 🌟🏠

@sadenb 6 жыл бұрын

Although he had done well to reduce inflation, his abnormally high rise of interest rates was a disaster to small business and make them non competitive.

@pinakibhattacharyya7853 5 жыл бұрын

Cars causes accidents and people die. Given that, would you boycott cars?

@sagarbehera 5 жыл бұрын

The banks in India are also quite circumspect. They don't exactly transmit the monetary policy decisions into the larger economy.

@azsxdcfvgb766 6 жыл бұрын

RBI's motto after Rajan came on God bless the bondholders, to hell with everyone else.

@virnamisra1657 2 жыл бұрын

Speak। Was it as much pleasure to be at कनाडा minused अंबनीतनितिनीत नुक्कड़ not a called। ? ie Akash bensovillenotacalleddwdpsdalhipzbi

@SindhunathChaurasia 5 жыл бұрын

This discussion shifted to GST & Demonitisation.

@Shivkumar-jg9zu 9 ай бұрын

This RRR is hilarious.

@kenzong8427 2 жыл бұрын

SORRY, the same incentives , the same risks still there....

@amrendratiwari4330 2 жыл бұрын

Wrong statement Freud for 100 million doller

@amrendratiwari4330 2 жыл бұрын

Fraud

@Alienfromotherplanet 5 жыл бұрын

What did you do to catch the NPA's which were practise during your tenure ? It was due to initiatives of leadership of Prime Minister Modiji who brought in changes to bankruptcy act and some other economic reforms to stop the leakage of money from several banks which had to recapitalized. Mr. Rajan you need to own up to your responsibility before blaming the present day Government.

@TheJainmehul 5 жыл бұрын

Ahahahahaha aa gaya gawaar sanghi.

@varmagottumukkala 4 жыл бұрын

Modi is just lucky chap he did not try to turnaround ,What did modi do for IDBI Scam ?PNB Scam ? Why India did not take advantage oil price going down last few years ? Why Government Failed to create New Jobs ?

@varun2440 3 жыл бұрын

Bhakht , have the capacity to absorb truths

@writetomir 5 жыл бұрын

CONGRESS MANIFESTO - A CLEAR ROAD MAP - NYAY - JOBS - FARMERS - VOTE - FOR - CONGRESS - BJP BHAGAO DESH BACHAO.

@AudioPervert1 6 жыл бұрын

Why don't such seminars include the real poor people .. after all they have much better and simpler ideas to combat Financial Crises, and Policies to try Raise Economic Growth.. as for leverage the institutions and elite resources pools are always around ...

@pinakibhattacharyya7853 5 жыл бұрын

They don't have the proper understanding of how the national economy works. Decisions what policy makers takes is based on aggregate data to see macro trends in the economy. Macro trends are a collective phenomena and don't necessarily a direct manifestation of micro/local effects. There are mathematical theorems for explaining such effects. That's why Rajan told that there many dimensions to it and too many factors to account for. But when you need to make quick decisions in the time of crisis you cannot calibrate every factor or parameter. Your decisions needs to be based on experience and historical macro data and hope for the best. Don't you think every person in the face of crisis acts like that.

@barneylinux 5 жыл бұрын

How do they know? If they know why are they poor?

@KomalD-cb2bu 3 ай бұрын

@@barneylinuxThey can be poor because of lack of opportunities and resources. Huh. And somethings are not in their control

@divyavichar 4 жыл бұрын

He starts by dissing India. That's why Sonia Maino likes him.

@varun2440 3 жыл бұрын

I am an indian , he is not dissing india , you dont have the capacity to accept truths

@divyavichar 3 жыл бұрын

@@varun2440 Hindus are seekers of truth, not blind 'believers'.

@MyName-hu6xj 5 жыл бұрын

Raghuram makes a comment that iphones are not built in India because of lack of skills. It is yesterday's knowledge . He should update it. Samsung has opened a new factory in India which will make 120 million phones a year which is the biggest in the world. He keeps saying that the demonetization effects are yet to be seen. Again needs to update his knowledge. The number of tax payers in 2017-18 increased by 80.5% compared to 2013-14. These effects will start counting over the years. Overall he is eloquent in the delivery of his thoughts but he definitely carries anti India bias deep down in his thoughts. It was the best decision of Modi Government to kick him out. .

@TheJainmehul 5 жыл бұрын

He's talking about developing phones. India doesn't have the skills to do it. Various economists have confined demonetization did nothing to help India economy. And anti India bias 😂 anyone not agreeing on sanghi government and their mindset is anti India according to you morons. Show your bhaktigiri somewhere else.

@MyName-hu6xj 5 жыл бұрын

Hey Moron Mehul you shoud also watch this video and listen to what people on the ground say about the effect of demonetization instead of listening to blabber from so called economist who sit in ivory tower and offer only criticism instead of solutions. DG of Border Security is saying a month ago that FICN has dropped considerably after demonetization. t is difficult to fake the notes. That will have a good impact on the restoration of confidence in Indian currency and reduce harmful effects of the fake notes on economy. timesofindia.indiatimes.com/videos/news/fake-currency-influx-dropped-due-to-demonetisation-dg-bsf-kk-sharma/videoshow/65722515.cms

@anuragdimri1085 6 жыл бұрын

You are good Dr. Rajan .But please stop insulting India on the international stage

@anuragdimri1085 6 жыл бұрын

No doubt about his assessment but the way of his presentation ,and no in no country things are prefect.He related his pursuing economics to things happening wrongly in India. There was no need to say that .That's what I meant.

@anuragdimri1085 6 жыл бұрын

Even if he had not mentioned this thing about india ,his assessment on other aspects would have been considered fair. I am not questioning his loyalty.So don't write stupid things without knowing why someone wrote something

@anuragdimri1085 6 жыл бұрын

I am a true Indian at heart so I definitely respect someone like RAGHURAM RAJAN

@mother.95 6 жыл бұрын

steven salvatore Jab tak India ka gaand nahi maarenge, tab tak ye desh nahi shudrega

@hiteshdsouza9615 5 жыл бұрын

learn to take criticism and try to improve, remember if the road to success is smooth then you are doing it wrong.