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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,
This approach advocates embedding agility into the organizational culture, readying businesses to adapt to changes from market dynamics to technological advances.
This is the problem with good intentions and radical ideas
Rajan's latest book, Breaking the Mould: Reimagining India's Economic Future, is set to be released in December. Priced at Rs 799, it is currently available for pre-order online.
The Fed’s efforts to stay out of partisan politics could end up putting its independence in danger.