Raghuram Rajan Quotes

A global economy that is levering up, while unable to generate enough aggregate demand to achieve potential growth, is on a risky path.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

I think the IMF helped to detonate the Indonesian crisis.

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.

We don't tell New Zealanders we can stop the global recession, because we can't. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.

People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens.

If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not nearly as strong as ours, you want to make sure we avoid those circumstances.

What is very negative is that in every country in Europe, the largest owner of that country's sovereign bonds are that country's banks.

It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.

I think some people don't truly understand the situation, and they think, you know, the debt limit, it doesn't really mean anything, and they don't understand the implications on the U.S. economy and on the global markets.

An intensification of trade or geopolitical tensions - with negative repercussions for global growth and risk appetite - could affect economies that are highly dependent on foreign demand or external financing.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.

Chinese experts noted that the U.S. economy has rebounded from the 2008 crash more strongly than some analysts here had expected, while China's own growth is slowing after several decades of rocket-ship acceleration.

There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

Massive debts owed to foreign creditors weaken our global influence and threaten high inflation and steep tax increases for our children and grandchildren.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Our global economy is much more fragile than many of us realize.

If I've learnt anything over the last six years it's that the most important thing is the strength of our economy. That is how we pay for our NHS, how we build schools, how we provide opportunities for people. And I'm in absolutely no doubt that our economy will be stronger if we stay in and will be weaker and at risk if we leave.

There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.