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Posts Tagged ‘Gopinath’

India’s Economy after Rajan

Posted by hkarner - 23. Juni 2016

Photo of Gita Gopinath

Gita Gopinath

Gita Gopinath is Professor of Economics at Harvard University. She is a visiting scholar at the Federal Reserve Bank of Boston, a research associate with the National Bureau of Economic Research, and a World Economic Forum Young Global Leader.

JUN 22, 2016

NEW DELHI – Raghuram Rajan’s decision not to seek a second term as Governor of the Reserve Bank of India (RBI, India’s central bank) was met with shock from those of us who have been cheering on the Indian economy. While it is no secret that Prime Minister Narendra Modi’s government had its problems with Rajan, few believed that the government would take a step that so clearly undermines India’s interests.

The government never liked Rajan’s insistence on pursuing interest-rate cuts gradually in order to promote price stability; instead, it wanted to see them slashed aggressively, in order to spur growth. Nor was the government particularly enthusiastic about Rajan’s role as a public intellectual. And then, in the past few weeks, a toxic and ludicrous outburst of criticism from those close to the government erupted, focusing on Rajan’s performance and his supposed lack of “Indian-ness.”

Despite all of this, there were compelling reasons to believe that Modi’s government would keep Rajan on board. Den Rest des Beitrags lesen »

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Low interest rates, capital flows, and declining productivity in South Europe

Posted by hkarner - 28. September 2015

Gita Gopinath, Sebnem Kalemli-Ozcan, Loukas Karabarbounis, Carolina Villegas-Sanchez 28 September 2015, voxeu

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