Raghuram Rajan Quotes (29 Quotes)

It would be fair to say to the world, 'You have never had it so good. But challenges are building in the background.

If the economy turns down we may have more severe credit problems.

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.

I think it's feasible, very feasible to see 10 percent growth rates. I don't think 10 percent is over-optimistic.

We expect India to grow at around 7 to 7.5 in calendar year 2006.

Higher oil prices are a clear and present danger.

It would be fair to say the world has never had it so good.

It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source.

We are getting more and more into supply-driven price increases which are going to be more constraining for growth going forward. We are at a point where further substantial increases will start mattering far more.

As a result, the oil price-induced imbalances are likely to be with us for some time.

They may have to work harder in order to keep inflation expectations anchored.

The world economy has proved tremendously resilient over the last few years.

The U.S. and China are running on processes which in the long run are unsustainable. Oil prices are proving an increasing strain on growth.

Oil and other commodity prices are going to have some effect over time.

It is always a concern when an important institution like the Bank of Italy comes under some uncertainty.

As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.

Oil is affecting inflation it is slowly creeping up in the United States and we're seeing rising producer prices,

There are times in the life of nations when they feel confident that they can take on the world, that they are capable of meeting any challenge. One reason such a mind-set is important is that it creates an intolerance for laziness, for shoddy products, for open corruption, and for the usual excuses. When people have a strong conviction that they can achieve the possibilities of the future, it makes them less tolerant of impediments in their way to it.

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.

If India doesn't create the necessary infrastructure, it will hurt growth. India must take strong political steps to free up resources for investment.

Despite having been helpful in the past, globalization may not be a crutch for central banks to lean on going forward.

People associate inflation targeting somewhat wrongly with rigidity,

The Fed will be watchful and will likely continue the process of increasing interest rates in the near term.

Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.

House prices can't increase at the rate in which they have been going over the past few years.

We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.

The worry is how long will this continue.

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.

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.