The History and Importance of Inflation Targeting

What were the deep causes of the global financial crisis and great recession? Has unconventional monetary policy in the wake of the crisis done more harm than good? And should monetary policy target financial stability?

I discuss these questions and more with Indian economist and Professor of Finance at the University of Chicago Raghuram Rajan.

Raghuram Rajan was chief economist at the IMF from 2003 to 2006, and from 2013 to 2016 he was Governor of the Reserve Bank of India. As RBI Governor, he notably introduced India's inflation-targeting scheme, among many other achievements.

Full transcript available at: josephnoelwalker.com/151-raghuram-rajan

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