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The Joe Walker Podcast

Raghuram Rajan — Debt, Monetary Policy, and Unintended Consequences

Nov 1, 2023
01:51:50
Snipd AI
Raghuram Rajan, Indian economist and Professor of Finance at the University of Chicago, discusses the causes of the global financial crisis, the risks in the financial system, and the challenges of targeting financial stability in monetary policy.
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Quick takeaways

  • Raghuram Rajan accurately predicted the global financial crisis by highlighting the perverse incentives and excessive risks in deregulated financial markets
  • Expanding housing credit with relaxed standards led to imbalances and contributed to the depth of the financial crisis, highlighting the need for credit management within limits

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