Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed’s QE Program | Macro Musings скачать в хорошем качестве

Raghuram Rajan on the Impact of the Ratcheting Effect of The Fed’s QE Program | Macro Musings

Raghuram Rajan is a finance professor at the University of Chicago and leads the Group of 30. Previously he was the chief economist at the IMF and the governor of the Reserve Bank of India. In Raghuram’s first appearance on the show, he discusses his famous 2005 Jackson Hole speech, how he righted the ship on India’s emerging economy, the consequences of zero-sum thinking, the differences between being a policymaker and an academic, the ratcheting effect of QE on the Fed’s balance sheet, and much more. Recorded January 20th, 2026 Transcript and links: https://www.mercatus.org/macro-musing... Stay connected: Subscribe to David's Substack: https://macroeconomicpolicynexus.subs... Follow David on X: https://x.com/DavidBeckworth Follow the show on X: https://x.com/Macro_Musings Timestamps 00:00:00 - Raghu’s Career 00:23:22 - Policymaker Versus Academic 00:30:58 - Ratcheting Effect of Quantitative Easing