Archive for September 4th, 2013

Whose Central Bank? For Bankers or for macro stability?

September 4, 2013

A super column by Brad Delong (most must have read it but anyways)..

He says central banks are broadly deemed for two kinds of people:

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Bidding Adieu to Subba and welcoming Raghuram Rajan..

September 4, 2013

So finally Dr. Subbarao has gone and we have Dr Raghuram Rajan taking control over RBI.  I have nothing much to say as Tamal Bandhopadhyay sums up much I want to say. Wishing him good luck. Tamal also has this light article on what Subbarao might do after moving on from RBI. Learning Salsa and renewing his relationship with his mother in law are really interesting things to do…

Now to Dr. Rajan. Given that he was governor elect for about 20 days or so, he has utilised his time well. He starts with a really interesting speech suggesting he is in control. Notice the “I’s ” and informal tone in the speech:

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