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About the Researcher(s)/Author(s)

180x250 Raghuram Rajan

Raghuram Rajan is the Katherine Dusak Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. He served as the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016, and was a chief economist and director of research at the International Monetary Fund 2003-06. He delivered the 2018 Martin Feldstein Lecture, based on this article, at the NBER Summer Institute on July 10, 2018. The lecture was named in honor of the NBER's president emeritus.

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