Leverage, Financial Crises, and Policies to Raise Economic Growth

Raghuram Rajan
Douglas Elmendorf
Wednesday, April 11, 2018 - 6:00pm
Mossavar-Rahmani Center for Business & Government

The 2018 Albert H. Gordon Lecture

A Conversation with
Raghuram Rajan
Katherine Dusak Miller Distinguished Service Professor of Finance, The University of Chicago Booth School of Business
Governor, Reserve Bank of India (2013-2016)
Chief Economist and Director of Research, International Monetary Fund (2003-2006)
Douglas Elmendorf (Moderator)
Dean and Don K. Price Professor of Public Policy, Harvard Kennedy School

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Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund.
Dr. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. He co-authored Saving Capitalism from the Capitalistswith Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010.
Dr. Rajan is a member of the Group of Thirty. He was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences. In January 2003, the American Finance Association awarded Dr. Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40. The other awards he has received include the Infosys prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, Euromoney Central Banker Governor of the Year 2014, and Banker Magazine (FT Group) Central Bank Governor of the Year 2016.

Douglas W. Elmendorf is Dean of the John F. Kennedy School of Government at Harvard University, where he also serves as the Don K. Price Professor of Public Policy.
Doug Elmendorf served as the director of the Congressional Budget Office from January 2009 through March 2015. Prior to joining CBO, he was at Brookings, where he was a senior fellow, the Edward M. Bernstein Scholar, and the director of The Hamilton Project. He was previously an assistant professor at Harvard University, a principal analyst at CBO, a senior economist at the White House’s Council of Economic Advisers, a deputy assistant secretary for economic policy at the Treasury Department, and an assistant director of the Division of Research and Statistics at the Federal Reserve Board. In those positions, he worked on budget policy, health care issues, the macroeconomic effects of fiscal policy, Social Security, income security programs, financial markets, macroeconomic analysis and forecasting, and other topics.
Doug Elmendorf earned his Ph.D. and A.M. in economics from Harvard University, where he was a National Science Foundation graduate fellow, and his A.B. summa cum laude from Princeton University.