The New Yorker wrote about a recent speech that Markets member and Reserve Bank of India Governor Raghuram Rajan gave on the concept of 'helicopter money' at the London School of Economics. In the lecture, Rajan suggested that quantitative easing may no longer be a useful way for governments to boost their economies. John Cassidy writes in the New Yorker that Rajan recommends that governments and central banks should proceed with caution when considering untested and risky policies.

 

Raghuram Rajan is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Since assuming his role at the Reserve Bank of India, he has been on leave from the University of Chicago. Rajan received an M.B.A. from the Indian Institute of Management in 1987, and a Ph.D. in Management from the Massachusetts Institute of Technology in 1991.

 

You can read the New Yorker article here.