Policy and Evidence

Raghuram Rajan

Working Papers from eSocialSciences

Abstract: There has to be evidence in the policy dialogue. Some may believe that all it takes to convince the body politic of the necessity to choose one policy over another is to present the evidence, complete with careful, well identified tests. Confronted with the evidence, the advocates of misguided policies will simply bow to the superiority of the other side’s arguments and withdraw gracefully. But this is not the real world situation. [10th Statistics Day Conference 2016, Reserve Bank of India, Mumbai]

Keywords: interest rates; policies; statistics; evidence; inflation; balance sheets; banks; credit; spending; India; growth slowdown; Public Sector Lending; private; housing loans; demand; deposits (search for similar items in EconPapers)
Date: 2016-08
Note: Institutional Papers
References: Add references at CitEc
Citations: View citations in EconPapers (6)

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