Raghuram Rajan in list of likely Nobel laureates
NEW DELHI: Former Reserve Bank of India governor Raghuram Rajan’s name figures in this year’s list of possible winners of Nobel Prize in economics brought out by Clarivate Analytics. The economics prize will be announced in Stockholm on Monday, according to Nobelprize.org.
NEWDELHI:Former Reserve Bank of India (RBI) governor Raghuram Rajan’s name figures in this year’s list of possible winners of Nobel Prize in economics brought out by Clarivate Analytics. The economics prize will be announced in Stockholm on Monday, according to Nobelprize.org.
Clarivate Analytics, earlier a Thomson Reuters unit, publishes a list of possible Nobel Prize winners based on research citations, ahead of the formal announcement by the Nobel committee.
Rajan is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business, University of Chicago.
Giving the list of six possible candidates for the economics Nobel, Clarivate said these were Citation Laureates -- standouts whose research is clearly “of Nobel Class” according to its significance and utility, as attested by markedly high citation tallies recorded in the Web of Science.
According to information available on Clarivate’s website, in the last 15 years, 45 of the selected researchers had gone on to receive a Nobel -- nine in the same year in which they were tipped by Clarivate.
Rajan’s term as RBI governor ended on September 4, 2016. One year later, Rajan published a book with his “commentary ” to convey what it was like to be at the helm of the central bank in “those turbulent but exciting times”. Rajan in his book “I Do What I Do” said the demonetisation tool could have long-term benefits but its short-term economic costs would outweigh them. “I was asked by the government in February 2016 for my views on demonetisation, which I gave orally. Although there might be long-term benefits, I felt the short-term economic costs would outweigh them, ” he wrote.