Found 43 article(s) for author 'Gita Gopinath'

The International Price System

The International Price System. Gita Gopinath, August 20, 2015, Paper. “I define and provide empirical evidence for an “International Price System” in global trade employing data for thirty-five developed and developing countries. This price system is characterized by two features. First, the overwhelming share of world trade is invoiced in very few currencies, with the dollar the dominant currency. Second, international prices, in their currency of invoicing, are not very sensitive to exchange rates at horizons of up to two years. In this system, a good proxy for a country’s inflation sensitivity to exchange rate fluctuations is the fraction of its imports invoiced in a foreign currency…Link

Tags: , ,

Capital Allocation and Productivity in South Europe

Capital Allocation and Productivity in South Europe. Gita Gopinath, July 2015, Paper, “Following the introduction of the euro in 1999, countries in the South experienced large capital inflows and low productivity. We use data for manufacturing firms in Spain to document a significant increase in the dispersion of the return to capital across firms, a stable dispersion of the return to labor across firms, and a significant increase in productivity losses from misallocation over time. We develop a model of heterogenous firms facing financial frictions and investment adjustment costs. The model is consistent with cross-sectional and time-series patterns in size, productivity, capital returns, investment, and debt observed in production and balance sheet data.Link

Tags: , , , , , ,

Gita Gopinath – India’s fiscal fortune

India’s fiscal fortune: Translating good intentions into desired outcomes will depend on pushing through reforms on regulatory issues. Gita Gopinath, March 9, 2015, Opinion. “Indian Prime Minister Narendra Modi’s government must be feeling lucky. The decline in world commodity prices, led by crude oil, has made managing the national budget easier. And now, after the Central Statistics Office (CSO) revised its methodology for calculating gross domestic product (GDP) data, that task has become easier still. According to CSO, as a result of the methodological change, annual output growth in the second quarter of 2014 stood at 8.2%, up sharply from the original estimate of 5.3%…” Link

Tags: , ,

Gopinath on Fiscal Devaluation, Women in Economics

Gopinath on Fiscal Devaluation, Women in Economics. Gita Gopinath, February 7, 2015, Video. “Gita Gopinath, a professor at Harvard University in Cambridge, Massachusetts, talks about the theory of ‘fiscal devaluation,’ a tax intervention strategy she sees as a way to revive the economy of euro-area countries that cannot devalue their exchange rates. Gopinath also talks about the need to strengthen the pipeline for female doctoral candidates in economics.” Link

Tags: , ,

ECB’s action could be too little, too late: Gita Gopinath

ECB’s action could be too little, too late: Gita Gopinath. Gita Gopinath, January 22, 2015, Video. “The European Central Bank has launched a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. Reacting to this, Gita Gopinath, Professor, Harvard University says the ECB’s stimulus could end up being too little, too late.” Link

Tags: ,

Gita Gopinath on reform measures by Modi government

Gita Gopinath on reform measures by Modi government. Gita Gopinath, November 7, 2014, Video. “Gita Gopinath, professor of economics at Harvard University, shares her views on recovery in global economy and the reform measures taken by the Modi government, complimenting RBI Governor Rajan for improving the fundamentals of the Indian economy.Link

Tags: ,

Handbook of International Economics

Handbook of International Economics. Gita Gopinath, Elhanan Helpman, Kenneth Rogoff, February 22, 2014, Book. “Increasing returns, imperfect competition and the positive theory of international trade (P. Krugman). Technology and trade (G.M. Grossman, E. Helpman). International trade theory: The evidence (E. Leamer, J. Levinsohn). Strategic trade policy (J.A. Brander). Political economy of trade policy (D. Rodrik). International rules and institutions for cooperative trade policy (R. Staiger). Estimating the effects of trade policy (R.C. Feenstra)…” May require purchase or user account. Link Verified October 11, 2014

Tags: , , , , , ,

RBI’s job is to make sure growth doesn’t suffer: Gopinath

RBI’s job is to make sure growth doesn’t suffer: Gopinath. Gita Gopinath, December 21, 2013, Opinion. “It would be safe to say the Reserve Bank governor Raghuram Rajan surprised most by not hiking rates. Gita Gopinath, Professor-Economics at Harvard University, who got her PhD from the University of Princeton, agrees it was a surprise, but is quick to add that monetary policy works with a lag. She says it is RBI’s job to make sure that growth does not suffer either, in a bid to curb inflation. Also the governor has made it clear that if inflation doesn’t cool by January then he will perhaps hike…” Link 

Tags: , ,