Working Papers
The Incidence of Tariffs: Rates and Reality
Gita Gopinath and Brent Neiman
2025
An Integrated Policy Framework (IPF) Diagram for International Economics
Susan S. Basu and Gita Gopinath
IMF Working Paper No. 038, 2024
Monetary Policy and the Short-Rate Disconnect in Emerging Economies
Pierre De Leo, Gita Gopinath, and Sebnem Kalemli-Ozcan
2024
Preemptive Policies and Risk-Off Shocks in Emerging Markets
Mitali Das, Gita Gopinath, and Sebnem Kalemli-Ozcan
2022
A Global Strategy to Manage the Long-Term Risks of COVID-19
Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, and Peter Sands
IMF Working Paper No. 068, 2022
A Conceptual Model for the Integrated Policy Framework
Suman Basu, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz Unsal
IMF Working Paper, 2020
Global Trade and the Dollar
Emine Boz, Gita Gopinath, and Mikkel Plagborg-Moller
2017
2025
Integrated Monetary and Financial Policies for Small Open Economies
Susan S. Basu, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz D. Unsal
Econometrica, 2025, 93
Sovereign Vs. Corporate Debt and Default: More Similar Than You Think
Gita Gopinath, Josefin Meyer, Christoph Trebesch, and Carmen Reinhart
Journal of International Economics, 2025, 155
Changing Global Linkages: A New Cold War?
Gita Gopinath, Pierre-Olivier Gourinchas, Andrea F. Presbitero, and Petia Topalova
Journal of International Economics, 2025, 153
2022
Seven Finance and Trade Lessons from Covid-19 for Future Pandemics
Ruchir Agarwal and Gita Gopinath
Oxford Review of Economic Policy, 2022, 38(4)
Patterns of Invoicing Currency in Global Trade: New Evidence
Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl, and Tra Nguyen
Journal of International Economics, 2022
2021
Banking, Trade, and the Making of a Dominant Currency
Gita Gopinath and Jeremy Stein
Quarterly Journal of Economics, 2021, 136(2): 783-830
Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy
Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang
American Economic Review: Insights, 2021
2020
Cash and the Economy: Evidence from India's Demonetization
Gabriel Chodorow-Reich, Gita Gopinath, Prachi Mishra, and Abhinav Narayan
Quarterly Journal of Economics, 2020, 135(1): 57-103
Dominant Currency Paradigm
Gita Gopinath, Emine Boz, Camila Casas, Federico Diez, Pierre-Olivier Gourinchas, and Mikkel Plagborg-Moller
American Economic Review, 2020, 110(3): 677-719
2019
Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through
Emine Boz, Gita Gopinath, and Mikkel Plagborg-Moller
American Economic Review, Papers & Proceedings, 2019, 109: 527-32
What the Economy Needs Now
Abhijit Banerjee, Gita Gopinath, Raghuram Rajan, and Mihir Sharma (Editors)
Juggernaut, 2019
2018
The Macroeconomics of Border Taxes
Omar Barbiero, Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki
NBER Macroeconomics Annual, 2018
Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings
Gita Gopinath and Jeremy C. Stein
American Economic Review, Papers and Proceedings, 2018, 108: 542-46
2017
Capital Allocation and Productivity in South Europe
Gita Gopinath, Sebnem Kalemli-Ozcan, Loukas Karabarbounis, and Carolina Villegas-Sanchez
Quarterly Journal of Economics, 2017, 132(4): 1915-67
Rethinking International Macroeconomic Policy
Gita Gopinath
2017
A Macroeconomic Perspective on Border Taxes
Gita Gopinath
Brookings Papers on Economic Activity, 2017
Comments on "The Reallocation Myth" by Chang-Tai Hsieh and Pete Klenow
Gita Gopinath
Proceedings of the Jackson Hole Symposium, 2017
2014
Sovereign Debt Booms in Monetary Unions
Mark Aguiar, Manuel Amador, Emmanuel Farhi, and Gita Gopinath
American Economic Review P&P, 2014, 104(5): 101-06
Fiscal Devaluations
Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki
Review of Economic Studies, 2014, 81(2): 725-60
International Prices and Exchange Rates
Ariel Burstein and Gita Gopinath
In Handbook of International Economics, Vol. 4, pp. 391-451. Elsevier, 2014
Trade Adjustment and Productivity in Large Crises
Gita Gopinath and Brent Neiman
American Economic Review, 2014, 104(3): 793-831
Handbook of International Economics, Vol. 4
Gita Gopinath, Elhanan Helpman, and Ken Rogoff (Editors)
Amsterdam: Elsevier, 2014
2013
Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
Mark Aguiar, Manuel Amador, Emmanuel Farhi, and Gita Gopinath
Working Paper, 2013
Comment on "Individual Price Adjustment Along the Extensive Margin"
Gita Gopinath
In NBER Macroeconomics Annual 2012, Vol. 27. University of Chicago Press, 2013
2011
International Prices, Costs and Mark-up Differences
Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh, and Nicholas Li
American Economic Review, 2011, 101(6): 2450-86
In Search of Real Rigidities
Gita Gopinath and Oleg Itskhoki
In NBER Macroeconomics Annual 2010, Vol. 25. University of Chicago Press, 2011
2010
Frequency of Price Adjustment and Pass-through
Gita Gopinath and Oleg Itskhoki
Quarterly Journal of Economics, 2010, 125(2): 675-727
Currency Choice and Exchange Rate Pass-through
Gita Gopinath, Oleg Itskhoki, and Roberto Rigobon
American Economic Review, 2010, 100(1): 304-36
2009
Expropriation Dynamics
Mark Aguiar, Manuel Amador, and Gita Gopinath
American Economic Review, 2009, 99(2): 473-79
Investment Cycles and Sovereign Debt Overhang
Mark Aguiar, Manuel Amador, and Gita Gopinath
Review of Economic Studies, 2009, 76(1): 1-31
2007
Emerging Market Business Cycles: The Cycle Is the Trend
Mark Aguiar and Gita Gopinath
Journal of Political Economy, 2007, 115(1): 69-102
Book Review: Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies
Gita Gopinath
Journal of International Economics, 2007, 71(1): 260-63
Comment: South Korea's Experience With International Capital Flows
Gita Gopinath
In Capital Controls and Capital Flows in Emerging Economies. University of Chicago Press, 2007
2006
The Role of Interest Rates and Productivity Shocks in Emerging Market Fluctuations
Mark Aguiar and Gita Gopinath
In Tenth Annual Conference on the Central Bank of Chile, 2006
Defaultable Debt, Interest Rates and the Current Account
Mark Aguiar and Gita Gopinath
Journal of International Economics, 2006, 69(1): 64-83
Book Review: Dollar Adjustment: How Far? Against Whom?
Gita Gopinath
Journal of Economic Literature, 2006, 44(1): 155-56
Efficient Expropriation: Sustainable Fiscal Policy in a Small Open Economy
Mark Aguiar, Manuel Amador, and Gita Gopinath
Working Paper, 2006
2005
Fire-Sale Foreign Direct Investment and Liquidity Crises
Mark Aguiar and Gita Gopinath
Review of Economics and Statistics, 2005, 87(3): 439-52
Comment: When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies
Gita Gopinath
In NBER Macroeconomics Annual 2004, Vol. 19, pp. 54-61. MIT Press, 2005