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Gita Gopinath Profile

Gita Gopinath is first deputy managing director of the International Monetary Fund. She was chief economist of the fund and director of its research department from 2019 to 2022. Prior to joining the IMF, she was the John Zwaanstra Professor of International Studies and Economics at Harvard University, an NBER research associate, and codirector of the NBER’s International Finance and Macroeconomics Program. This article is a lightly edited version of the Martin Feldstein Lecture delivered at the 2022 NBER Summer Institute on July 19. The views expressed are those of the author and do not necessarily represent the views of the IMF, its Executive Board, IMF Management, or the NBER.


1. Dominant Currency Paradigm,” Gopinath G, Boz E, Casas C, Díez F, Gourinchas PO, Plagborg-Møller M. American Economic Review 110(3), March 2020, pp. 677–719.   Go to ⤴︎
2. A Conceptual Model for the Integrated Policy Framework,” Basu S, Boz E, Gopinath G, Roch F, Unsal F. IMF Working Paper 2020/121, International Monetary Fund, Washington, DC; “Integrated Monetary and Financial Policies for Small Open Economies,” Basu S, Boz E, Gopinath G, Roch F, Unsal F. Working Paper, 2020.   Go to ⤴︎
3. Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates,” Mundell R. Canadian Journal of Economics and Political Science 29(4), November 2014, pp. 475–485; “Domestic Financial Policies under Fixed and Under Floating Exchange Rates,” Fleming J. Staff Papers, International Monetary Fund 9(3), November 1962, pp. 369–380.   Go to ⤴︎
4. “The Case for Flexible Exchange Rates,” Friedman M. In Essays in Positive Economics, pp. 157–203. Chicago: University of Chicago Press, 1953.   Go to ⤴︎
5. A Theory of Macroprudential Policies in the Presence of Nominal Rigidities,” Farhi E, Werning I. Econometrica 84(5), September 2016, pp. 1645–1704.   Go to ⤴︎
6. ‘‘The Exchange Rate and the Balance of Payments in the Short Run and in the Long Run: A Monetary Approach,’’ Pentti K. Scandinavian Journal of Economics 78(2), June 1976, pp. 280–304.   Go to ⤴︎
7. International Liquidity and Exchange Rate Dynamics,” Gabaix X, Maggiori M. The Quarterly Journal of Economics 130(3), August 2015, pp. 1369–1420.   Go to ⤴︎
8. Toward an Integrated Policy Framework,” International Monetary Fund Policy Paper, October 2020.     Go to ⤴︎
9. Review of The Institutional View on The Liberalization and Management of Capital Flows,” International Monetary Fund Policy Paper, March 2022.   Go to ⤴︎

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