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Gita Gopinath

Papers

WORKING PAPERS AND WORK IN PROGRESS

1. "Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises," preliminary October 2012 (with Mark Aguiar, Manuel Amador and Emmanuel Farhi).

2. "International Prices and Exchange Rates," preliminary January 2013 (with Ariel Burstein). Prepared for the Handbook of International Economics, Vol IV.

3. "Fiscal Devaluations," this draft May 2012, first draft December 2011, (with Emmanuel Farhi and Oleg Itskhoki). Revise and Resubmit at the Review of Economic Studies.

4. "Trade Adjustment and Productivity in Large Crises," Dec 2012 (with Brent Neiman). Revise and Resubmit at the American Economic Review.

5. "Price Dynamics for Durable Goods," May 2011 (with Michal Fabinger and Oleg Itskhoki).

6. “Efficient Expropriation: Sustainable Fiscal Policy in a Small Open Economy,” Jan 2006 (with Mark Aguiar and Manuel Amador)

PUBLICATIONS

1. "Trade Prices and the Global Trade Collapse of 2008-09,"November 2011, (with Oleg Itskhoki and Brent Neiman). Forthcoming in IMF Economic Review.

2. “International Prices, Costs and Markup Differences,” (with Pierre-Olivier Gourinchas, Chang-Tai Hsieh and Nicholas Li). American Economic Review, October 2011, 101(6): 2450–86. DOI:10.1257/aer.101.6.2450
Previously circulated under the title "Estimating the Border Effect: Some New Evidence".

3. “In Search of Real Rigidities,” (with Oleg Itskhoki). NBER Macroeconomics Annual, 2010, Volume 25.

4. “Frequency of Price Adjustment and Pass-Through,” (with Oleg Itskhoki).  Quarterly Journal of Economics,  (2010) 125 (2): 675-727. DOI: 10.1162/qjec.2010.125.2.675 (older NBER working paper 14200 version here).

5. “Currency Choice and Exchange Rate Pass-Through,” (with Oleg Itskhoki and Roberto Rigobon), American Economic Review, March 2010, 100(1): 304–336.  DOI:10.1257/aer.100.1.304

6. “Expropriation Dynamics,” (with Mark Aguiar and Manuel Amador), American Economic Review, Papers and Proceedings, May 2009, Volume 99(2).

7. "Investment Cycles and Sovereign Debt Overhang," (with Mark Aguiar and Manuel Amador), Review of Economic Studies, January 2009, Volume 76(1).

8. "Sticky Borders," (with Ro­berto ­Rigobon), Quarterly Journal of Economics, May 2008, Volume 123(2).

9. "Emerging Market Business Cycles: The Cycle is the Trend," (with Mark Aguiar), Journal of Political Economy, February 2007, Volume 115(1) (Matlab code for program and data).

10. "Emerging Market Fluctuations: The Role of Interest Rate and Productivity Shocks," (with Mark Aguiar), November 2006, Prepared for the Tenth Annual Conference on theCentral Bank of Chile, “Current Account and External Financing”, December 2006.

11. "Defaultable Debt, Interest Rates and the Current Account," (with Mark Aguiar), Journal of International Economics, June 2006, Volume 69(1), pp. 64-83 (Matlab code for programs).

12. "Fire-Sale FDI and Liquidity Crises," (with Mark Aguiar) Review of Economics and Statistics, August 2005, Volume 87(3), pp. 439-452.

13. "Lending Booms, Sharp Reversals and Real Exchange Rate Dynamics," Journal of International Economics, January 2004, Volume 62(1), pp. 1-23.
(Winner of the Bhagwati prize for the best paper published in the Journal of International Economics during 2003-2004.

OTHER PUBLICATIONS

14. "International Prices and Exchange Rates," NBER Reporter 2012 Number 2: Research Summary.

15. "Interview on Sovereign Default," Review of Economic Dynamics Newsletter, Volume 13, Issue 1, November 2011. 

16. Review for "Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies," edited by Barry Eichengreen and Ricardo Hausmann, Journal of International Economics, March 2007, Volume 71(1).

17. Review for "Dollar Adjustment: How Far? Against Whom?" edited by C. Fred Bergsten and John Williamson, Journal of Economic Literature, March 2006, Volume 44(1).

18. Comment: "When it Rains It Pours: Procyclical Fiscal Policy and Macroeconomic Policies," by Kaminsky, Reinhart and Vegh, NBER Macroeconomics Annual, 2004, edited by Mark Gertler and Kenneth Rogoff, M.I.T. Press.

19. Comment: "South Korea's Experience with International Capital Flows," by Marcus Nolland, Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, 2005, edited by Sebastian Edwards, University of Chicago Press.­

20. "Workbook for the Foundation of International Economics," with Kenneth Rogofff and Maurice Obstfeld, 1998, M.I.T. Press.

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