Gita Gopinath

About

Gita Gopinath is the Gregory and Ania Coffey Professor of Economics in the Department of Economics at Harvard University, and Professor of Public Policy at Harvard Kennedy School. Her research focuses on International Finance and Macroeconomics where she is a leading voice on dollar dominance, exchange rates, trade and investment, international financial crises, monetary policy and debt.

Research topics

• Economics
• Monetary economics
• International economics
• Business
• Finance

Selected publications

• Dominant Currency Paradigm

  American Economic Review · 2020 · 563 citations

  1st authorCorresponding

  We propose a “dominant currency paradigm” with three key features: dominant currency pricing, pricing complementarities, and imported inputs in production. We test this paradigm using a new dataset of bilateral price and volume indices for more than 2,500 country pairs that covers 91 percent of world trade, as well as detailed firm-product-country data for Colombian exports and imports. In strong support of the paradigm we find that (i) noncommodities terms-of-trade are uncorrelated with exchang…

  DOI

• Tariff Pass-Through at the Border and at the Store: Evidence from US Trade Policy

  American Economic Review Insights · 2021-02-26 · 283 citations

  article

  We use microdata collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff pass-through is much higher than exchange rate pass-through. Chinese exporters did not lower their dollar prices by much, despite the recent appreciation of the dollar. By contrast, US exporters significantly lowered prices affected by foreign retaliatory tariffs. In US stores, the price impact is more limited, sugg…

  PublisherDOI

• Banking, Trade, and the Making of a Dominant Currency

  The Quarterly Journal of Economics · 2020 · 283 citations

  1st authorCorresponding

  Abstract We explore the interplay between trade-invoicing patterns and the pricing of safe assets in different currencies. Our theory highlights the following points: (i) a currency’s role as a unit of account for invoicing decisions is complementary to its role as a safe store of value; (ii) this complementarity can lead to the emergence of a single dominant currency in trade invoicing and global banking, even when multiple large candidate countries share similar economic fundamentals; (iii) fi…

  DOI

• Monetary Policy Cyclicality in Emerging Economies

  SSRN Electronic Journal · 2022-01-01 · 30 citations

  articleOpen access
  PublisherDOI

• Dominant Currency Paradigm: a review

  Handbook of international economics · 2022-01-01 · 26 citations

  review1st authorCorresponding
  PublisherDOI

Recent grants

• Trade Adjustment in Large Crises

  NSF · $400k · 2011–2017

Frequent coauthors

• Pierre‐Olivier Gourinchas

  94 shared

• Camila Casas

  International Monetary Fund

  72 shared

• Emine Boz

  International Monetary Fund

  70 shared

• Federico J. Díez

  University of Edinburgh

  66 shared

• Mikkel Plagborg‐Møller

  Princeton University

  61 shared

• Oleg Itskhoki

  University of California, Los Angeles

  54 shared

• Mark Aguiar

  46 shared

• Brent Neiman

  Center for Economic and Policy Research

  38 shared

Similar researchers at Harvard University

• Andrei Shleiferh-200
• Alberto Alesinah-161
• John Y. Campbellh-132