Dr. Gita Gopinath


Suggested Readings

Professor Gita Gopinath’s lectures will cover two broad topics in international macroeconomics. The first will cover nonneutrality of exchange rates and its implications for monetary policy and monetary unions. The second will cover advances in the theoretical literature and the interactions between sovereign debt and monetary policy. References for these lectures are provided below-

Topic I: International Prices and Exchange Rates

Burstein, Ariel and Gita Gopinath. "International Prices and Exchange Rates." Handbook of International Economics, Volume 4. Edited by Gita Gopinath, Elhanan Helpman, Kenneth Rogoff, pp. 1-740. Amsterdam: Elsevier (2015).

Gopinath, Gita. "The International Price System."NBER Working Paper No. 21646 (October 2015).

Farhi, Emmanuel, Gita Gopinath, and Oleg Itskhoki. "Fiscal Devaluations." Review of Economic Studies 81 (2014).

Galí, Jordi, and Tommaso Monacelli. "Monetary Policy and the Open Economy," Chapter 8 in Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications, 2nd edition, by Jordi Galí. pp. 223-260. Princeton University Press (2015). [Earlier version published as "Monetary Policy and Exchange Rate Volatility in a Small Open Economy" in The Review of Economic Studies Vol. 72, No. 3 (July 2005).

Camila, Casas, Federico Diez, Gita Gopinath and Pierre-Olivier Gourinchas. “Dominant Currency Paradigm,” working paper (December 2016).


Topic 2: Sovereign Debt, Debt Crises

Aguiar, Mark, and Manuel Amador. "Sovereign Debt." Handbook of International Economics, Volume 4. Edited by Gita Gopinath, Elhanan Helpman, Kenneth Rogoff, Amsterdam: Elsevier (2015).

Aguiar, Mark, Manuel Amador, Emmanuel Farhi, and Gita Gopinath, "Coordination and Crisis in Monetary Unions." The Quarterly Journal of Economics 130 (4) (2015).

Aguiar, Mark, and Gita Gopinath. "Defaultable Debt, Interest Rates and the Current Account." Journal of International Economics 69 (1) (June 2006).

Calvo, Guillermo A. "Servicing the Public Debt: The Role of Expectations." American Economic Review 78 (4) (September 1988)

Reinhart, Carmen M., and Kenneth Rogoff. "From Financial Crash to Debt Crisis." American Economic Review 101 (August 2011)