# Publications Sort & Filters close ## Filters Year of Publication expand\_more 2025 (4) 2024 (2) 2022 (4) 2021 (2) 2020 (3) 2019 (2) 2018 (2) 2017 (5) 2016 (2) 2015 (1) 2014 (5) 2013 (2) 2012 (1) 2011 (4) 2010 (2) 2009 (2) 2008 (1) 2007 (3) 2006 (4) 2005 (2) 2004 (1) 1998 (1) Search Within Results Search Within Results search ## 56 results Show filters filter\_alt Sort by Year of PublicationAlphabetical A-Z sort ## 56 results Download 56 citations download- [BibTeX](/node/665481/export?format=bibtex) - [EndNote X3 XML](/node/665481/export?format=endnote8) - [EndNote 7 XML](/node/665481/export?format=endnote7) - [Endnote tagged](/node/665481/export?format=tagged) - [Marc](/node/665481/export?format=marc) - [PubMedId](/node/665481/export?format=pubmed_id) - [RIS](/node/665481/export?format=ris) ### Working Paper Boz, Emine, Gita Gopinath, and Mikkel Plagborg-Moller. 2017. “[Global Trade and the Dollar](/publications/global-trade-and-dollar).” Boz, Emine, Gita Gopinath, and Mikkel Plagborg-Moller. 2017. “[Global Trade and the Dollar](/publications/global-trade-and-dollar).” - [ descriptionPublisher's Version](http://www.nber.org/digest/feb18/w23988.shtml) - [ picture\_as\_pdfglobal\_trade\_dollar\_20180...](/sites/g/files/omnuum5916/files/gopinath/files/global_trade_dollar_20180331.pdf) - [ descriptionPublisher's Version](http://www.nber.org/digest/feb18/w23988.shtml) - [ picture\_as\_pdfglobal\_trade\_dollar\_20180...](/sites/g/files/omnuum5916/files/gopinath/files/global_trade_dollar_20180331.pdf) Basu, Suman, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz Unsal. 2020. “[A Conceptual Model for the Integrated Policy Framework](https://www.imf.org/en/Publications/WP/Issues/2020/07/07/A-Conceptual-Model-for-the-Integrated-Policy-Framework-49558).” Basu, Suman, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz Unsal. 2020. “[A Conceptual Model for the Integrated Policy Framework](https://www.imf.org/en/Publications/WP/Issues/2020/07/07/A-Conceptual-Model-for-the-Integrated-Policy-Framework-49558).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfA Conceptual Model for th...](/sites/g/files/omnuum5916/files/2025-08/wpiea2020121-print-pdf.pdf) In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework abstracts from many real world imperfections, and countries often resort to unconventional policies to... - [ picture\_as\_pdfA Conceptual Model for th...](/sites/g/files/omnuum5916/files/2025-08/wpiea2020121-print-pdf.pdf) Das, Mitali, Gita Gopinath, and Sebnem Kalemli-Ozcan. 2022. “[Preemptive Policies and Risk-Off Shocks in Emerging Markets](https://sebnemkalemliozcan.com/assets/workingpapers/UIPpaper_sep7_GG.pdf).” Das, Mitali, Gita Gopinath, and Sebnem Kalemli-Ozcan. 2022. “[Preemptive Policies and Risk-Off Shocks in Emerging Markets](https://sebnemkalemliozcan.com/assets/workingpapers/UIPpaper_sep7_GG.pdf).” - add\_circle do\_not\_disturb\_on Abstract We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries’ (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during... Agarwal, Ruchir, Gita Gopinath, Jeremy Farrar, Richard Hatchett, and Peter Sands. 2022. “[A Global Strategy to Manage the Long-Term Risks of COVID-19](https://www.imf.org/en/Publications/WP/Issues/2022/04/04/A-Global-Strategy-to-Manage-the-Long-Term-Risks-of-COVID-19-516079)”. *IMF*, no. 068: 26. Agarwal, Ruchir, Gita Gopinath, Jeremy Farrar, Richard Hatchett, and Peter Sands. 2022. “[A Global Strategy to Manage the Long-Term Risks of COVID-19](https://www.imf.org/en/Publications/WP/Issues/2022/04/04/A-Global-Strategy-to-Manage-the-Long-Term-Risks-of-COVID-19-516079)”. *IMF*, no. 068: 26. - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfA Global Strategy to Mana...](/sites/g/files/omnuum5916/files/2025-08/A%20Global%20Strategy%20to%20Manage%20the%20Long-Term%20Risks%20of%20COVID-19.pdf) The pandemic is not over, and the health and economic losses continue to grow. It is now evident that COVID-19 will be with us for the long term, and there are very different scenarios for how it could evolve, from a mild endemic scenario to a dangerous... - [ picture\_as\_pdfA Global Strategy to Mana...](/sites/g/files/omnuum5916/files/2025-08/A%20Global%20Strategy%20to%20Manage%20the%20Long-Term%20Risks%20of%20COVID-19.pdf) Basu, Susan S, and Gita Gopinath. 2024. “[An Integrated Policy Framework (IPF) Diagram for International Economics](https://www.imf.org/en/Publications/WP/Issues/2024/02/23/An-Integrated-Policy-Framework-IPF-Diagram-for-International-Economics-545125)”. *IMF*, no. 038. Basu, Susan S, and Gita Gopinath. 2024. “[An Integrated Policy Framework (IPF) Diagram for International Economics](https://www.imf.org/en/Publications/WP/Issues/2024/02/23/An-Integrated-Policy-Framework-IPF-Diagram-for-International-Economics-545125)”. *IMF*, no. 038. - add\_circle do\_not\_disturb\_on Abstract The Mundell-Fleming IS-LM approach has guided generations of economists over the past 60 years. But countries have experienced new problems, the international finance literature has advanced, and the composition of the global economy has changed, so the... De Leo, Pierre, Gita Gopinath, and Sebnem Kalemli-Ozcan. 2024. “[Monetary Policy and the Short-Rate Disconnect in Emerging Economies](https://drive.google.com/file/d/1pL2ju8yYC6X8gfRqZJhC0Ng6ATNpwoWY/view?usp=sharing).” De Leo, Pierre, Gita Gopinath, and Sebnem Kalemli-Ozcan. 2024. “[Monetary Policy and the Short-Rate Disconnect in Emerging Economies](https://drive.google.com/file/d/1pL2ju8yYC6X8gfRqZJhC0Ng6ATNpwoWY/view?usp=sharing).” - add\_circle do\_not\_disturb\_on Abstract We find that central banks in emerging economies with floating exchange rates follow the Taylor-rule and lower policy rates during economic slowdowns, indicating a counter-cyclical monetary policy stance. However, unlike in advanced economies, short-term... Gopinath, Gita, and Brent Neiman. 2025. “[The Incidence of Tariffs: Rates and Reality](/publication/incidence-tariffs-rates-and-reality-0).” Gopinath, Gita, and Brent Neiman. 2025. “[The Incidence of Tariffs: Rates and Reality](/publication/incidence-tariffs-rates-and-reality-0).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfGN\_JEP (4).pdf](/sites/g/files/omnuum5916/files/2026-01/GN_JEP%20%284%29.pdf) In 2025, statutory tariff rates on U.S. imports rose to levels not seen in over one hundred years. What are the implications for prices? On the one hand, shipping lags, exemptions, and enforcement gaps have kept the actual implemented rates at only half of... - [ picture\_as\_pdfGN\_JEP (4).pdf](/sites/g/files/omnuum5916/files/2026-01/GN_JEP%20%284%29.pdf) ### Forthcoming Das, Mitali, Gita Gopinath, Helene Hall, Taehoon Kim, and Jeremy Stein. n.d. “[Central Banks As Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings](https://stein.scholars.harvard.edu/publication/central-banks-dollar-lenders-last-resort-implications-regulation-and-reserve-holdings)”. *American Economic Journal: Macroeconomics*. Das, Mitali, Gita Gopinath, Helene Hall, Taehoon Kim, and Jeremy Stein. n.d. “[Central Banks As Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings](https://stein.scholars.harvard.edu/publication/central-banks-dollar-lenders-last-resort-implications-regulation-and-reserve-holdings)”. *American Economic Journal: Macroeconomics*. - add\_circle do\_not\_disturb\_on Abstract This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We begin by documenting that, in a panel of 56 countries... ### 2025 Basu, Susan S, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz D Unsal. (November) 2025. “[Integrated Monetary and Financial Policies for Small Open Economies](https://www.dropbox.com/scl/fi/3ceck83uypcjfhb7heb5i/IPF_final.pdf?rlkey=70k70lhjv46rwd4osh0jvr6fz&e=1&st=7xketrm8&dl=0)”. *Econometrica* 93. Basu, Susan S, Emine Boz, Gita Gopinath, Francisco Roch, and Filiz D Unsal. (November) 2025. “[Integrated Monetary and Financial Policies for Small Open Economies](https://www.dropbox.com/scl/fi/3ceck83uypcjfhb7heb5i/IPF_final.pdf?rlkey=70k70lhjv46rwd4osh0jvr6fz&e=1&st=7xketrm8&dl=0)”. *Econometrica* 93. - add\_circle do\_not\_disturb\_on Abstract - [Published version](https://www.econometricsociety.org/publications/econometrica/2025/11/01/Integrated-Monetary-and-Financial-Policies-for-Small-Open-Economies) We develop a tractable small-open-economy framework to characterize the constrained efficient use of the monetary policy rate, foreign exchange (FX) intervention, capital controls, and domestic macroprudential measures. The model features dominant... - [Published version](https://www.econometricsociety.org/publications/econometrica/2025/11/01/Integrated-Monetary-and-Financial-Policies-for-Small-Open-Economies) Gopinath, Gita, Josefin Meyer, Christoph Trebesch, and Carmen Reinhart. (May) 2025. “[Sovereign Vs. Corporate Debt and Default: More Similar Than You Think](https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/sovereign-vs-corporate-debt-and-default-more-similar-you-think)”. *Journal of International Economics* 155. Gopinath, Gita, Josefin Meyer, Christoph Trebesch, and Carmen Reinhart. (May) 2025. “[Sovereign Vs. Corporate Debt and Default: More Similar Than You Think](https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/sovereign-vs-corporate-debt-and-default-more-similar-you-think)”. *Journal of International Economics* 155. - add\_circle do\_not\_disturb\_on Abstract Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes... Gopinath, Gita, Pierre-Olivier Gourinchas, Andrea F Presbitero, and Petia Topalova. (January) 2025. “[Changing Global Linkages: A New Cold War?](https://www.sciencedirect.com/science/article/abs/pii/S0022199624001697)”. *Journal of International Economics* 153. doi:https://doi.org/10.5089/9798400272745.001. Gopinath, Gita, Pierre-Olivier Gourinchas, Andrea F Presbitero, and Petia Topalova. (January) 2025. “[Changing Global Linkages: A New Cold War?](https://www.sciencedirect.com/science/article/abs/pii/S0022199624001697)”. *Journal of International Economics* 153. doi:https://doi.org/10.5089/9798400272745.001. - add\_circle do\_not\_disturb\_on Abstract Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain resilience and national security. Using granular bilateral data, we provide new evidence of trade and investment fragmentation... ### 2022 Agarwal, Ruchir, and Gita Gopinath. (December) 2022. “[Seven Finance and Trade Lessons from Covid-19 for Future Pandemics](/publication/seven-finance-and-trade-lessons-covid-19-future-pandemics)”. *Oxford Review of Economic Policy* 38 (4). doi:https://doi.org/10.1093/oxrep/grac031. Agarwal, Ruchir, and Gita Gopinath. (December) 2022. “[Seven Finance and Trade Lessons from Covid-19 for Future Pandemics](/publication/seven-finance-and-trade-lessons-covid-19-future-pandemics)”. *Oxford Review of Economic Policy* 38 (4). doi:https://doi.org/10.1093/oxrep/grac031. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://academic.oup.com/oxrep/article/38/4/876/6896152?login=true) Pandemics and epidemics pose systemic risks to lives, societies, and to global economic security—and their frequency is expected to increase as rising trade and increased human interaction with animals leads to the emergence of new diseases. The Covid-19... - [ descriptionPublisher's Version](https://academic.oup.com/oxrep/article/38/4/876/6896152?login=true) - Previous page chevron\_left - [1](?page=0 "Current page") - [2](?page=1 "Go to page 2") - [3](?page=2 "Go to page 3") - [ Last page 5 ](?page=4 "Go to last page") - [ Next page chevron\_right ](?page=1 "Go to next page")