A biography for Gita Gopinathhasn’t been written yet.
“Fiscal policy is a very important part of the tool kit for policy makers.”
“Being born into a Malayali family that followed a matriarchal system, I always felt loved and had a high sense of self-worth.”
“Rather than waiting for a crisis to erupt before intervening, the IMF should provide 'forward guidance' on how it will tackle potential disruptions in international financial markets.”
“There was never a perception that I was second-class relative to boys. That gave me confidence.”
“In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.”
“Across all economies, the imperative is to take actions that boost potential output, improve inclusiveness, and strengthen resilience.”
“An intensification of trade or geopolitical tensions - with negative repercussions for global growth and risk appetite - could affect economies that are highly dependent on foreign demand or external financing.”
“It is important for India to stay the course on fiscal consolidation.”
“By promising to intervene in vulnerable markets in the event of excessive financial volatility, the IMF, as the largest player, would reduce coordination problems among investors.”
“I think GST is a great outcome. There is no ifs and buts about that. It is a transformational event for India.”
“Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.”
“Harvard is famous for being an 'absorbing state' for faculty with almost no one leaving it for another institution, which is why the decision of granting tenure is a life long commitment.”
“Business cycles in emerging markets behave differently from developed markets.”
“Countries with fiscal space should invest in physical and social infrastructure to raise potential growth.”
“There is a need for greater multilateral cooperation to resolve trade conflicts, to address climate change and risks from cybersecurity, and to improve the effectiveness of international taxation.”
“When I was doing my bachelors from Delhi University, India experienced its first major external financing and currency crisis in 1990-91. This inspired me to pursue graduate work in economics and was the foundation for my interest in international finance.”
“Unfortunately, governments do not have a philanthropic approach towards future governments.”
“Portfolio investment, often called 'hot money' because of its volatile nature, can increase the economy's vulnerability to the vagaries of international finance. Foreign direct investment, on the other hand, is far more stable and driven by domestic fundamentals.”
“GDP is a function of capital, labour and how productively you use both.”
“The awareness has increased about the need to increase womenwomen participation in the workplace, but there are no amenities to assure that.”