A biography for Gita Gopinathhasn’t been written yet.
“If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.”
“Fiscal policy should balance growth, equity, and sustainability concerns, including protecting society's most vulnerable.”
“Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to tackle external imbalances before they become too risky.”
“If you waive loans, it will encourage everyone to opt for more as they think they can get away with it in future.”
“If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.”
“There are limits to how much countries can spend.”