Now showing items 1-20 of 23

    • Comment on Individual Price Adjustment along the Extensive Margin 

      Gopinath, Gita (University of Chicago Press, 2013)
    • Coordination and Crisis in Monetary Unions 

      Aguiar, Mark; Amador, Manuel; Farhi, Emmanuel; Gopinath, Gita (National Bureau of Economic Research, 2014)
      We characterize fiscal and monetary policy in a monetary union with the potential for rollover crises in sovereign debt markets. Member-country fiscal authorities lack commitment to repay their debt and choose fiscal policy ...
    • Currency Choice and Exchange Rate Pass-through 

      Gopinath, Gita; Itskhoki, Oleg; Rigobon, Roberto (American Economic Association, 2010)
      In the open economy macro literature with nominal rigidities, the currency in which goods are priced has important implications for optimal monetary and exchange rate policy and for exchange rate pass-through. We show, ...
    • Emerging Market Business Cycles: The Cycle is the Trend 

      Aguiar, Mark; Gopinath, Gita (University of Chicago Press, 2007)
      Emerging market business cycles exhibit strongly countercyclical current accounts, consumption volatility that exceeds income volatility, and “sudden stops” in capital inflows. These features contrast with developed small ...
    • Essays in International Finance 

      Du, Wenxin (2014-06-24)
      This dissertation consists of three essays in international finance. The first two essays study emerging market sovereign risk with a focus on local currency denominated sovereign bonds. The third essay examines econometric ...
    • Essays in International Finance and Macroeconomics 

      Schreger, Jesse (2015-04-28)
      The way in which governments borrow has changed dramatically over the last decade. The first two chapters of this dissertation study the implications of the rise of local currency sovereign borrowing in emerging markets. ...
    • Essays in Macroeconometrics 

      Plagborg-Moller, Mikkel (2016-05-17)
      This dissertation consists of three independent chapters on econometric methods for macroeconomic analysis. In the first chapter, I propose to estimate structural impulse response functions from macroeconomic time series ...
    • Essays on Macroeconomic Stabilization 

      Kekre, Rohan (2016-05-18)
      Motivated by policy debates emerging from the U.S. Great Recession and Eurozone crisis, I study the stabilization role of monetary, fiscal, and macroprudential policies in response to short-run fluctuations. In the first ...
    • Essays on Trade and Imperfectly Competitive Markets 

      Fabinger, Michal (2012-09-12)
      This dissertation is a collection of three essays on markets with imperfect competition, with implications for international economics. The first essay presents an analytic solution framework applicable to a wide variety ...
    • Expropriation Dynamics 

      Aguiar, Mark; Amador, Manuel; Gopinath, Gita (American Economic Association, 2009)
    • Fire-Sale Foreign Direct Investment and Liquidity Crises 

      Mark, Aguiar; Gopinath, Gita (MIT Press, 2005)
      In placing capital market imperfections at the center of emerg- ing market crises, the theoretical literature has associated a liquidity crisis with low foreign investment and the exit of investors from the crisis economy. ...
    • Fiscal Devaluations 

      Farhi, Emmanuel; Gopinath, Gita; Itskhoki, Oleg (Oxford University Press (OUP), 2014)
      We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New ...
    • Frequency of Price Adjustment and Pass-through 

      Gopinath, Gita; Itskhoki, Oleg (Oxford University Press (OUP), 2010)
      We empirically document using U.S. import prices that on average goods with a high frequency of price adjustment have a long-run pass-through that is at least twice as high as that of low-frequency adjusters. We show ...
    • In Search of Real Rigidities 

      Gopinath, Gita; Itskhoki, Oleg (University of Chicago Press, 2011)
      The closed and open economy literatures work on estimating real rigidities, but in parallel. We bring the two literatures together to shed light on this question. We use international price data and exchange rate shocks ...
    • The International Price System 

      Gopinath, Gita (2015)
      I define and provide empirical evidence for an “International Price System” in global trade employing data for thirty-five developed and developing countries. This price system is characterized by two features. First, the ...
    • International Prices and Exchange Rates 

      Burstein, Ariel; Gopinath, Gita (Elsevier, 2014)
      We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in the empirical literature we present a simple ...
    • International Prices, Costs, and Markup Differences 

      Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai; Li, Nicholas (American Economic Association, 2011)
      Relative cross-border retail prices, in a common currency, comoves closely with the nominal exchange rate. Using a data set with product level retail prices and wholesale costs for a large grocery chain operating in the ...
    • Investment Cycles and Sovereign Debt Overhang 

      Aguiar, Mark; Amador, Manuel; Gopinath, Gita (The Review of Economic Studies, 2008)
      We characterize optimal taxation of foreign capital and optimal sovereign debt policy in a small open economy where the government cannot commit to policy, seeks to insure a risk averse domestic constituency, and is more ...
    • Lending Booms, Sharp Reversals and Real Exchange Rate Dynamics 

      Gopinath, Gita (Elsevier, 2003)
      Emerging markets in the 1990s experienced periods of booms followed by collapses in gross domestic product, consumption, traded and non-traded sector output and real exchange rate movements alongside unprecedented movements ...
    • Sovereign Debt Booms in Monetary Unions 

      Aguiar, Mark; Amador, Manuel; Farhi, Emmanuel; Gopinath, Gita (American Economic Association, 2014)
      We propose a continuous time model to investigate the impact of inflation credibility on sovereign debt dynamics. At every point in time, an impatient government decides fiscal surplus and inflation, without commitment. ...