The News Circle – 10/3/18

Gita Gopinath first-ever woman to be named IMF Chief Economist.

(News Credit : Wall Street Journal)


The International Monetary Fund appointed Harvard University’s Gita Gopinath as its new chief economist.

Ms. Gopinath, one of the leading scholars in exchange rates, sovereign debt and capital flows, will be the first woman to lead the IMF’s economic research department. She will take over from Maurice Obstfeld, who had previously announced his retirement.

“Gita is one of the world’s outstanding economists, with impeccable academic credentials, a proven track record of intellectual leadership, and extensive international experience,” IMF managing director Christine Lagarde said. “All this makes her exceptionally well-placed to lead our Research Department at this important juncture.”

Ms. Gopinath, 46 years old, has emerged as one of the leading thinkers on the global financial system, presenting her research at the Fed’s Jackson Hole, Wyo., symposium and working as co-editor of the American Economic Review, one of the most prestigious journals in the field of economics. The IMF said she has written 40 research papers on exchange rates, trade and investment, international financial crises, monetary policy, debt, and emerging-market crises.

Ms. Gopinath was born in India. She received her B.A. from the University of Delhi and her Ph.D. from Princeton University, where her thesis advisers included economic luminaries Ben Bernanke before he became Federal Reserve chairman and Kenneth Rogoff, who was the IMF’s chief economist from 2001 to 2003.

In a 2016 interview with the Minneapolis Fed, Mr. Bernanke described Ms. Gopinath as “one of the strongest and most promising students I ever worked with.”

She has been a professor at Harvard since 2005. She is a U.S. citizen and overseas citizen of India, the IMF said.


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