Top 35 Gita Gopinath Quotes

Fiscal policy is a very important part of the tool kit for policy makers.

I am purely a technocrat and I reject all ideological labels.

Being born a girl in India, it matters a lot what family you are born into.

With all the globalisation that has taken place, countries are a lot more interdependent and therefore ‘coupled.’

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.

Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.

There are limits to how much countries can spend.

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

The awareness has increased about the need to increase womenwomen participation in the workplace, but there are no amenities to assure that.

Business cycles in emerging markets behave differently from developed markets.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

I think GST is a great outcome. There is no ifs and buts about that. It is a transformational event for India.

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.

Being born into a Malayali family that followed a matriarchal system, I always felt loved and had a high sense of self-worth.

Countries with fiscal space should invest in physical and social infrastructure to raise potential growth.

Unfortunately, governments do not have a philanthropic approach towards future governments.

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.

We need to realise that entrepreneurship is not necessarily increasing employment.

Across all economies, the imperative is to take actions that boost potential output, improve inclusiveness, and strengthen resilience.

I don’t attach any labels to myself and if I can be of any help to Kerala in terms of thinking about some of the economic issues there, provide my input which can be taken or discarded, I thought that would be a good thing to do.

It is important for India to stay the course on fiscal consolidation.

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.

I am a trained economist.

The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

To help resolve conflicts, the rules-based multilateral trading system should be strengthened and modernized to encompass areas such as digital services, subsidies, and technology transfer.

Recapitalization has helped in many parts of the world.

The term neo-liberal does not have a good definition. It’s mostly used when you are angry with somebody or dislike someone, you call them a neo-liberal. Because otherwise, there is no concrete definition to the term.

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

There was never a perception that I was second-class relative to boys. That gave me confidence.

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.

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.

Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.

GDP is a function of capital, labour and how productively you use both.

I guess I am politically very naive.

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.