Quotes from Gita Gopinath

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

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

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.

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.

I am a trained economist.

I think about issues. I use my economic training to devise solutions.

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.

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.

Skilling is one area where some researchers are looking at outcomes and finding that while there are lots of people who are joining and completing skilling programmes, it is not getting fully translated into getting and keeping jobs. We need to understand how to fix this problem. The returns to having high quality skills are very high.

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

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.

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

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.

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.

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

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

One of the strengths of the U.S. economy is its ability to most efficiently employ resources both domestically and from around the world and outsourcing is one such example of this.

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

There are limits to how much countries can spend.

If you waive loans, it will encourage everyone to opt for more as they think they can get away with it in future.