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India-born Gita Gopinath will be IMF’s first woman chief economist

On October 3, 2018, India-born Gita Gopinath was appointed as the Chief Economist of the International Monetary Fund (IMF), becoming the first woman to hold the position.

Gita would be taking charge at the end of 2018, upon the retirement of the current Chief Economist Maurice Obstfeld. She will be assuming the post of director and  economic counselor of the  IMF’s Research Department.

 “Gita Gopinath is one of the world’s finest economists with a proven track record of intellectual leadership, outstanding academic credential and widespread international experience” Said Christine Legarde, Managing Director of IMF, upon Gopinath’s appointment.

Importance

Gita Gopinath is 2nd Indian to hold such position after former RBI Governor Raghuram Rajan.

Who is Gopinath ?

  • Gopinath is a US citizen and an Overseas Citizen Of India, born in 1971 Kolkata, India,
  • Her alma mater are some of the best schools in India, such as Delhi University’s Lady Shri Ram College, from where she completed her graduation and Delhi School of Economics, where he completed double master’s degree and the University of Washington.
  • She acquired her PhD in economics from Princeton University in 2001 and went on to become assistant professor in the University of Chicago, from where she moved to Harvard in 2005.
  • At present, The Indian-American economist Gita Gopinath is the John Zwaanstra Professor of International Studies and Economics at Harvard University (Source: Wikipedia).
  • As far as the history of Harvard concerned, she become the 3rd woman to become a permanent member of its prestigious economics department and 2nd Indian since the 1st Indian permanent member of Harvard Economics dept. and Nobel laureate Amrtya Sen.
  • Gopinath is the co-director of the International Finance and Macroeconomics Program at the National Bureau of Economic Research and the co-editor of the American Economic Review.
  • With the former IMF Economic Counsellor Kenneth Rogoff, she is the co-editor of the current Handbook of International Economics
  • She has be credited as the author of around 40 research articles on trade and investment, exchange rates, monetary policy, international financial crises, debt and emerging market crises.

In the IMF’s announcement in 2014, she was considered as the as one of the top 25 economists under the age of 45 and was selected as debt and emerging market crises.

Posted in: Current Affair 2018

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