Elihu Professor of Economics, Yale University
Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics at Yale University. She was Chief Economist of the World Bank Group between November 2018 and March 2020. Goldberg is President elect of the Econometric Society (for 2021) and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is a member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences.
Goldberg is an applied microeconomist drawn to policy-relevant questions in trade and development. She has exploited a broad set of methodological approaches -- ranging from estimation of structural industry equilibrium models typical of the Industrial Organization literature to reduced form techniques -- to investigate the determinants and effects of trade policies, trade and inequality, intellectual property rights protection in developing countries, exchange rate passthrough, pricing to market, and international price discrimination.
Her most recent research examines the resurgence of protectionism in the U.S., trade, poverty and inequality, the interplay between informality and trade liberalization in the presence of labor market frictions, and discrimination against women in developing countries.
Goldberg holds a Diplom in Economics from the University of Freiburg, Germany and a Ph.D in Economics from Stanford University.
Recent work by Pinelopi Goldberg
In an era of deglobalisation, developing countries need more equality within their borders
The aggregate annual loss to US consumers from higher import prices as a result of the trade war with China could be as much as $68.8 billion
The World Bank is making a shift from a lending function to a knowledge function. This will amplify the role of researchers in its work.
It is crucial to understand the causes of the rising anti-globalisation sentiment and make changes in developing countries.
How can policymakers adapt to a changing world of development and an uncertain future?
Does trade increase inequality? The answer is nuanced and context-specific, but the solution for policymakers is not protectionism.
Trade leads to improved industry performance and innovation, and a reduction in inefficiencies in developing countries