IMF’s Gopinath rewrites classic open-economy model

Gita Gopinath
Gita Gopinath
IMF/Joshua Roberts

The International Monetary Fund’s Gita Gopinath proposed a redesigned version of the classic model of open-economy macroeconomics in remarks on January 7.

The IMF deputy managing director said the model – originally developed by IMF economists Robert Mundell and Marcus Fleming in the 1960s – was “beautiful” for its simplicity. Partly for this reason, it is still taught to undergraduates today, and tends to be a model that policy-makers use to frame their thinking. Mundell won a Nobel prize for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: