"What are the macroeconomic implications of most countries engaging in dollar invoicing?"
Join the IMF's new Chief Economist, Gita Gopinath, as she discusses the macroeconomic spillovers of most open economies invoicing their imports in dollars, given Keynesian assumptions of sticky prices and nominal rigidity. Within her discussion are also incorporated pressing debates regarding the future of macroeconomics, as well as a condensed lesson on the theory and principles of Keynesian Open Economy Macroeconomics.
The purpose of the DEC Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The DEC Lecture Series is chaired by Shanta Devarajan, Acting WBG Chief Economist and Senior Director, Development Economics, and includes a presentation and floor discussion.