Pinelopi Koujianou Goldberg


I am the Elihu Professor of Economics at Yale University. I am currently on public service leave as I am serving as the Chief Economist of the World Bank Group.


From 2007 to 2017, I was either coeditor or editor-in-chief of the American Economic Review. For AER-related matters please email:


v Contact Information


v Biography

o   Short Version

o   Long Version


v Curriculum Vitae


v Research

§  Working Papers

§  Recent Publications






Department of Economics

Yale University                                                       

37 Hillhouse Ave.

P.O. Box 208264

New Haven, CT 06520-8264


Telephone: (203) 432-3547

Fax:            (203) 432-6323



For AER-related matters please use:


Administrative Assistant: Brooke Williams

Telephone: (203) 432-3560







Pinelopi “Penny” Koujianou Goldberg is the Elihu Professor of Economics at Yale University. She is currently on public service leave from Yale while acting as Chief Economist of the World Bank Group. 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 both the National Academy of Sciences and the American Academy of Arts and Sciences, a recipient of both Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a research associate at the National Bureau of Economics Research (NBER – currently on leave) and board member of the Bureau of Research and Economic Analysis of Development (BREAD). She holds a Ph.D in Economics from Stanford University and a Diplom in Economics from the University of Freiburg, Germany.


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 provide insights into such diverse topics as 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., and the interplay between informality and trade liberalization in the presence of labor market frictions, specifically the role that informal markets in developing countries play in smoothing transitions to a more open economic environment when labor markets are highly regulated. Since joining the World Bank, she has been involved in the Bank’s efforts to improve the measurement of human capital in developing countries.


For long version click here.







Working Papers and Work in Progress


·       Measuring Human Capital, with Noam Angrist, Simeon Djankov and Harry A. Patrinos, Policy Research Working Paper Series 8742, The World Bank, 2019.


·       Trade and Informality in the Presence of Labor Market Frictions and Regulations, with Rafael Dix-Carneiro, Costas Meghir and Gabriel Ulyssea, Mar. 2019, (NSF Award #1629124)


·       The Return to Protectionism, with Pablo Fajgelbaum, Amit Khandelwal, and Patrick Kennedy. First draft: Sept. 2018. Current draft: Mar. 2019.


v  Non-technical Summary from VoxEU


·       How Rigid are Producer Prices?, with Rebecca Hellerstein, Sept. 2011.



Recent Publications


·       The Effects of Trade Policy, with Nina Pavcnik, prepared for the Handbook of Commercial Policy, edited by K. Bagwell and R. Staiger, 1st Edition, Vol. 1A, Chapter 3, 2016.


·       Prices, Markups and Trade Reform, with Jan De Loecker, Amit Khandelwal and Nina Pavcnik, Econometrica, Vol.84, 2, March 2016, pp. 445-510.


      Non-technical summary in Microeconomic Insights February 1, 2016:


·       Introduction to book on “Trade and Inequality”, edited by P. K. Goldberg, Edward Elgar Research Collections, May 2015.


·       Firm Performance in a Global Market, with Jan De Loecker, The Annual Review of Economics, Vol. 6, Aug. 2014, pp. 201-227.


·       A Structural Approach to Identifying the Sources of Local-Currency Price Stability, with Rebecca Hellerstein, Review of Economic Studies, Jan. 2013, 80(1), pp. 175-210.


·       Imported Intermediate Inputs and Domestic Product Growth: Evidence from India, with A. Khandelwal, N. Pavcnik and P. Topalova, Quarterly Journal of Economics, 125(4), 2010, pp. 1727-67.


·       Intellectual Property Rights Protection in Developing Countries: The Case of Pharmaceuticals, Journal of the European Economic Association, Volume 8, April-May 2010, pp. 326-53.


      This is the published version of my Alfred Marshall Lecture delivered at the European Congress in Barcelona, August 2009.


·       Multi-product Firms and Product Turnover in the Developing World: Evidence from India, with A. Khandelwal, N. Pavcnik and P. Topalova, Review of Economics and Statistics, 92(4), 2010, pp. 10421049.


This paper is a shorter version of a paper that was circulated earlier and is now available as NBER Working Paper No. 14127. For more details on the data and estimation, you can also read the Web Appendix to this paper: Web Appendix


·       Trade Liberalization and New Imported Inputs, with A. Khandelwal, N. Pavcnik and P. Topalova, American Economic Review, May 2009, pp. 494-50.

·       A Structural Approach to Explaining Incomplete Exchange Rate  Pass-through and Pricing-To-Market, with R. Hellerstein, American Economic Review, May 2008, pp. 423-29. Pre-publication version can be read here: Passthrough_Short


·       Distributional Effects of Globalization in Developing Countries, with N. Pavcnik, Journal of Economic Literature, March 2007, 45(1), pp. 39-82.


·       Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India, with S. Chaudhuri and P. Jia, American Economic Review, Dec. 2006.


o   For the data and code used in this paper click here