Pinelopi Koujianou Goldberg


I am the Elihu Professor of Economics at Yale University, currently on public service leave.


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 World Development Report 2020


v Research

§  Working Papers

§  Selected Publications


v Other (non-academic) Writings


v Selected Blog Posts





Department of Economics

Yale University                                                       

37 Hillhouse Ave.

P.O. Box 208264

New Haven, CT 06520-8264


Telephone: (203) 432-3547



For AER-related matters please use:


Administrative Assistant: Lindsay Young

Telephone: (203) 432-3612







Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics at Yale University. She is currently on public service leave from Yale, as she was acting as 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 both the National Academy of Sciences and the American Academy of Arts and Sciences, a recipient of 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), Distinguished Fellow of the Centre for Economic Policy Research (CEPR), 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 study 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 legal discrimination against women.


For long version click here.






Read the World Bank’s World Development Report 2020 that I supervised: "Trading for Development in the Age of Global Value Chains"


For a non-technical introduction to Global Value Chains, click here:







Working Papers and Work in Progress


·       Gendered Laws and Women in the Workforce, with Marie Hyland and Simeon Djankov, forthcoming in American Economic Review: Insights, Apr. 2020.


·       Income Distribution, International Integration and Sustained Poverty Reduction, with Tristan Reed, Mar. 2020.


·       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)


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



Selected Publications


·       The Return to Protectionism, with Pablo Fajgelbaum, Amit Khandelwal, and Patrick Kennedy. First draft: Sept. 2018. Current draft: Oct. 2019, forthcoming in The Quarterly Journal of Economics, Feb. 2020, Lead Article and Editor’s Choice


v  Non-technical Summary in VoxEU

v  Update incl. 2019 Tariff Waves

v  Slides

v  Other Coverage: LA Times, Economist 2019.04, Economist 2019.05, Trade Talks Podcast


·       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




Other (non-academic) Writings


·       A Silent Hero of the Coronavirus Crisis, Project Syndicate, March 17, 2020.


·       Free trade is under fire but we must fight for its preservation, Financial Times, September 23, 2019.


·       The Future of Trade,  IMF, Finance & Development, June 2019, Vol. 56, No. 2.                


·       What next for global trade? Project Syndicate, January 10, 2019.


Selected Blog Posts


·       The 2019 Nobel: remembering the world’s poor. October 2019


·       Reflecting on Vietnam’s success and challenges. September 2019


·       Rediscovering Krugman. September 2019


·       Is inclusive growth an oxymoron? May 2019


·       Moonshot Africa and jobs. March 2019


·       Why we need a research department. March 2019


·       To the Data Day skeptics. February 2019


·       Holiday reading. December 2018.\


·       Of firms and profits. December 2018.