Gita Gopinath

Fiscal policy should balance growth, equity, and sustainability concerns, including protecting society's most vulnerable.

Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to tackle external imbalances before they become too risky.

In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.

With all the globalisation that has taken place, countries are a lot more interdependent and therefore 'coupled.'

There are limits to how much countries can spend.

It is important for India to stay the course on fiscal consolidation.

Fiscal policy is a very important part of the tool kit for policy makers.

Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.

By promising to intervene in vulnerable markets in the event of excessive financial volatility, the IMF, as the largest player, would reduce coordination problems among investors.

Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

GDP is a function of capital, labour and how productively you use both.