Keynes and Bown speak with incoming World Bank Chief Economist Penny Goldberg (Yale University) about her research on how trade liberalization affects consumers and firms when firms have market power. They discuss the impact that India’s early 1990s tariff cuts—to both outputs and imported inputs—had on the profits and markups of domestic firms and the puzzle behind why consumer prices fell relatively little.
- Jan De Loecker, Penny Goldberg, Amit Khandelwal and Nina Pavcnik. 2016. Prices, Markups and Trade Reform. Econometrica.
- Jan De Loecker, Penny Goldberg, Amit Khandelwal and Nina Pavcnik. 2016. Prices, Markups and Trade Reform: Non-technical summary, Microeconomic Insights, February.
- Penny Goldberg, Amit Khandelwal, Nina Pavcnik and Petia Topalova. 2010. Imported Intermediate Inputs and Domestic Product Growth: Evidence from India, Quarterly Journal of Economics.
- Penny Goldberg and Nina Pavcnik. 2016. The Effects of Trade Policy. in Handbook of Commercial Policy, edited by Kyle Bagwell and Robert W. Staiger.