Pierre-Olivier Gourinchas

Pierre-Olivier Gourinchas grew up in France where he attended Ecole Polytechnique. He received his PhD in 1996 from MIT and taught at Stanford Graduate School of Business and Princeton University before joining UC Berkeley department of economics.

Professor Gourinchas' main research interests are in international macroeconomics and finance. His recent research focuses on the importance of the valuation channel for the dynamics of external adjustment and the determination of exchange rates (with Hélène Rey); on the determinants of capital flows to and from developing countries (with Olivier Jeanne); on international portfolios (with Nicolas Coeurdacier); and on global imbalances (with Ricardo Caballero and Emmanuel Farhi).

What's New?

Winner of the 2007 Bernácer Prize for best European economist working in macroeconomics and finance under the age of 40.
Winner of the 2008 Prix du Meilleur Jeune Economiste for best French economist under the age of 40.

When Bonds Matter: Home Bias in Goods and Assets, June 2008, with Nicolas Coeurdacier
Capital Flows to Developing Countries: The Allocation Puzzle, March 2008, with Olivier Jeanne
An Equilibrium Model of 'Global Imbalances' and Low Interest Rates, American Economic Review, March 2008, with Ricardo Caballero and Emmanuel Farhi.
International Financial Adjustment, Journal of Political Economy, August 2007, with Hélène Rey.