Chief Economist
The World Bank

Pinelopi “Penny” Koujianou Goldberg is the chief economist of the World Bank Group. In this position, she aims to strengthen the institution’s connection to state-of-the-art academic research and help shape a vision of how to achieve the World Bank Group’s goals of sustainable growth, shared prosperity, and a world free of extreme poverty.

Goldberg brings decades of experience as 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.

She is president-elect of the Econometric Society (for 2021) and has previously served as vice president of the American Economic Association. From 2011 to 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 a board member of the Bureau of Research and Economic Analysis of Development (BREAD).

Goldberg is on public service leave from Yale University, where she is the Elihu Professor of Economics. She holds a Ph.D in economics from Stanford University and a Diploma in economics from the University of Freiburg, Germany.

Areas of Expertise

Industrial Organization

Applied Microeconomics

International Economics

Development