In this paper, we empirically investigate the Mundell-Fleming theoretical concept of an “impossible trinity” (trilemma … exchange rate stability. Our analysis continues by exploring the implications of changes in the trilemma indices for inflation … in a regression in which we find that trilemma indices have certain impact on inflation. Finally by introducing …

We study the trilemma conguration of the Turkish economy for the period between 2002 and 2012. The paper starts by … empirically testing the Mundell-Fleming theoretical concept of an \impossible trinity" (trilemma) for Turkey, following Aizenman …, Chinn and Ito (ACI, 2008). This includes calculating the trilemma indices and regressing them on a constant. We show that …

powerful "trilemma" hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its … patterns in recent decades. We find that the three dimensions of the trilemma configurations are converging towards a "middle …

of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy … have adopted trilemma policy combinations with the least degree of relative policy divergence in the last 15 years. We find …

powerful “trilemma” hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its … patterns in recent decades. We find that the three dimensions of the trilemma configurations are converging toward a “middle …

, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in an era of widespread … globalization. In this paper we overview and contrast the Trilemma policy choices and tradeoffs faced by the two key drivers of … global economic growth-China and India. China’s Trilemma configurations are unique relative to other emerging markets in the …