We present a theoretical framework for policy making based on the "impossible trinity" or the "trilemma" hypothesis. A … the joint determination of the triad open macroeconomic policies based on the trilemma hypothesis. Specifically, we … estimate the three policy indexes under the trilemma constraint that they must add up to a constant. By applying the seemingly …

A 'moderately prosperous society' with no Chinese individual left behind - that's the vision for China set out by … a country with more billionaires (609 at last count) than the US. But the 'China Story' is a complex one. The China … presents a range of perspectives, from the global to the individual, the official to the unofficial, from mainland China to …