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The possible trinity : optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - 2014
A traditional way of thinking about the exchange rate regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', according to which policymakers can only have two of three possible outcomes: open capital markets, monetary independence and pegged...
Persistent link: https://www.econbiz.de/10010337474
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The possible trinity : optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - 2014
A traditional way of thinking about the exchange rate (XR) regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', in which policymakers can only have 2 of 3 possible outcomes: open capital markets, monetary independence and pegged XRs. This paper...
Persistent link: https://www.econbiz.de/10010370928
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The Possible Trinity: Optimal interest rate,exchange rate, and taxes on capital flows in a DSGE model for a Small Open Economy
Escudé, Guillermo - Banco Central de la República Argentina - 2014
A traditional way of thinking about the exchange rate (XR) regime and capital account openness has been framed in terms of the "impossible trinity" or "trilemma", in which policymakers can only have 2 of 3 possible outcomes: open capital markets, monetary independence and pegged XRs. This paper...
Persistent link: https://www.econbiz.de/10011118576
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The possible trinity: Optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - 2014
A traditional way of thinking about the exchange rate regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', according to which policymakers can only have two of three possible outcomes: open capital markets, monetary independence and pegged...
Persistent link: https://www.econbiz.de/10010335896
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The possible trinity: Optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - In: Economics: The Open-Access, Open-Assessment E-Journal 8 (2014) 2014-25, pp. 1-58
A traditional way of thinking about the exchange rate (XR) regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', in which policymakers can only have 2 of 3 possible outcomes: open capital markets, monetary independence and pegged XRs. This paper...
Persistent link: https://www.econbiz.de/10010378319
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The possible trinity: Optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-58
A traditional way of thinking about the exchange rate (XR) regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', in which policymakers can only have 2 of 3 possible outcomes: open capital markets, monetary independence and pegged XRs. This paper...
Persistent link: https://www.econbiz.de/10010954790
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The possible trinity: Optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - Institut für Weltwirtschaft (IfW) - 2014
A traditional way of thinking about the exchange rate regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', according to which policymakers can only have two of three possible outcomes: open capital markets, monetary independence and pegged...
Persistent link: https://www.econbiz.de/10010956090