Subbarao, Duvvuri - In: Macroeconomics and Finance in Emerging Market Economies 5 (2012) 2, pp. 246-259
Managing price stability, financial stability, and sovereign debt sustainability is a new trilemma that has emerged after the global crisis for central banks. In managing the new trilemma, central banks would face some policy relevant questions: Is there a return of fiscal dominance of monetary...