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Step away from the zero lower bound : small open economies in a world of secular stagnation

Corsetti, Giancarlo; Mavroeidi, Eleonora; Thwaites, Gregory - 2017

Persistent link: https://www.econbiz.de/10012171960

Capital controls as a credit policy tool in a small open economy

Kitano, Shigeto; Takaku, Kenya - In: The B.E. journal of macroeconomics 18 (2018) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10011898679

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

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