Construct · 1 fields · 1 citations

trilemma: a standalone construct

One name. One construct. A landmark on the map.

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International economics

the constraint that a country cannot at once have a fixed exchange rate, free capital mobility and independent monetary policy.

In international economics, trilemma refers to the constraint that a country cannot at once have a fixed exchange rate, free capital mobility and independent monetary policy. This meaning comes from Obstfeld (2005) in Review of Economics and Statistics.[1]

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Nearby constructs

anonymity trilemma1 fields · 1 citationsanchor · a standalone construct capital2 fields · 3 citationsjingle · one word, two constructs diet-environment-health trilemma1 fields · 1 citationsanchor · a standalone construct

References

Obstfeld, M., Shambaugh, J. C., & Taylor, A. M. (2005). The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility. Review of Economics and Statistics, 87(3), 423-438. https://doi.org/10.1162/0034653054638300

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