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Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy

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NBER2013-09-01 更新2025-01-04 收录
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A central result in international macroeconomics is that a government cannot simultaneously opt for open financial markets, fixed exchange rates, and monetary autonomy; rather, it is constrained to choosing no more than two of these three. In the wake of the Great Recession, however, there has been

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2013-09-01
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