Question
Some economists argue that the three goals of 1. financial stability, 2. open capital markets, and 3. autonomy over domestic financial policy are not always
Some economists argue that the three goals of 1. financial stability, 2. open capital markets,
and 3. autonomy over domestic financial policy are not always attainable simultaneously.
Explain this so-called financial policy trilemma drawing on historical and current policy
examples.
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
