A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis
The purpose of this essay is to discuss the effectiveness of monetary policy in a fixed exchange rate system with perfect capital mobility and an analysis of the Impossible Trinity thesis, with the IS-LM-BP framework. Section 1 analyses the implications of capital mobility. Section 2 explains the...
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| Format: | Article |
| Language: | English |
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Universidad de Guadalajara
2016-12-01
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| Series: | Expresión Económica |
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| Online Access: | http://expresioneconomica.cucea.udg.mx/index.php/eera/article/view/799 |