Browsing Department of Economics (ECO) by Subject "functional coefficients"

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Title: Are Small Countries Able to set their Own Interest Rates? Assessing the implications of the macroeconomic trilemma Author(s): HERWARTZ, Helmut; ROESTEL, Jan Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: According to the ’macroeconomic trilemma’ the ability of small economies to pursue an independent monetary policy is jointly determined by country specific foreign exchange (FX) rate flexibility and capital mobility. In ...

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