Year-end Sale % OFF 
Abstract
Nobel Laureate Robert A Mundell has made significant contributions in the field of international macroeconomics particularly in the area of monetary and fiscal dynamics. He pointed out that in countries where monetary and fiscal policies are used to attain internal balance in the form of demand- supply equilibrium and external balance in the form of balance of payments equilibrium, monetary policy should be reserved for attaining the desired level of external balance and fiscal policy for preserving internal balance. This conclusion directly follows from what is termed as the 'Impossible Trinity' according to which there is an intrinsic incompatibility between a) perfect capital mobility, b) fixed exchange rates, and c) domestic monetary autonomy. The present paper is an attempt to explain the nuances of the path breaking concept of 'Impossible Trinity'.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
