Disinflation, external vulnerability, and fiscal intransigence: some unpleasant Mundellian arithmetic
This paper examines the policy challenges that a country faces when it wants to both reduce inflation and maintain a sustainable external position. Robert Mundell’s policy assignment framework suggests that these two goals may be mutually incompatible unless monetary and fiscal policies are properly...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2019-01-01
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| Series: | Journal of Applied Economics |
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| Online Access: | http://dx.doi.org/10.1080/15140326.2019.1644718 |