Search results with tag "Trilemma"

DILEMMA NOT TRILEMMA: THE GLOBAL FINANCIAL CYCLE …

Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence Hélène Rey NBER Working Paper No. 21162 May 2015, Revised February 2018 JEL No. E5,F02,F33,G15 ABSTRACT There is a global financial cycle in capital flows, asset prices and in credit growth. This cycle co moves with the VIX, a measure of uncertainty and risk ...

  Policy, Global, Financial, Cycle, Monetary, Independence, Trilemma, The global financial cycle, The global financial cycle and monetary policy independence, Global financial cycle