Let them go!

  • 2011-04-21
  • By Janis Berzins
One of the most important international economic theoreticians is Robert Mundell, from Columbia University. He is one of the Mundell-Fleming model’s authors, one of the most important models, in conventional macroeconomics, portraying the relationship between the nominal exchange rate and an economy’s output. It is the “Inconsistent Trinity’s” - the notion that an economy cannot at the same time maintain an independent monetary policy, a fixed exchange rate, and free capital movement – theoretical base. He is also one of the fathers of the Optimal Curr...
 
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