Economics Questions

Re: What is the Austrian Critique of Mundells Impossibility Theorem (the unholy trinity)?

krazy kaju — Sun, 26 Jul 2009 15:47:54 GMT

You can easily use the search function of this website to find such answers.

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Re: What is the Austrian Critique of Mundells Impossibility Theorem (the unholy trinity)?

AF — Sun, 26 Jul 2009 14:36:27 GMT

Jeremiah Dyke:

It states that countries can only have two of the three generally desirability’s: capital mobility, a stable exchange rate or monetary independence.

Assuming monetary independance means what I think it means, that being the power of the central bank over the money supply and interest rates etc., I'd say an Austrian would disagree with the premise that this is desireable in the first place.

What is the Austrian Critique of Mundells Impossibility Theorem (the unholy trinity)?

Jeremiah Dyke — Sat, 25 Jul 2009 18:23:53 GMT

It states that countries can only have two of the three generally desirability’s: capital mobility, a stable exchange rate or monetary independence.