{"id":"https://openalex.org/W2011711802","doi":"https://doi.org/10.1080/02692171.2014.933788","title":"Understanding the dynamics of the macroeconomic trilemma","display_name":"Understanding the dynamics of the macroeconomic trilemma","publication_year":2014,"publication_date":"2014-07-10","ids":{"openalex":"https://openalex.org/W2011711802","doi":"https://doi.org/10.1080/02692171.2014.933788","mag":"2011711802"},"language":"en","primary_location":{"id":"doi:10.1080/02692171.2014.933788","doi":"https://doi.org/10.1080/02692171.2014.933788","is_oa":false,"landing_page_url":"https://doi.org/10.1080/02692171.2014.933788","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5054296554","display_name":"Amr Sadek Hosny","orcid":"https://orcid.org/0000-0001-8952-8757","observed_orcids":["https://orcid.org/0000-0001-8952-8757"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Amr S. Hosny","raw_affiliation_strings":["International Monetary Fund, Washington, D.C., USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund, Washington, D.C., USA","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022134534","display_name":"N. Kundan Kishor","orcid":"https://orcid.org/0000-0003-4097-8962","observed_orcids":["https://orcid.org/0000-0003-4097-8962"]},"institutions":[{"id":"https://openalex.org/I43579087","display_name":"University of Wisconsin\u2013Milwaukee","ror":"https://ror.org/031q21x57","country_code":"US","type":"education","lineage":["https://openalex.org/I43579087"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"N. Kundan Kishor","raw_affiliation_strings":["University of Wisconsin-Milwaukee, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Wisconsin-Milwaukee, USA","institution_ids":["https://openalex.org/I43579087"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5015838945","display_name":"Mohsen Bahmani\u2010\u00d3skooee","orcid":"https://orcid.org/0000-0002-8242-7715","observed_orcids":["https://orcid.org/0000-0002-8242-7715"]},"institutions":[{"id":"https://openalex.org/I43579087","display_name":"University of Wisconsin\u2013Milwaukee","ror":"https://ror.org/031q21x57","country_code":"US","type":"education","lineage":["https://openalex.org/I43579087"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mohsen Bahmani-Oskooee","raw_affiliation_strings":["Department of Economics at the University of Wisconsin-Milwaukee, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics at the University of Wisconsin-Milwaukee, USA","institution_ids":["https://openalex.org/I43579087"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5054296554"],"corresponding_institution_ids":["https://openalex.org/I1310145890"],"apc_list":null,"apc_paid":null,"fwci":1.869,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.89931113,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"29","issue":"1","first_page":"32","last_page":"64"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9315999746322632,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9315999746322632,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.06769999861717224,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-independence","display_name":"monetary policy independence","score":0.9259999990463257},{"id":"https://openalex.org/keywords/exchange-rate-regimes","display_name":"exchange rate regimes","score":0.9440000057220459},{"id":"https://openalex.org/keywords/capital-controls","display_name":"capital controls","score":0.9980000257492065},{"id":"https://openalex.org/keywords/capital-mobility","display_name":"capital mobility","score":0.6430000066757202},{"id":"https://openalex.org/keywords/time-varying-parameters","display_name":"time-varying parameters","score":0.8579999804496765},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.609000027179718},{"id":"https://openalex.org/keywords/developed-countries","display_name":"developed countries","score":0.7749999761581421},{"id":"https://openalex.org/keywords/policy-autonomy","display_name":"policy autonomy","score":0.34200000762939453}],"concepts":[{"id":"https://openalex.org/C2780676692","wikidata":"https://www.wikidata.org/wiki/Q1073549","display_name":"Trilemma","level":3,"score":0.992652177810669},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8218508958816528},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6654462218284607},{"id":"https://openalex.org/C2776811073","wikidata":"https://www.wikidata.org/wiki/Q1946428","display_name":"Capital control","level":4,"score":0.6317850947380066},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.626687228679657},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.6008365154266357},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5572145581245422},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5324177742004395},{"id":"https://openalex.org/C35651441","wikidata":"https://www.wikidata.org/wiki/Q625303","display_name":"Independence (probability theory)","level":2,"score":0.5187373757362366},{"id":"https://openalex.org/C2776071005","wikidata":"https://www.wikidata.org/wiki/Q11337203","display_name":"Exchange-rate regime","level":3,"score":0.5133647322654724},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5031690001487732},{"id":"https://openalex.org/C32768728","wikidata":"https://www.wikidata.org/wiki/Q1728567","display_name":"Capital account","level":2,"score":0.4957195520401001},{"id":"https://openalex.org/C2991741723","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Capital flows","level":3,"score":0.36964303255081177},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3533658981323242},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.339447557926178},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.11527740955352783},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/02692171.2014.933788","doi":"https://doi.org/10.1080/02692171.2014.933788","is_oa":false,"landing_page_url":"https://doi.org/10.1080/02692171.2014.933788","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:irapec:v:29:y:2015:i:1:p:32-64","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/02692171.2014.933788","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W575712408","https://openalex.org/W1508663702","https://openalex.org/W1516741797","https://openalex.org/W1531653575","https://openalex.org/W1572896232","https://openalex.org/W1575934579","https://openalex.org/W1587141723","https://openalex.org/W1600001357","https://openalex.org/W1966910378","https://openalex.org/W1969886729","https://openalex.org/W1991241634","https://openalex.org/W1998870214","https://openalex.org/W2001167672","https://openalex.org/W2005961387","https://openalex.org/W2012335651","https://openalex.org/W2104267426","https://openalex.org/W2104626115","https://openalex.org/W2105934661","https://openalex.org/W2133817127","https://openalex.org/W2137360725","https://openalex.org/W2140155741","https://openalex.org/W2142608938","https://openalex.org/W2144452471","https://openalex.org/W2155441609","https://openalex.org/W2250013815","https://openalex.org/W2913718905","https://openalex.org/W3123003185","https://openalex.org/W3124695469","https://openalex.org/W3125544149","https://openalex.org/W3143512145","https://openalex.org/W3147700511","https://openalex.org/W4248735792","https://openalex.org/W4256569773","https://openalex.org/W4292078530"],"related_works":["https://openalex.org/W2138832458","https://openalex.org/W4407056344","https://openalex.org/W3121883306","https://openalex.org/W225699046","https://openalex.org/W3160942904","https://openalex.org/W7099025529","https://openalex.org/W2588179616","https://openalex.org/W363939429","https://openalex.org/W2984680899","https://openalex.org/W1559860338"],"abstract_inverted_index":{"This":[0],"paper":[1],"tests":[2],"the":[3,10,13,56,87,90,113],"autonomy":[4],"of":[5,12,21,58,89,112],"domestic":[6],"monetary":[7,49,102],"policy":[8,15,50,103],"in":[9,78,92],"context":[11],"macroeconomic":[14,114],"trilemma":[16],"for":[17],"a":[18,80,108],"large":[19],"data-set":[20],"developing":[22],"and":[23,37,97],"developed":[24],"countries":[25,63],"covering":[26],"three":[27],"different":[28,33,66,93],"time":[29],"periods":[30],"characterized":[31],"with":[32],"exchange":[34,67,94],"rate":[35,68,95],"regimes":[36,69,96],"capital":[38,71,98],"controls.":[39],"The":[40,75],"existing":[41],"literature":[42],"uses":[43],"fixed":[44],"coefficient":[45],"methodologies":[46],"to":[47],"examine":[48],"independence;":[51],"whereas":[52],"we":[53],"show":[54],"that":[55,84],"coefficients":[57],"interest":[59],"are":[60],"unstable":[61],"as":[62],"switch":[64],"between":[65],"and/or":[70],"controls":[72],"over":[73,105],"time.":[74],"contribution":[76],"is":[77],"using":[79],"time-varying":[81],"parameter":[82],"model":[83],"better":[85],"captures":[86],"effects":[88],"heterogeneity":[91],"mobility":[99],"restrictions":[100],"on":[101],"independence":[104],"time,":[106],"allowing":[107],"more":[109],"accurate":[110],"test":[111],"trilemma.":[115]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
