Globalisation: A macro-financial perspective

June 25, 2019

The Economic and Social Review, Vol. 50, No. 2, Summer, 2019, pp. 1-27

Attachment Size
Download PDF 76.89 KB

The preservation of macro-financial stability in a globalised economy poses several challenges. First, evidence-based policymaking depends on the availability of informative macro-financial data: this paper discusses the Irish experience in developing customised versions of macroeconomic and financial statistics to track domestic developments. Second, policymaking in a globalised economy is constrained by a trio of trilemmas (monetary, financial and political economy): this paper interprets membership of the EU and the Euro Area in the context of these trilemmas.

Author(s)
Philip R Lane
Research Area(s)

Publication Details

Publisher

The Economic and Social Review

Place of Publication

Dublin

Date of Publication

June 25, 2019

ESRI Series

Geary Lecture Series 48