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.