Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Abstract: I årtier har beskrivelser og analyser af valutakursregimer taget udgangspunkt i ”den umulige trekant” (ofte under navnet ”the macroeconomic policy trilemma”), der i overensstemmelse med den åbne renteparitet angiver, at det ikke er muligt for et land samtidig at have frie kapitalbevægelser, uafhængig penge- og rentepolitik samt fastkurspolitik. I den økonomiske politik er man derfor nødt til at fravælge (i hvert fald) et af de tre forhold. ”Despite the clarity and simplicity of this prediction, one is surprised by the frequency with which the lessons of the trilemma seem to be disregarded by po

Keywords: The policy trilemma; fix exchange rates; fiscal policy in small; open economies

JEL-codes: E63; F32; F41; H63

Language: Danish

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