IDEAS home Printed from https://ideas.repec.org/a/taf/macfem/v5y2012i2p246-259.html
   My bibliography  Save this article

Price stability, financial stability, and sovereign debt sustainability policy challenges from the new trilemma

Author

Listed:
  • Duvvuri Subbarao

Abstract

Managing price stability, financial stability, and sovereign debt sustainability is a new trilemma that has emerged after the global crisis for central banks. In managing the new trilemma, central banks would face some policy relevant questions: Is there a return of fiscal dominance of monetary policy? Can the new trilemma erode the autonomy and accountability of central banks? How far can pursuit of the new trilemma militate against growth? What are the limits to unconventional policy measures? The article is an attempt to understand the dimension and complexity of the new trilemma with an analytical assessment of these questions.

Suggested Citation

  • Duvvuri Subbarao, 2012. "Price stability, financial stability, and sovereign debt sustainability policy challenges from the new trilemma," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 5(2), pages 246-259, April.
    • Handle: RePEc:taf:macfem:v:5:y:2012:i:2:p:246-259
    DOI: 10.1080/17520843.2012.686921
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17520843.2012.686921
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17520843.2012.686921?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cristi Spulbar & Adriana Spinu & Mihai Nitoi, 2012. "Financial Stability And Price Stability: An Empirical Analysis In Euro Area," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 220-229, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:macfem:v:5:y:2012:i:2:p:246-259. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REME20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.