Managing the Impossible Trinity in an Inflation Targeting Regime (Record no. 530403)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01769nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250612b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Subbarao, Duvvuri |
| 245 ## - TITLE STATEMENT | |
| Title | Managing the Impossible Trinity in an Inflation Targeting Regime |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Economic and Political Weekly |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 60(22), May 31, 25: p.39-47 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The view that the neglect of financial stability by central banks was one of the prime reasons for the global financial crisis in 2008–09 gave way to flexible inflation targeting. In this set-up, central banks are mandated with the additional responsibility of maintaining financial stability along with price stability. Over the last two decades, many emerging market economies, including India, have embraced FIT. In delivering on their inflation target, these economies confront the challenge of the impossible trinity—the difficulty of conducting an independent monetary policy while maintaining an open capital account and a fixed exchange rate. They have managed the impossible trinity through a variety of instruments, including forex market intervention, macroprudential policy, capital controls, and occasionally monetary policy. An additional complicating factor is that the monetary policy committee typically has a narrow mandate of only price stability, whereas the central bank has broader responsibilities including growth and financial stability in these economies. This can be a potential source of tension. - Reproduced https://www.epw.in/journal/2025/22/money-banking-and-finance/managing-impossible-trinity-inflation-targeting.html |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | financial stability, monetary policy, inflation targeting, capital flow management |
| 9 (RLIN) | 54308 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2025-06-12 | AR136259 | 2025-06-12 | Articles |