Globalisation: A Macro-Financial Perspective

Philip R. Lane
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Philip R. Lane: European Central Bank, Trinity College Dublin and CEPR

The Economic and Social Review, 2019, vol. 50, issue 2, 249-263

Abstract: 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.

Keywords: globalisation; macro-financial stability; global economy (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:50:y:2019:i:2:p:249-263

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