Research of Mundell Impossible Trinity under the Background of Raising Global Interest Rate
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Many countries and regions have implemented the negative interest rate from the financial crisis in 2008,and then these countries raised interest rate rapidly. The Mundell Impossible Trinity has a strong applicability in the environment of positive interest rate. This paper studies the current situation of the Mundell Trinity in the era of changing time from negative interest rate back to the positive interest rate to provide some references for the global economic researchers.
Mundell Impossible Trinity, Mundell- Fleming Model,Raising Interest Rate