Navigating through the Mundellian Trilemma: A dataset of four decades

Aleksandar Stojkov; Thierry Warin

doi:10.1016/j.dib.2019.104677

Navigating through the Mundellian Trilemma: A dataset of four decades

Data Brief. 2019 Oct 17:27:104677. doi: 10.1016/j.dib.2019.104677. eCollection 2019 Dec.

Authors

Aleksandar Stojkov¹, Thierry Warin²

Affiliations

¹ Ss. Cyril and Methodius University, Faculty of Law Skopje, Macedonia.
² Skema Business School, Raleigh, NC, United States.

Abstract

The Mundellian Trilemma has maintained its reputation of a sensible guiding framework regarding policy trade-offs among monetary independence, degree of exchange rate flexibility, and financial openness. This data article offers a unique access to explore the determinants and implications of different Trilemma configurations across 195 countries and over 58 years by providing macroeconomic, financial and policy choice data for 103 variables. The dataset has the potential to contribute to the investigation of the consequences of different Trilemma configurations by income group, size, and geographical position of the economies; to enrich international macroeconomics literature on the role of country idiosyncrasies in navigating through the Mundellian Trilemma, and to formulate policy-relevant conclusions.

Keywords: Exchange rates; Financial openness; Monetary independence; Trilemma.

Associated data

figshare/10.6084/m9.figshare.8076509.v3