Discussion of Maurice Obstfeld, Jay C. Shambaugh and Alan M. Taylor, “The Trilemma in History: Tradeoffs amonge Exchange Rates, Monetary Policies, and Capital Mobility”

Discussion of Maurice Obstfeld, Jay C. Shambaugh and Alan M. Taylor, “The Trilemma in History: Tradeoffs amonge Exchange Rates, Monetary Policies, and Capital Mobility,” NBER International Finance and Macro Program Meeting, Cambridge, MA, Oct 18, 2002.