Impossible Trinity in the CES Framework
"The Mundell-Fleming Result as CES Algebra
Impact Score
Score Reasoning
- Importance
- Application of CES bilateral friction to trade/macro. Rederives Mundell-Fleming as CES algebra. Useful but not core spine.
- Novelty
- New connection: impossible trinity derived from CES friction decomposition rather than IS-LM-BP. Clean algebraic proof.
- Quality
- Clear friction decomposition, clean theorem statement, good economic interpretation. Well-linked to trade pages.