Iceland : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

July 3, 2002

Electronic Access:

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Summary:

This Selected Issues paper reports on the technical aspects of the model-based inflation forecasts of the Central Bank of Iceland (CBI) and the monetary transmission mechanism in Iceland. The paper summarizes the structure and results of time series models employed by the CBI to forecast inflation and quantify lags in the transmission of monetary policy changes. The paper also briefly discusses recent inflation trends, including the IMF staff’s estimate of the exchange rate pass-through. The paper presents some remarks on potential distortions in the financial market pass-through of monetary policy changes.

Series:

Country Report No. 02/129

Subject:

English

Publication Date:

July 3, 2002

ISBN/ISSN:

9781451819236/1934-7685

Stock No:

1ISLEA0012002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

18

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