Iceland : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

August 29, 2007

Electronic Access:

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Summary:

This Selected Issues paper estimates the gap between the real effective exchange rate (REER) and its equilibrium (medium-term) value. The paper explores certain features of fiscal policy in Iceland, and examines various aspects of fiscal frameworks in other European countries that are possibly worthy of emulation. It provides a detailed summary of the key issues affecting fiscal policy in Iceland. It argues that political economy factors lead to procyclical fiscal trends, and this is exacerbated by macroeconomic volatility. The paper also provides an overview of the structure of the banking sector of Iceland.

Series:

Country Report No. 07/296

Subject:

English

Publication Date:

August 29, 2007

ISBN/ISSN:

9781451819366/1934-7685

Stock No:

1ISLEA2007003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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