Six myths and few facts, Recovery of the Icelandic economy post October 2008

Þórólfur Matthíasson ()

Nordic Journal of Political Economy, 2015, vol. 40, 1

Abstract: The relative success of the Icelandic road to recovery in the wake of the 2008 Financial Crisis has been a source of some myth-making. This paper discusses to which extent Iceland refused to bail out bankers and sheltered the sovereign from financial losses. I also argue that Iceland responded to the crisis by Keynesian expansionary policy rather than austerity. Furthermore, I argue that the debt-relief program that the government initiated also was a key factor in cushioning the effect of the collapse of the Icelandic financial system.

JEL-codes: E32 N14 N24 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://nopecjournal.org/NOPEC_2015_a1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:noj:journl:v:40:y:2015:p:1

Access Statistics for this article

More articles in Nordic Journal of Political Economy from Nordic Journal of Political Economy
Bibliographic data for series maintained by Halvor Mehlum ().