A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021

Léo Malherbe ()
Additional contact information
Léo Malherbe: CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne

Post-Print from HAL

Abstract: In this paper, we provide a Stock-Flow Consistent model of the Icelandic economy that is used both to replicate stylized facts and to carry out macroeconomic forecasts. We show that the key drivers of the domestic macroeconomic dynamic are growth of the Eurozone, exchange rate with the euro, Central Bank of Iceland key interest rate and entrepreneurs' confidence. The model is shocked in order to reproduce the COVID-19 crisis in the Eurozone and the effects on the Icelandic economy are analyzed. We finally discuss how deficit spending and depreciation of the Icelandic krona might limit the recessive effects.

Keywords: SFC; Iceland; Crises; Forecast (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Published in Economie appliquée, 2022, 2 (2), pp.115-146. ⟨10.48611/isbn.978-2-406-12814-4.p.0115⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-04086060

DOI: 10.48611/isbn.978-2-406-12814-4.p.0115

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().