Iceland: Recent Economic Developments

International Monetary Fund

No 1995/047, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Iceland during 1990–95. It describes developments in the real economy, and examines monetary and exchange rate developments and policies and the transmission of monetary policy. The paper provides a detailed look at budgetary outcomes and the stance of fiscal policy for 1995. Determinants of past and present growth in Iceland are examined. Indicators of fiscal sustainability are used to argue for better public finances in Iceland. The paper also examines the Icelandic tax structure.

Keywords: ISCR; CR; net; exchange rate; Iceland; treasury; rate; inflation rate; terms of trade; public finance; treasury note; facilities--repurchase facilities; Iceland interest rate differential; net treasury debt; Iceland interest; Exchange rates; Sovereign bonds; Budget planning and preparation; Exchange rate policy; Agroindustries; Europe (search for similar items in EconPapers)
Pages: 125
Date: 1995-06-08
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