Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic
Inflation was a growing problem during the 1960’s and the 1970’s in Iceland. Inflation represents a problem for any entity that tries to write up a budget, whether an individual, a company or a governmental entity. Many governmental entities do not have right to spend money unless what has been pres...
Published in: | Tímarit um viðskipti og efnahagsmál |
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Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands.
2008
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Online Access: | https://hdl.handle.net/20.500.11815/204 https://doi.org/10.24122/tve.a.2008.6.2.8 |
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ftopinvisindi:oai:opinvisindi.is:20.500.11815/204 2024-09-15T18:13:18+00:00 Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic Matthiasson, Thorolfur Hagfræðideild (HÍ) Faculty of Economics (UI) Félagsvísindasvið (HÍ) School of Social Sciences (UI) Háskóli Íslands University of Iceland 2008 71-82 https://hdl.handle.net/20.500.11815/204 https://doi.org/10.24122/tve.a.2008.6.2.8 en eng Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands. Tímarit um viðskipti og efnahagsmál.;6(2) http://www.efnahagsmal.is/article/view/a.2008.6.2.8 doi:10.24122/tve.a.2008.6.2.8 Þórólfur Matthíasson. (2008), Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic. Tímarit um viðskipti og efnahagsmál, 6(2), 71-82. doi:10.24122/tve.a.2008.6.2.8 1670-4444 1670-4851 (e-ISSN) https://hdl.handle.net/20.500.11815/204 Research in applied business and economics info:eu-repo/semantics/openAccess Municipalities budgeting Inflation budgeting Expectation formation Verðbólga Fjárhagsáætlanir Sveitarfélög info:eu-repo/semantics/article 2008 ftopinvisindi https://doi.org/20.500.11815/20410.24122/tve.a.2008.6.2.8 2024-07-09T03:01:56Z Inflation was a growing problem during the 1960’s and the 1970’s in Iceland. Inflation represents a problem for any entity that tries to write up a budget, whether an individual, a company or a governmental entity. Many governmental entities do not have right to spend money unless what has been prescribed in the budget. The purpose of this paper is to map out how inflation affected different parts of municipality budgets in Iceland during the 1960’s and the 1970’s. Furthermore, to look at how well budget makers in the Icelandic municipality sector managed the task of forecasting inflation during the high inflation period of the 1970s. Peer Reviewed Ritrýnt tímarit Article in Journal/Newspaper Iceland Opin vísindi (Iceland) Tímarit um viðskipti og efnahagsmál 6 2 71 |
institution |
Open Polar |
collection |
Opin vísindi (Iceland) |
op_collection_id |
ftopinvisindi |
language |
English |
topic |
Municipalities budgeting Inflation budgeting Expectation formation Verðbólga Fjárhagsáætlanir Sveitarfélög |
spellingShingle |
Municipalities budgeting Inflation budgeting Expectation formation Verðbólga Fjárhagsáætlanir Sveitarfélög Matthiasson, Thorolfur Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
topic_facet |
Municipalities budgeting Inflation budgeting Expectation formation Verðbólga Fjárhagsáætlanir Sveitarfélög |
description |
Inflation was a growing problem during the 1960’s and the 1970’s in Iceland. Inflation represents a problem for any entity that tries to write up a budget, whether an individual, a company or a governmental entity. Many governmental entities do not have right to spend money unless what has been prescribed in the budget. The purpose of this paper is to map out how inflation affected different parts of municipality budgets in Iceland during the 1960’s and the 1970’s. Furthermore, to look at how well budget makers in the Icelandic municipality sector managed the task of forecasting inflation during the high inflation period of the 1970s. Peer Reviewed Ritrýnt tímarit |
author2 |
Hagfræðideild (HÍ) Faculty of Economics (UI) Félagsvísindasvið (HÍ) School of Social Sciences (UI) Háskóli Íslands University of Iceland |
format |
Article in Journal/Newspaper |
author |
Matthiasson, Thorolfur |
author_facet |
Matthiasson, Thorolfur |
author_sort |
Matthiasson, Thorolfur |
title |
Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
title_short |
Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
title_full |
Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
title_fullStr |
Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
title_full_unstemmed |
Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic |
title_sort |
adapting budgetmaking to inflation, icelandic municipalities in a volatile economic |
publisher |
Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands. |
publishDate |
2008 |
url |
https://hdl.handle.net/20.500.11815/204 https://doi.org/10.24122/tve.a.2008.6.2.8 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
Tímarit um viðskipti og efnahagsmál.;6(2) http://www.efnahagsmal.is/article/view/a.2008.6.2.8 doi:10.24122/tve.a.2008.6.2.8 Þórólfur Matthíasson. (2008), Adapting Budgetmaking to Inflation, Icelandic Municipalities in a Volatile Economic. Tímarit um viðskipti og efnahagsmál, 6(2), 71-82. doi:10.24122/tve.a.2008.6.2.8 1670-4444 1670-4851 (e-ISSN) https://hdl.handle.net/20.500.11815/204 Research in applied business and economics |
op_rights |
info:eu-repo/semantics/openAccess |
op_doi |
https://doi.org/20.500.11815/20410.24122/tve.a.2008.6.2.8 |
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Tímarit um viðskipti og efnahagsmál |
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6 |
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71 |
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1810451004438609920 |