Iceland; Selected Issues

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 worth...

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Main Author: International Monetary Fund
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=21292
id ftrepec:oai:RePEc:imf:imfscr:07/296
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spelling ftrepec:oai:RePEc:imf:imfscr:07/296 2024-04-14T08:13:22+00:00 Iceland; Selected Issues International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=21292 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=21292 preprint ftrepec 2024-03-19T10:32:22Z 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. Fiscal policy;Exchange rates;External debt;Selected issues;exchange rate, current account, international monetary fund, real exchange rate, real exchange Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description 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. Fiscal policy;Exchange rates;External debt;Selected issues;exchange rate, current account, international monetary fund, real exchange rate, real exchange
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland; Selected Issues
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland; Selected Issues
title_short Iceland; Selected Issues
title_full Iceland; Selected Issues
title_fullStr Iceland; Selected Issues
title_full_unstemmed Iceland; Selected Issues
title_sort iceland; selected issues
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=21292
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=21292
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