Iceland: Selected Issues and Statistical Appendix

• Main Author: International Monetary Fund
• Format: Report
• Language: unknown
• Subjects: New Zealand; Iceland
• Online Access: http://www.imf.org/external/pubs/cat/longres.aspx?sk=4090

The abolition of the fluctuation bands by the Icelandic government is seen as the final step of a consistent and gradual move toward increased exchange rate flexibility. Supplemented by the adoption of an inflation targeting regime, the new monetary policy framework should suit Iceland better. Iceland's new monetary policy framework has been introduced against a backdrop of a sound legal environment. The institutional and operational framework of the inflation targeting regime is well defined. The statistical data on the economic indices of Iceland are presented. ISCR;CR;supply shock;government;monetary policy; inflation-deflation cycle; adjustable peg; rigid exchange rate peg; inflation rate; transmission mechanism; inflation projection; Inflation targeting; Inflation; Exchange rates; Exchange rate flexibility; Exchange rate arrangements; Global; Australia and New Zealand; Africa