Iceland: Staff Report for the 2002 Article IV Consultation

This 2002 Article IV Consultation highlights that the economic developments in Iceland since early 2001 have been characterized by progress in the correction of some of the imbalances. As sentiment turned, the currency depreciated sharply and growth in economic activity decelerated from 5½ percent i...

Full description

Bibliographic Details
Main Author: International Monetary Fund
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=15918
id ftrepec:oai:RePEc:imf:imfscr:2002/130
record_format openpolar
spelling ftrepec:oai:RePEc:imf:imfscr:2002/130 2024-04-14T08:13:32+00:00 Iceland: Staff Report for the 2002 Article IV Consultation International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=15918 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=15918 preprint ftrepec 2024-03-19T10:41:23Z This 2002 Article IV Consultation highlights that the economic developments in Iceland since early 2001 have been characterized by progress in the correction of some of the imbalances. As sentiment turned, the currency depreciated sharply and growth in economic activity decelerated from 5½ percent in 2000 to 3 percent in 2001—bringing it closer to its long-term sustainable pace. The balance of demand switched swiftly from consumption and other domestic expenditure to net exports and, as a result, the current account deficit fell to about 4½ percent of GDP. ISCR;CR;króna;monetary policy;inflation targeting;shrinking current account deficit;inflation-targeting monetary policy regime; introduced inflation-targeting framework; current account reversal; exchange rate; Inflation; Current account deficits; Loans; Global Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description This 2002 Article IV Consultation highlights that the economic developments in Iceland since early 2001 have been characterized by progress in the correction of some of the imbalances. As sentiment turned, the currency depreciated sharply and growth in economic activity decelerated from 5½ percent in 2000 to 3 percent in 2001—bringing it closer to its long-term sustainable pace. The balance of demand switched swiftly from consumption and other domestic expenditure to net exports and, as a result, the current account deficit fell to about 4½ percent of GDP. ISCR;CR;króna;monetary policy;inflation targeting;shrinking current account deficit;inflation-targeting monetary policy regime; introduced inflation-targeting framework; current account reversal; exchange rate; Inflation; Current account deficits; Loans; Global
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland: Staff Report for the 2002 Article IV Consultation
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland: Staff Report for the 2002 Article IV Consultation
title_short Iceland: Staff Report for the 2002 Article IV Consultation
title_full Iceland: Staff Report for the 2002 Article IV Consultation
title_fullStr Iceland: Staff Report for the 2002 Article IV Consultation
title_full_unstemmed Iceland: Staff Report for the 2002 Article IV Consultation
title_sort iceland: staff report for the 2002 article iv consultation
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=15918
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=15918
_version_ 1796311533345570816

Similar Items