Iceland: Selected Issues Paper

This selected issues paper on Iceland reports that since mid-2009, Iceland has undergone a heavily frontloaded fiscal consolidation program to bring government finances to a sustainable level. To maintain the adjustment gains achieved during the last 2½ years, the authorities have started drafting a...

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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=25854
id ftrepec:oai:RePEc:imf:imfscr:2012/090
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spelling ftrepec:oai:RePEc:imf:imfscr:2012/090 2024-04-14T08:13:25+00:00 Iceland: Selected Issues Paper International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=25854 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=25854 preprint ftrepec 2024-03-19T10:41:23Z This selected issues paper on Iceland reports that since mid-2009, Iceland has undergone a heavily frontloaded fiscal consolidation program to bring government finances to a sustainable level. To maintain the adjustment gains achieved during the last 2½ years, the authorities have started drafting a new organic budget law, which would codify recent reforms in the budget framework and introduce principles for fiscal policymaking. Iceland’s economy is exposed to adverse shocks. The external outlook continues to pose challenges, as key trading partners face weak growth prospects. ISCR;CR;monetary policy;exchange rate; expenditure growth; inflation expectation; inflation targeting framework; growth limit; monetary policy framework; Inflation; Fiscal stance; Inflation targeting; Output gap; Global; Europe 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 on Iceland reports that since mid-2009, Iceland has undergone a heavily frontloaded fiscal consolidation program to bring government finances to a sustainable level. To maintain the adjustment gains achieved during the last 2½ years, the authorities have started drafting a new organic budget law, which would codify recent reforms in the budget framework and introduce principles for fiscal policymaking. Iceland’s economy is exposed to adverse shocks. The external outlook continues to pose challenges, as key trading partners face weak growth prospects. ISCR;CR;monetary policy;exchange rate; expenditure growth; inflation expectation; inflation targeting framework; growth limit; monetary policy framework; Inflation; Fiscal stance; Inflation targeting; Output gap; Global; Europe
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland: Selected Issues Paper
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland: Selected Issues Paper
title_short Iceland: Selected Issues Paper
title_full Iceland: Selected Issues Paper
title_fullStr Iceland: Selected Issues Paper
title_full_unstemmed Iceland: Selected Issues Paper
title_sort iceland: selected issues paper
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=25854
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=25854
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