Iceland; Recent Economic Developments

This paper reviews economic developments in Iceland during 1990–96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the...

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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=2190
id ftrepec:oai:RePEc:imf:imfscr:97/15
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spelling ftrepec:oai:RePEc:imf:imfscr:97/15 2024-04-14T08:13:23+00:00 Iceland; Recent Economic Developments International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=2190 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=2190 preprint ftrepec 2024-03-19T10:26:09Z This paper reviews economic developments in Iceland during 1990–96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the expansion of the power intensive industry; and brisk increases in real wages over the past two years (1995–96). The paper highlights that the main sources of upside risks comprise the likely construction of a new aluminum smelter. Iceland;wage, bargaining, negotiations, wages, wage bargaining Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description This paper reviews economic developments in Iceland during 1990–96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the expansion of the power intensive industry; and brisk increases in real wages over the past two years (1995–96). The paper highlights that the main sources of upside risks comprise the likely construction of a new aluminum smelter. Iceland;wage, bargaining, negotiations, wages, wage bargaining
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland; Recent Economic Developments
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland; Recent Economic Developments
title_short Iceland; Recent Economic Developments
title_full Iceland; Recent Economic Developments
title_fullStr Iceland; Recent Economic Developments
title_full_unstemmed Iceland; Recent Economic Developments
title_sort iceland; recent economic developments
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=2190
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=2190
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