Monetary Indexation and Revenues from Money Creation: The Case of Iceland
The effects of monetary indexation on revenues from monetization in Iceland are discussed, and the factors behind the sharp fall in monetization revenues following the introduction of indexation in 1979 are evaluated. The fiscal consequences are then examined, given that revenues from monetization h...
| Main Author: | |
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| Format: | Article in Journal/Newspaper |
| Language: | unknown |
| Subjects: | |
| Online Access: | http://www.jstor.org/stable/3867230?origin=pubexport |
| _version_ | 1821546683999191040 |
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| author | Peter K. Cornelius |
| author_facet | Peter K. Cornelius |
| author_sort | Peter K. Cornelius |
| collection | RePEc (Research Papers in Economics) |
| description | The effects of monetary indexation on revenues from monetization in Iceland are discussed, and the factors behind the sharp fall in monetization revenues following the introduction of indexation in 1979 are evaluated. The fiscal consequences are then examined, given that revenues from monetization have traditionally made up a substantial part of government revenues in Iceland. Different policy options are simulated using as a framework the public finance approach to inflation. The simulations focus on the relation of fiscal deficits to inflation, output, growth, and internal and external debt. |
| format | Article in Journal/Newspaper |
| genre | Iceland |
| genre_facet | Iceland |
| id | ftrepec:oai:RePEc:pal:imfstp:v:37:y:1990:i:4:p:825-848 |
| institution | Open Polar |
| language | unknown |
| op_collection_id | ftrepec |
| op_relation | http://www.jstor.org/stable/3867230?origin=pubexport |
| record_format | openpolar |
| spelling | ftrepec:oai:RePEc:pal:imfstp:v:37:y:1990:i:4:p:825-848 2025-01-16T22:29:47+00:00 Monetary Indexation and Revenues from Money Creation: The Case of Iceland Peter K. Cornelius http://www.jstor.org/stable/3867230?origin=pubexport unknown http://www.jstor.org/stable/3867230?origin=pubexport article ftrepec 2024-03-19T10:27:31Z The effects of monetary indexation on revenues from monetization in Iceland are discussed, and the factors behind the sharp fall in monetization revenues following the introduction of indexation in 1979 are evaluated. The fiscal consequences are then examined, given that revenues from monetization have traditionally made up a substantial part of government revenues in Iceland. Different policy options are simulated using as a framework the public finance approach to inflation. The simulations focus on the relation of fiscal deficits to inflation, output, growth, and internal and external debt. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
| spellingShingle | Peter K. Cornelius Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title | Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title_full | Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title_fullStr | Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title_full_unstemmed | Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title_short | Monetary Indexation and Revenues from Money Creation: The Case of Iceland |
| title_sort | monetary indexation and revenues from money creation: the case of iceland |
| url | http://www.jstor.org/stable/3867230?origin=pubexport |