A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021
International audience In this paper, we provide a Stock-Flow Consistent model of the Icelandic economy that is used both to replicate stylized facts and to carry out macroeconomic forecasts. We show that the key drivers of the domestic macroeconomic dynamic are growth of the Eurozone, exchange rate...
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ftunivpicardie:oai:HAL:hal-04086060v1 2024-09-15T18:13:18+00:00 A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 Malherbe, Léo Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 (CRIISEA) Université de Picardie Jules Verne (UPJV) 2022 https://u-picardie.hal.science/hal-04086060 https://doi.org/10.48611/isbn.978-2-406-12814-4.p.0115 en eng HAL CCSD Classiques Garnier info:eu-repo/semantics/altIdentifier/doi/10.48611/isbn.978-2-406-12814-4.p.0115 hal-04086060 https://u-picardie.hal.science/hal-04086060 doi:10.48611/isbn.978-2-406-12814-4.p.0115 ISSN: 0013-0494 EISSN: 2801-0620 Economie appliquée https://u-picardie.hal.science/hal-04086060 Economie appliquée, 2022, 2 (2), pp.115-146. ⟨10.48611/isbn.978-2-406-12814-4.p.0115⟩ SFC Iceland Crises Forecast [SHS.ECO]Humanities and Social Sciences/Economics and Finance info:eu-repo/semantics/article Journal articles 2022 ftunivpicardie https://doi.org/10.48611/isbn.978-2-406-12814-4.p.0115 2024-08-01T23:36:17Z International audience In this paper, we provide a Stock-Flow Consistent model of the Icelandic economy that is used both to replicate stylized facts and to carry out macroeconomic forecasts. We show that the key drivers of the domestic macroeconomic dynamic are growth of the Eurozone, exchange rate with the euro, Central Bank of Iceland key interest rate and entrepreneurs' confidence. The model is shocked in order to reproduce the COVID-19 crisis in the Eurozone and the effects on the Icelandic economy are analyzed. We finally discuss how deficit spending and depreciation of the Icelandic krona might limit the recessive effects. Article in Journal/Newspaper Iceland Université de Picardie Jules Verne |
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Université de Picardie Jules Verne |
op_collection_id |
ftunivpicardie |
language |
English |
topic |
SFC Iceland Crises Forecast [SHS.ECO]Humanities and Social Sciences/Economics and Finance |
spellingShingle |
SFC Iceland Crises Forecast [SHS.ECO]Humanities and Social Sciences/Economics and Finance Malherbe, Léo A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
topic_facet |
SFC Iceland Crises Forecast [SHS.ECO]Humanities and Social Sciences/Economics and Finance |
description |
International audience In this paper, we provide a Stock-Flow Consistent model of the Icelandic economy that is used both to replicate stylized facts and to carry out macroeconomic forecasts. We show that the key drivers of the domestic macroeconomic dynamic are growth of the Eurozone, exchange rate with the euro, Central Bank of Iceland key interest rate and entrepreneurs' confidence. The model is shocked in order to reproduce the COVID-19 crisis in the Eurozone and the effects on the Icelandic economy are analyzed. We finally discuss how deficit spending and depreciation of the Icelandic krona might limit the recessive effects. |
author2 |
Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 (CRIISEA) Université de Picardie Jules Verne (UPJV) |
format |
Article in Journal/Newspaper |
author |
Malherbe, Léo |
author_facet |
Malherbe, Léo |
author_sort |
Malherbe, Léo |
title |
A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
title_short |
A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
title_full |
A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
title_fullStr |
A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
title_full_unstemmed |
A Stock-Flow Consistent Model of the Icelandic Economy, 2004–2021 |
title_sort |
stock-flow consistent model of the icelandic economy, 2004–2021 |
publisher |
HAL CCSD |
publishDate |
2022 |
url |
https://u-picardie.hal.science/hal-04086060 https://doi.org/10.48611/isbn.978-2-406-12814-4.p.0115 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
ISSN: 0013-0494 EISSN: 2801-0620 Economie appliquée https://u-picardie.hal.science/hal-04086060 Economie appliquée, 2022, 2 (2), pp.115-146. ⟨10.48611/isbn.978-2-406-12814-4.p.0115⟩ |
op_relation |
info:eu-repo/semantics/altIdentifier/doi/10.48611/isbn.978-2-406-12814-4.p.0115 hal-04086060 https://u-picardie.hal.science/hal-04086060 doi:10.48611/isbn.978-2-406-12814-4.p.0115 |
op_doi |
https://doi.org/10.48611/isbn.978-2-406-12814-4.p.0115 |
_version_ |
1810450981675073536 |