Iceland: Recent Economic Developments

June 8, 1995

Summary

This paper reviews economic developments in Iceland during 1990–95. It describes developments in the real economy, and examines monetary and exchange rate developments and policies and the transmission of monetary policy. The paper provides a detailed look at budgetary outcomes and the stance of fiscal policy for 1995. Determinants of past and present growth in Iceland are examined. Indicators of fiscal sustainability are used to argue for better public finances in Iceland. The paper also examines the Icelandic tax structure.

Subject: Agroindustries, Banking, Budget planning and preparation, Economic sectors, Exchange rate policy, Exchange rates, Financial institutions, Foreign exchange, Public financial management (PFM), Sovereign bonds

Keywords: Agroindustries, Budget planning and preparation, CR, Europe, exchange rate, Exchange rate policy, Exchange rates, facilities--repurchase facilities, Iceland, Iceland interest, Iceland interest rate differential, inflation rate, ISCR, net, net treasury debt, public finance, rate, Sovereign bonds, terms of trade, treasury, treasury note

Pages:
125
Volume:
1995
DOI:
https://doi.org/10.5089/9781451819182.002
Issue:
047
Series:
Country Report No. 1995/047
Stock No:
1ISLEA0011995
ISBN:
9781451819182
ISSN:
1934-7685

Loading component...

Notes

This report on recent economic developments in Iceland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports