IMF Staff Country Reports

Iceland: Selected Issues

July 3, 2002

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Iceland: Selected Issues, (USA: International Monetary Fund, 2002) accessed November 12, 2024

Summary

This Selected Issues paper reports on the technical aspects of the model-based inflation forecasts of the Central Bank of Iceland (CBI) and the monetary transmission mechanism in Iceland. The paper summarizes the structure and results of time series models employed by the CBI to forecast inflation and quantify lags in the transmission of monetary policy changes. The paper also briefly discusses recent inflation trends, including the IMF staff’s estimate of the exchange rate pass-through. The paper presents some remarks on potential distortions in the financial market pass-through of monetary policy changes.

Subject: Corporate income tax, Corporate taxes, Exchange rate adjustments, Exchange rate pass-through, Foreign exchange, Inflation, National accounts, Personal income, Prices, Taxes

Keywords: B. inflation forecast, Corporate income tax, Corporate taxes, CR, Europe, Exchange rate adjustments, Exchange rate pass-through, Financial market pass-through, I. inflation forecasting, Iceland, Income tax, Inflation, Inflation development, ISCR, Liquidity provision, Personal income, Price, Publication policy, Tax rate, Transmission mechanism, Wealth surtax, Wealth tax

Publication Details

  • Pages:

    18

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2002/129

  • Stock No:

    1ISLEA0012002

  • ISBN:

    9781451819236

  • ISSN:

    1934-7685