Iceland: Selected Issues

October 14, 2005

Preview Citation

Format: Chicago

Iceland: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 27, 2024

Summary

This Selected Issues paper for Iceland reports that it faces a considerably less favorable inflation-output variability trade-off than do Canada or the United States. A number of measures should be considered that could help minimize the cost of inflation breaching the tolerance band and help to lower the probability of such events occurring. To effectively target inflation, central banks need to be forward looking, responding early to prospective demand pressures. Having housing prices explicitly in the target ensures that the central bank will monitor developments in the housing market closely.

Subject: Financial institutions, National accounts, Prices

Keywords: Commercial banks, Consumption expenditure, Consumption goods, CR, Excess demand pressure, Housing, Housing prices, Iceland, Icelandic firm, Inflation, Inflation-output variability tradeoff, ISCR, Leverage ratio, Mortgage market, Mortgages, Rises in step, Western Europe

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/366
Stock No:

1ISLEA2005001
ISBN:

9781451819298
ISSN:

1934-7685

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