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010   $a9786613827173
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035   $a(SSID)ssj0000943257
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035   $a(PQKBTitleCode)TC0000943257
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aStabilizing Inflation in Iceland /$fKeiko Honjo, Benjamin Hunt
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (37 p.)
225 1 $aIMF Working Papers
300   $a"December 2006."
311   $a1-4518-6522-8 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. EFFICIENT POLICY FRONTIERS AND THEIR IMPLICATIONS""; ""IV. THE POTENTIAL CONTRIBUTION OF COUNTERCYCLICAL FISCAL POLICY""; ""V. POSSIBLE ADJUSTMENTS TO POLICY FRAMEWORK""; ""VI. CONCLUSIONS""; ""APPENDIX I. THE COMPLETE MODEL""; ""APPENDIX II. DATA AND ESTIMATION RESULTS""; ""APPENDIX III. ESTIMATION RESULTS FOR ICELAND MODEL WITH FISCAL POLICY""; ""REFERENCES""
330 3 $aThis paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open economy such as Iceland. Estimated macroeconomic models of Canada, Iceland, New Zealand, the United Kingdom, and the United States are used to derive efficient monetary policy frontiers that trace out the locus of the lowest combinations of inflation and output variability that are achievable under a range of alternative monetary policy rules. These frontiers illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of the relative magnitudes of the economic shocks.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/262
606   $aInflation (Finance)$zIceland
606   $aFinance$zIceland
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aMoney and Monetary Policy$2imf
606   $aPublic Finance$2imf
606   $aProduction and Operations Management$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aFiscal Policy$2imf
606   $aMonetary Policy$2imf
606   $aMacroeconomics: Production$2imf
606   $aMonetary economics$2imf
606   $aFiscal policy$2imf
606   $aInflation targeting$2imf
606   $aFiscal stance$2imf
606   $aOutput gap$2imf
606   $aPrices$2imf
606   $aMonetary policy$2imf
606   $aProduction$2imf
606   $aEconomic theory$2imf
607   $aIceland$2imf
615  0$aInflation (Finance)
615  0$aFinance
615  7$aInflation
615  7$aMacroeconomics
615  7$aMoney and Monetary Policy
615  7$aPublic Finance
615  7$aProduction and Operations Management
615  7$aPrice Level
615  7$aDeflation
615  7$aFiscal Policy
615  7$aMonetary Policy
615  7$aMacroeconomics: Production
615  7$aMonetary economics
615  7$aFiscal policy
615  7$aInflation targeting
615  7$aFiscal stance
615  7$aOutput gap
615  7$aPrices
615  7$aMonetary policy
615  7$aProduction
615  7$aEconomic theory
700   $aHonjo$b Keiko$01558714
701   $aHunt$b Benjamin$0895004
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788401603321
996   $aStabilizing Inflation in Iceland$93849987
997   $aUNINA