Stabilizing Inflation in Iceland / / Keiko Honjo, Benjamin Hunt
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| Autore: |
Honjo Keiko
|
| Titolo: |
Stabilizing Inflation in Iceland / / Keiko Honjo, Benjamin Hunt
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (37 p.) |
| Soggetto topico: | Inflation (Finance) - Iceland |
| Finance - Iceland | |
| Inflation | |
| Macroeconomics | |
| Money and Monetary Policy | |
| Public Finance | |
| Production and Operations Management | |
| Price Level | |
| Deflation | |
| Fiscal Policy | |
| Monetary Policy | |
| Macroeconomics: Production | |
| Monetary economics | |
| Fiscal policy | |
| Inflation targeting | |
| Fiscal stance | |
| Output gap | |
| Prices | |
| Monetary policy | |
| Production | |
| Economic theory | |
| Soggetto geografico: | Iceland |
| Altri autori: |
HuntBenjamin
|
| Note generali: | "December 2006." |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | ""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"" |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Stabilizing Inflation in Iceland |
| ISBN: | 1-4623-2456-8 |
| 1-4527-2995-6 | |
| 1-283-51472-9 | |
| 1-4519-0975-6 | |
| 9786613827173 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788401603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/262