Stabilizing inflation in Iceland / / prepared by Keiko Honjo and Benjamin Hunt

• Autore: Honjo Keiko
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (37 p.)
• Soggetto topico: Inflation (Finance) - Iceland; Finance - 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.: 9910810747603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/262.