Iceland : Recent Economic Developments.

This paper reviews economic developments in Iceland during 1990-96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the...

Fuld beskrivelse

Bibliografiske detaljer
Institution som forfatter: International Monetary Fund
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1997.
Serier:IMF Staff Country Reports; Country Report ; No. 1997/015
Online adgang:Full text available on IMF
Beskrivelse
Summary:This paper reviews economic developments in Iceland during 1990-96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the expansion of the power intensive industry; and brisk increases in real wages over the past two years (1995-96). The paper highlights that the main sources of upside risks comprise the likely construction of a new aluminum smelter.
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Fysisk beskrivelse:1 online resource (139 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students