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|z 9781451819335
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Iceland :
|b Selected Issues.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (46 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Given its small size and openness, the Icelandic economy has been subject to large shocks. Systematic coordination of monetary and fiscal policy, however, could help improve the inflation-output variability trade-off. The fiscal rule is designed to simultaneously ensure a consistently countercyclical fiscal stance and achieve a stable public debt target. The parameter values of the model are estimated from the quarterly data using a Bayesian technique. To assess how the introduction of the fiscal policy changes the inflation-output variability trade-off in Iceland, the paper compares the efficiency policy frontiers.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2006/297
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2006/297/002.2006.issue-297-en.xml
|z IMF e-Library
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