Toward a Robust Fiscal Framework for Iceland : Motivation and Practical Suggestions /

Expenditure in Iceland, especially related to the government wage bill, has tended to move in a procyclical manner, related to the fragmentation of political decision making. Iceland's elevated macroeconomic volatility reinforces these tendencies, as large booms unleash greater fiscal pressures...

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Detalhes bibliográficos
Autor principal: Annett, Anthony
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2007.
Colecção:IMF Working Papers; Working Paper ; No. 2007/235
Acesso em linha:Full text available on IMF