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

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 frontie...

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Bibliographic Details
Main Author: Honjo, Keiko
Other Authors: Hunt, Benjamin
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2006.
Series:IMF working paper ; WP/06/262.
Subjects:
Online Access:Click for online access

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100 1 |a Honjo, Keiko. 
245 1 0 |a Stabilizing inflation in Iceland /  |c prepared by Keiko Honjo and Benjamin Hunt. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2006. 
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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/06/262 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a 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 
546 |a English. 
650 0 |a Inflation (Finance)  |z Iceland. 
650 0 |a Finance  |z Iceland. 
650 7 |a Finance  |2 fast 
650 7 |a Inflation (Finance)  |2 fast 
651 7 |a Iceland  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJv8BMtRgpqP3vfbrdChHC 
700 1 |a Hunt, Benjamin. 
758 |i has work:  |a Stabilizing inflation in Iceland (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGy8XygkdrYjYh3JpkGcrm  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Honjo, Keiko.  |t Stabilizing inflation in Iceland.  |d Washington, D.C. : International Monetary Fund, European Dept., ©2006  |w (OCoLC)106301292 
830 0 |a IMF working paper ;  |v WP/06/262. 
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