In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between …

economy such as Iceland. Estimated macroeconomic models of Canada, Iceland, New Zealand, the United Kingdom, and the United … illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of …

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 … underlying strains. To improve its fiscal framework, Iceland could look to the experience of countries like Belgium and the …

Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three …

data from a now-defunct bank in Iceland, where liquidity shocks were immense, to demonstrate how a combination of stress …

Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in macroeconomic policies and in …