Monetary Indexation and Revenues from Money Creation : The Case of Iceland

The Case of Iceland

Nopic
This paper discusses the effects of monetary indexation on the revenues from monetization in Iceland. The paper starts by showing that monetization revenues fell sharply after indexation was introduced in 1979 and evaluates the different and partly ambiguous factors behind this development. The fiscal consequences are then examined in light of... READ MORE...

Publication date: March 1990
ISBN 9781451921939
$10.00

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Publication date: March 1990

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