Iceland : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Iceland : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in 2005, declining only modestly in 2006. Record current... READ MORE...

Publication date: August 2007
ISBN 9781451819359
$18.00

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