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

Motivation and Practical Suggestions

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 as well as procyclical revenue elasticities that... READ MORE...

Publication date: October 2007
ISBN 9781451867992
$18.00

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