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Social sciences --- Social sciences. --- Iceland. --- Behavioral sciences --- Human sciences --- Sciences, Social --- Social science --- Social studies --- Republic of Iceland --- Ísland --- Lýðveldið Ísland --- Islandii︠a︡ --- Republik Island --- Eisland --- Civilization --- Aisland --- Aisland ka Fasojamana --- Cynewīse Īslandes --- Gweriniaeth Gwlad yr I --- Gwlad yr I --- Islanda --- Islande --- Islandi --- Islandia --- Islandii͡ --- İslandiya --- Islandska --- Islandya --- Islandyi͡ --- Islėnd --- Iylanda --- Peng-t --- Peng-tē Kiōng-hô-kok --- Rèpublica d'Islande --- Republica Islanda --- Republiek van Ysland --- Republika Islandii͡ --- Rėspublika Islandyi͡ --- Tin Bikéyah --- Tin Kéyah --- Ysland --- Aisurando --- Sciences sociales

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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 account deficits and credit downgrades early in 2007 caused little market disruption, in part reflecting a healthy financial sector. The exchange rate remained strong, and confidence in Icelandic banks stayed high.

Monetary policy --- Fiscal policy --- Finance --- Funding --- Funds --- Economics --- Currency question --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Government policy --- Iceland --- Aisland --- Aisland ka Fasojamana --- Aisurando --- Cynewīse Īslandes --- Eisland --- Gweriniaeth Gwlad yr Iâ --- Gwlad yr Iâ --- Ísland --- Islanda --- Islande --- Islandi --- Islandia --- Islandii︠a︡ --- İslandiya --- Islandska --- Islandya --- Islandyi︠a︡ --- Islėnd --- Iylanda --- Lýðveldið Ísland --- Peng-tē --- Peng-tē Kiōng-hô-kok --- Republic of Iceland --- Rèpublica d'Islande --- Republica Islanda --- Republiek van Ysland --- Republik Island --- Republika Islandii︠a︡ --- Rėspublika Islandyi︠a︡ --- Tin Bikéyah --- Tin Kéyah --- Ysland --- Рэспубліка Ісландыя --- Република Исландия --- Исланд --- Исланди --- Исландия --- Ислэнд --- Ісландыя --- アイスランド --- Economic conditions --- Economic policy. --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Industries: Financial Services --- Inflation --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Fiscal Policy --- International Lending and Debt Problems --- Macroeconomics: Consumption --- Saving --- Wealth --- Current Account Adjustment --- Short-term Capital Movements --- Price Level --- Deflation --- Banking --- International economics --- Currency --- Foreign exchange --- Fiscal stance --- External debt --- Loans --- Private consumption --- Financial institutions --- National accounts --- Prices --- Banks and banking --- Debts, External --- Consumption