TY - BOOK ID - 84550055 TI - Iceland : Selected Issues Paper. PY - 2012 VL - no. 12/90 SN - 1475575920 1475523440 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Iceland KW - Economic conditions. KW - Inflation KW - Macroeconomics KW - Money and Monetary Policy KW - Public Finance KW - Production and Operations Management KW - National Government Expenditures and Related Policies: General KW - Fiscal Policy KW - Price Level KW - Deflation KW - Monetary Policy KW - Macroeconomics: Production KW - Public finance & taxation KW - Monetary economics KW - Currency KW - Foreign exchange KW - Expenditure KW - Inflation targeting KW - Fiscal stance KW - Fiscal policy KW - Prices KW - Monetary policy KW - Output gap KW - Production KW - Expenditures, Public KW - Economic theory UR - https://www.unicat.be/uniCat?func=search&query=sysid:84550055 AB - This selected issues paper on Iceland reports that since mid-2009, Iceland has undergone a heavily frontloaded fiscal consolidation program to bring government finances to a sustainable level. To maintain the adjustment gains achieved during the last 2½ years, the authorities have started drafting a new organic budget law, which would codify recent reforms in the budget framework and introduce principles for fiscal policymaking. Iceland’s economy is exposed to adverse shocks. The external outlook continues to pose challenges, as key trading partners face weak growth prospects. ER -