Inflation targeting, capital controls, and currency intervention in Iceland, 2012-2017
Sebastian Edwards finds that monetary policy in Iceland has been run in an effective way since approximately 2012 and contributed in a significant way to the recovery of the Icelandic economy. He then addresses two new instruments of monetary policy: currency intervention and capital controls. He re...
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| Veröffentlicht in: | The 2008 global financial crisis in retrospect |
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| 1. Verfasser: | |
| Pages: | 2008 |
| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2019
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| Schlagworte: | |
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Tag hinzufügen | Zusammenfassung: | Sebastian Edwards finds that monetary policy in Iceland has been run in an effective way since approximately 2012 and contributed in a significant way to the recovery of the Icelandic economy. He then addresses two new instruments of monetary policy: currency intervention and capital controls. He reviews the evidence for the efficacy of these instruments in other countries and suggests that the central bank make the policy framework clearer, possibly following the lead of the Reserve Bank of New Zealand, and that capital controls should be gradually lifted. |
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| ISBN: | 9783030123949 |