Working paper no. 85: Exchange rate pass-through, monetary policy, and real exchange rates: Iceland and the 2008 crisis
The Central Bank of Iceland has published a research paper where two aspects of exchange rate pass-through are analysed using Icelandic data. The results show that the pass-through declined around the time Iceland reformed its “flexible inflation targeting,” and that the coefficients are significantly higher for tradable than for nontradable goods. Authors are Sebastian Edwards and Luis Cabezas from the University of California.
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Current account surplus 22.1 b.kr. in Q4/2020 – net IIP positive by 1,039 b.kr.
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In Q4/2020 the current account surplus measured 22.1 b.kr., as compared with a surplus of 2.9 b.kr. in the...
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