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.

Exchange rate

  • USD
    128.12
  • GBP
    177.17
  • EUR
    152.90

Current account surplus 22.1 b.kr. in Q4/2020 – net IIP positive by 1,039 b.kr.

02 March 2021
In Q4/2020 the current account surplus measured 22.1 b.kr., as compared with a surplus of 2.9 b.kr. in the...

Information on the status of NOVIS

25 February 2021
The Financial Supervisory Authority of the Central Bank of Iceland (FSA Iceland) makes reference to press...

Minutes of the Monetary Policy Committee meeting of 1-2 February 2021

17 February 2021
In accordance with the Monetary Policy Committee Rules of Procedure, the minutes of the Committee's most...