13. April 2010

How has households' position changed in the recent term and what can measures to support households achieve?

Yesterday, a symposium was held at the Central Bank of Iceland on the position of Icelandic households and what debt restructuring measures can achieve. Lead speakers were Karen Á. Vignisdóttir and Thorvardur Tjörvi Ólafsson, economists at the Central Bank of Iceland. The analysis presented in the symposium focused on estimating how households' ability to cover their debt service and living expenses has developed in the last couple of years. The effects of various debt restructuring measures were also examined.