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OECD Economic Surveys: Iceland 2006
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- Table of Contents
- Basic Statistics of Iceland
- Executive summary
- Assessment and recommendations
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Chapter 1. Policy challenges in sustaining improved economic performance
- + Trend growth has steepened…
- + … but growth has been volatile and accompanied by imbalances and tensions
- + Near-term economic prospects are surrounded by a number of risks…
- + … and decisions about further large-scale investments will be crucial to the medium-term outlook
- + Macroeconomic policy could help sustain healthy growth
- + Financial market liberalisation has boosted growth and needs to continue
- + Human capital development is crucial to maintaining a high relative standard of living
- + Other policy areas also need continued attention
- Annex 1.A1. Progress in structural reform
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Chapter 2. Improving the implementation of monetary policy
- + Inflation has exceeded its target
- + Higher policy rates have not been reflected in real lending rates
- + Inflation is expected to remain excessive…
- … which may require strengthening Central Bank accountability
- Other reasons for strengthening credibility
- The current stance of policy
- + Concluding remarks
- Bibliography
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Chapter 3. Improving fiscal management
- + Chapter 4. Building on the success of financial liberalisation
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Chapter 5. Adapting the education system to a changing environment
- + The changing structure of the economy requires adjustments in the area of human resources
- + Expenditure on education has been raised considerably
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Outcomes have improved but could be better
- + Reforms at the primary and secondary level
- + The transformation of higher education
- + Concluding remarks
- Bibliography
- + Annex 5.A1. PISA results for Iceland
This 2006 edition of OECD's periodic survey of Iceland's economy finds strong growth but large macroeconomic imbalances.After a general review of the macroeconomic situation, the survey examines in a more detailed way implementation of monetary policy, improving fiscal management, furthering financial liberalisation, and adapting the education system to a changing environment.
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Categories
Business & Economics > Economic Conditions
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Publication year : 2006
License: All rights reserved ©
Times read: 15

