We contribute to the literature on saving in retirement by studying the saving behavior of retirees in Iceland, a country where health care and nursing homes ares free of charge. This removes some of the precautionary motive for saving, leaving the bequest motive and other inter-generational...

This document presents Eurostat's assessment of the quality of national and regional accounts data submit-ted by the EU Member States, as well as Iceland, Norway and Switzerland, in 2023. It also includes information on the quality of key European aggregates published by Eurostat. The euro area...

Key figures on European business presents a selection of business statistics for the European Union (EU), EU countries and EFTA countries. For some readers, this publication may offer an introduction to European business statistics, while others can use it as a starting point to explore further...

Key figures on European business presents a selection of business statistics for the European Union (EU), EU countries and EFTA countries. For some readers, this publication may offer an introduction to European business statistics, while others can use it as a starting point to explore further...

The current study provides comprehensive data on 2022 retail prices of fixed and mobile broadband offers for consumers in the EU27, the United Kingdom, Iceland, Norway, Japan, South Korea and the USA. The five largest Internet Service Providers (ISPs) and the three largest Mobile Network...

The current study provides comprehensive data on 2022 retail prices of fixed and mobile broadband offers for consumers in the EU27, the United Kingdom, Iceland, Norway, Japan, South Korea and the USA. The five largest Internet Service Providers (ISPs) and the three largest Mobile Network...

This VET policy brief produced by Cedefop presents a snapshot of vocational education and training policy developments in Iceland between 2020 and the beginning of 2023. It presents the context and the challenges the country faces, a selection of the latest VET-related statistics, as well as the...

Economic Developments. Following an impressive recovery from the covid pandemic and commodity price shocks in recent years, a coordinated tightening of monetary and fiscal policies has successfully slowed domestic demand growth, strengthened the current account, and started to lower inflationary...

We contribute to the literature on saving in retirement by studying the saving behavior of retirees in Iceland, a country where health care and nursing homes ares free of charge. This removes some of the precautionary motive for saving, leaving the bequest motive and other inter-generational...

We take advantage of a unique experiment that took place in Iceland in 2015. Following the collapse of the country's banking system in 2008, the authorities decided on a program of mortgage relief that in effect lowered the principal of mortgages overnight. What sets our experiment apart from...

Iceland is one of the Western countries that have experienced an unexpected fertility decrease in the 2010s. In this study, the aggregate Icelandic fertility decline is dissected to explore which fertility components are the main drivers behind the decline since 2010 in order to better...

By 2008, the Icelandic banking system had become so large and heavily exposed to foreign liabilities that the Central Bank of Iceland (CBI) lacked sufficient foreign reserves to serve as a credible lender of last resort. During the first quarter of 2008, the CBI, in an effort to bolster...

This report provides new projections, to 2026, of remote work rates and the accompanying macroeconomic implications for the EU27, Switzerland, Iceland, Norway, Republic of North Macedonia, Turkey and the UK. Remote work covers a range of practices but few are straightforward to quantify...

User rights in fisheries refer to the rights of fishers to harvest from fish resources. In terms of exclusivity, security, duration and transferability these rights can be strong or they can be weak. For this a definition of and a measure of the strength of user rights is needed. We refer to...

This paper for Iceland presents Detailed Assessment on Basel Core Principles (BCP) for Effective Banking Supervision. The Ministry of Finance and Economic Affairs/parliamentary budgetary processes that is a legacy funding structure from the prior Fjármálaeftirlit hamper Central Bank of...

This technical note analyses the key aspects of the regulatory and supervisory regime for pension funds in Iceland. Pension funds in Iceland play a vital role in the domestic financial sector, acting as investors and lenders. This Financial Sector Assessment Program (FSAP) reviews recent...

This technical note focuses on financial safety net crisis management in Iceland. This paper assesses and makes recommendations regarding the different elements of the financial safety net in Iceland. The scope of the assessment includes the institutional arrangements for recovery, resolution,...

This technical note focuses on cyber and operational resilience, supervision and oversight in Iceland. The Icelandic financial sector has not experienced seriously disruptive cyber-attacks or operational issues in recent years, but threats are growing. Iceland's dependence on international...

This technical note highlights macroprudential policy in Iceland. Macroprudential policy in Iceland recently has centered on the property market, given the importance of this market for households' balance sheets, banks' loan portfolios, and the potential systemic risks. The Central Bank of...

This technical note on Iceland presents analyses management and supervision of climate-related financial risks in the banking sector. The Icelandic authorities are committed to addressing climate change issues and reaching ambitious objectives to reduce greenhouse gas emissions. Domestic...

This technical note analyses anti-money laundering/combating the financing of terrorism (AML/CFT) in Iceland. Iceland's banking sector is comparatively small, and the geographical reach of cross-border payments activity is limited. The AML/CFT supervisory understanding and assessment of ML and...

This technical note on Iceland focuses on Stress Testing and Systemic Risk Analysis. The Financial Sector Assessment Program took place against the background of a strengthened financial sector in Iceland amid heightened uncertainty in the global economy. The Icelandic financial landscape has...

This paper presents Iceland's Financial System Stability Assessment. Iceland has made solid progress since the 2008 crisis and the last Financial Sector Assessment Program update in restructuring banks and implementing important financial sector reforms. It has transposed many EU Directives and...

The 2023 Article IV Consultation discusses that the Icelandic economy has shown remarkable resilience and rebounded quickly from the multiple shocks in recent years. The economy is currently operating well above potential, which, together with high import and house prices, has pushed inflation...

This document presents Eurostat's assessment of the quality of the national and regional accounts data submitted by Member States, Iceland, Norway and Switzerland in 2022. It also includes information on the quality of key European aggregates published by Eurostat. The quality report contains...

Key figures on European business presents a selection of key business statistics indicators for the European Union (EU) and its individual Member States, as well as the EFTA countries. This publication may be viewed as an introduction to European business statistics and provides a starting point...

Key figures on European business presents a selection of key business statistics indicators for the European Union (EU) and its individual Member States, as well as the EFTA countries. This publication may be viewed as an introduction to European business statistics and provides a starting point...