Guðmundsson, Már; Andersen, Palle S. - Bank for International Settlements (BIS) - 1998
Iceland was a high inflation country from the second half of the seventies and until the middle of the eighties. During … the middle of the nineties inflation in Iceland, at less than 2% p.a., was among the lowest in the OECD. In this paper we … analyse the roots of high inflation in Iceland and the subsequent disinflation episode. We find that high inflation in Iceland …