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Central Bank of Iceland Working Papers

Central Bank of Iceland Working Papers no.18-20 have been published. In Working Paper no. 18, Tór Einarsson compares theeffects of domestic resource shocks under different exchange rate regimes in asimulated theoretical model of the Icelandic economy. Working Paper no. 19, byHoward Wall and Gylfi Zoëga, discusses the role of regional business cyclesfor the determination of the natural rate of unemployment. Working Paper no. 20,by Lúðvík Elíasson and Stephen Turnovsky, analyses an endogenous growth modelwith a renewable resource sector. Central bank of Iceland Working Papers are published on the web.