Vol. 7 no. 2 June 2005
Download the whole book (830 KB)
Contents and editorial information (159 KB)
Introduction
To be successful, monetary policy must be forward-looking (43 KB)
Economic and monetary developments and prospects
Inflation outlook has deteriorated two years ahead (319 KB)
Financial markets and Central Bank measures
Lively foreign exchange market (93 KB)
Birgir Ísl. Gunnarsson
Successful economic policies must not be abandoned for short-term fixes (89 KB)
Gudmundur Gudmundsson
Risks in higher loan-to-value ratios of housing (75 KB)
Monetary policy and instruments (59 KB)