Vol. 13 no. 4 2 November 2011
Statement of the Central Bank of Iceland Monetary Policy Committee
Economic and monetary development and prospects
Domestic recovery in times of global uncertainty
I Inflation outlook and monetary policy
II External conditions and exports
Box IV-1 Why did Iceland’s potential output contract in the wake of the financial crisis?
VI Labour market and wage developments
Box VI-1 The flexibility of the Icelandic labour market and migration flows
Box VI-2 Is the increase of equilibrium unemployment reversing?
VIII Price developments and inflation outlook
Appendix 1 Baseline macroeconomic and inflation forecast 2011/4
Appendix 2 The Central Bank of Iceland forecasting record
Monetary policy and instruments