02 December 2002

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 the effects of domestic resource shocks under different exchange rate regimes in a simulated theoretical model of the Icelandic economy. Working Paper no. 19, by Howard Wall and Gylfi Zoëga, discusses the role of regional business cycles for the determination of the natural rate of unemployment. Working Paper no. 20, by Lúðvík Elíasson and Stephen Turnovsky, analyses an endogenous growth model with a renewable resource sector. Central bank of Iceland Working Papers are published on the web.