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  1. OECD Economic Surveys: Iceland
  2. Volume 2006
  3. Issue 014
  4. OECD Economic Surveys: Iceland 2006
  5. Chapters
  6. Policy challenges in sustaining improved economic performance
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Volume 2006
Issue 014
OECD Economic Surveys: Iceland 2006
Chapters
Assessment and recommendations
Policy challenges in sustaining improved economic performance
Improving the implementation of monetary policy
Improving fiscal management
Building on the success of financial liberalisation
Adapting the education system to a changing environment
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Policy challenges in sustaining improved economic performance

Content Provider OECD iLibrary
Organization OECD
Abstract Iceland’s growth performance has considerably improved since the mid-1990s thanks to the widespread implementation of structural reforms. Financial-market liberalisation and privatisation, for example, have fostered entrepreneurship and investment. As a result, part of the previous relative decline in per capita GDP has been reversed over the past decade, and the country’s standard of living has remained among the highest in the OECD area. However growth has been volatile and accompanied by recurrent sizeable economic imbalances and tensions, only partly reflecting major aluminium-related investment projects. Consequently, a key challenge for policy is to enhance macroeconomic stability by ensuring an orderly unwinding of current imbalances and inflation pressures and avoiding their re-emergence in the future. Another challenge is to make sure that the financial sector continues to contribute to good economic performance by both minimising risks to stability and completing reforms in this area. Finally, the changing structure of the economy away from traditional activities like fisheries requires further efforts in the field of human resource development.
Page Count 25
Starting Page 19
Ending Page 38
Language English
Publisher OECD Publishing
Publisher Date 2006-08-09
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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