01738cas a2200241 a 4500 AALejournalIMF007794 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451921939 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary Indexation and Revenues from Money Creation : The Case of Iceland. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses the effects of monetary indexation on the revenues from monetization in Iceland. The paper starts by showing that monetization revenues fell sharply after indexation was introduced in 1979 and evaluates the different and partly ambiguous factors behind this development. The fiscal consequences are then examined in light of the fact that revenues from monetization have traditionally made up a substantial part of Government revenues in Iceland. Different policy options are simulated using the framework of the public finance approach to inflation. The simulations focus on the relation of fiscal deficits to inflation, output growth, and internal and external debt. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/020/001.1990.issue-020-en.xml IMF e-Library