Eikonomics

  • Central Bank of Iceland has a predictable problem

    The Icelandic central bank has a tricky problem. They  have to make a long(ish) term predictions about inflation for the tiny island of Iceland. As Iceland makes almost nothing it consumes and most of what it makes is produced using resources from abroad The price level in Iceland is extremely sensitive to the depreciation of…

    Eiki

  • Which places in Iceland are most upset?

    Every now and then Iceland makes the world news. Usually the news about my little island nation are insignificant and complimentary. They tend to either report how happy we are, how old we get or how well our tiny little sport teams are doing. But sometimes, we also make the news for being really bad…

    Eiki

  • 5.2% of everybody saw Justin Timberlake last night—in Iceland

    Last night Justin Timberlake (JT) sent the roof flying of some unpronounceable sporting arena in Iceland. While a well-executed concert by one of my generation’s greatest pop icons is always good news I found the attendance statistic even more interesting. The concert was attended by no less than 17,000 people. That might sound like peanuts…

    Eiki