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…
This article originally appeared as a part of my regular column at Kjarninn.is. The original article is still available here (in Icelandic). I plan on publishing all my articles here on my blog in English (with some delay). Please forgive any typos as I can only afford so much time on translating the articles. In…
This article originally appeared as a part of my regular column at Kjarninn.is. The original article is still available here (in Icelandic). I plan on publishing all my articles here on my blog in English (with some delay). Please forgive any typos as I can only afford so much time on translating the articles. A…
Heimat is a German word with no good English equivalent. It describes the relationship of a person to a specific geographic (or social) unit. I myself have few Heimat’s. Iceland is one of them and Eherenfeld, my neighbourhood in Germany is another. It is my view that Ehrenfeld is the nicest neighbourhoods in the city…
Dear reader, as you know, this blogger likes to write overly long posts with way too much detail and unnecessary content. As a result, many people do not read through. Therefore, if you do not care about who I am (which is totally understandable) or if you already know my story, then I recommend you…
In this post I want to tell you a story of a colleague of mine. His name is Adam and he is clever twenty something year old dude. Dark haired and tall with two degrees from Oxford and always carrying a great big friendly smile on his face. But on top of all of these…
One of the biggest headlines in the news last year must have been the Syrian refugee crises. Mostly as a direct results result of violent conflict or the indirect economic impact of war, millions of people have been forced to flee their homes and look for a better life elsewhere. Lots of discussion has been in relation to how…
