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Macroeconomic Council

The objective of the Macroeconomic Council is to strengthen the coordination of economic policy with decisions in the labour market, taking into account economic and social stability and effects on climate. The Macroeconomic Council shall discuss the economic situation and the shared context of public sector finances, monetary policy, and labour market issues in connection with key aspects of economic policy.

Members of the Council are: Chairmen of the parties in government, but always the Prime Minister and the Minister of Finance and Economic Affairs, along with leaders of the Confederation of Labour, Association of Academics, Federation of Public Worker Unions, Teacher´s Union, Confederation of Icelandic Employers, Association of Local Authorities and Central Bank of Iceland.

Macroeconomic Council minutes

Economic issues and public finances

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