1983–2003 decaying rate of deflation at Askja caldera: Pressure decrease in an extensive magma plumbing system at a spreading plate boundary

New deformation data from the Askja volcano, Iceland, show that the volcano's caldera has been deflating continuously for over 20 years, and confirm that the rate of subsidence is slowing down. The decay in subsidence rate can be fitted with a function of the form e ^{− t / τ} , where τ is 39 years. Reanalysis of GPS data from 1993–1998 show that these data can be fitted with a model calling for two Mogi point sources, one shallow, and another one much deeper (16.2 km depth). Pressure decrease occurs in both sources. The deeper source is responsible for observed horizontal contraction towards Askja at distances that cannot be explained by the shallower source. Plate spreading of 19 mm/year distributed evenly over about 100-km-wide zone is also favoured by the data.