aggregates; for estimating the net benefits of seigniorage earnings of the Federal Reserve; for forecasting changes in output and …

The goal of this study is to test the implication of optimal seigniorage theory that in the long run higher tax rates … 1980-2011. We estimate the Mankiw’s (1987) optimal seigniorage model for Turkish Economy with the cointegration and vector …

In this paper a comprehensive framework for measuring total gross seigniorage as suggested by Neumann was employed to … and seigniorage for the 1996-2005 period and shows how analogous this relationship is to the popular Laffer curve … comprising seigniorage generation and inflation rates for Ghana. The main findings of this study are that, in Ghana, economic …

In our paper, we try to investigate the courses of inflation tax and seigniorage revenue for policy makers of the … Turkish economy. For this purpose, we first construct an ex-ante seigniorage revenue maximizing inflation model, and then … calculate annual inflation tax and seigniorage revenues for the post-1980 period Turkish economy. Following these theoretical …

The paper reviews the trend of seigniorage earnings by State Bank of Pakistan and commercial banks. It is found that … seigniorage revenue of the SBP has declined overtime which indicates autonomy of the central bank as well as less reliance of the … government on SBP’s resources for budget financing. In general, a direct relationship has been observed between seigniorage and …

it involves the elimination of central bank seigniorage and hence, of the government spending based on this seigniorage … government does have the option of benefiting from commercial bank seigniorage by borrowing it countercyclically as implied by …

it involves the elimination of central bank seigniorage and hence, of the government spending based on this seigniorage … government does have the option of benefiting from commercial bank seigniorage by borrowing it countercyclically as implied by …

Seigniorage compensation for Swaziland is found to depend on Emalangeni in circulation in Swaziland besides the obvious … Swaziland at time t decreases seigniorage compensation by 0.186 percent and a percent increase in Emalangeni in circulation at … time t-1 decreases seigniorage compensation by 0.134 percent through both substitution and base effects respectively. Thus …