This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage)before and in the … monetary policies are seeing their gradual“normalization.”Seigniorage exposes the connections between currency issuance and … normal times seigniorage largely derives from the note issue supplementedby “own” resources. Essentially, the central bank …

This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the … as monetary policies are seeing their gradual "normalization". Seigniorage exposes the connections between currency … seigniorage, and in normal times seigniorage largely derives from the note issue supplemented by "own" resources. Essentially, the …

This study investigates the evolution of central bank profits as fiscal revenue - or: seigniorage - before and in the … monetary policies are seeing their gradual "normalization". Seigniorage exposes the connections between currency issuance and … public finances, and between monetary and fiscal policies. Central banks' financial independence rests on seigniorage, and in …

1980s. While these views have merit, they tend to overlook the seigniorage from money creation. Using the Cagan model and … government used seigniorage to pursue a revenue-maximizing inflation tax. The results have two implications. First, monetary …