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The research work presented below addresses the possible concern of central bank independence through the development and application of econometric models. The complexity of the modelling has allowed a step further in corroborating that financial independence is not only linked to the...
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reduction in the rate of economic growth if it is financed with an increase in the seigniorage tax rate. Raising the seigniorage … the required seigniorage tax rate alternative would. Switching from seigniorage to income taxation as a source of … increase in the government spending requirements is by means of a marginal increase in the seigniorage tax rate. Finally, under …
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