developing country set-up where the government employs seigniorage revenue to finance spending pre-stabilization, and faces …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the … strategies. Our results are robust to a wide range of sensitivity tests. -- Corruption ; seigniorage ; inflation ; growth. …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …