financing, namely seigniorage and deforestation revenues. First, we develop a theoretical model emphasizing a substitution … effect between seigniorage and deforestation revenues. Second, a panel-data econometric analysis over the 1990-2010 period … confirms our findings. Consequently, a tighter monetary policy hastens deforestation. Third, we extend the theoretical model …

seigniorage. Building on a simple theoretical model where governments target inflation and aim at reducing deforestation while … minimising a welfare loss function, we exhibit the potential substitution effect between seigniorage and deforestation revenues …. Regressions run on a panel of developing countries show that there exists a non-negligible substitution effect between seigniorage …

seigniorage. Building on a simple theoretical model where governments target inflation and aim at reducing deforestation while … minimising a welfare loss function, we exhibit the potential substitution effect between seigniorage and deforestation revenues …. Regressions run on a panel of developing countries show that there exists a non-negligible substitution effect between seigniorage …

financing, namely seigniorage and deforestation revenues. First, we develop a theoretical model emphasizing a substitution … effect between seigniorage and deforestation revenues. Second, a panel-data econometric analysis over the 1990-2010 period … confirms our findings. Consequently, a tighter monetary policy hastens deforestation. Third, we extend the theoretical model …

is little evidence regarding its impact on inflation. In this study, the nexus between corruption and inflation was … investigated for 20 countries over the period 1995–2015. Estimation results indicated that high corruption increased inflation … rates, and that there was a unidirectional causal relationship from corruption to inflation for ten countries in the sample. …

. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption … countries with regard to the level of corruption. -- Exchange rate regime ; monetary policy ; fiscal policy ; seigniorage …

. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption … ; Seigniorage, Corruption ; Developing and Transition Countries …