seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …

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 …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …

seigniorage to finance its expenditures. This raises inflation which depresses investment and growth via a cash …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government’s reliance on …

intermediaries to examine the effects of alternative government financing schemes on growth, inflation, and welfare. We find that in … reduction in the rate of economic growth if it is financed with an increase in the seigniorage tax rate. Raising the seigniorage … tax base by means of an increase in the reserve requirement retards growth and has an ambiguous effect on inflation. An …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …. But a seeming puzzle arises of opposite Tobin-like inflation effects because theory indicates a negative Tobin effect when …

corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lackluster growth. Using annual … by low inflation, robust growth and low level of bureaucratic corruption due to better governance. In contrast, the …