Peter Bofinger, Julian Reischle, Andrea Schächter
Abstract
Abstract The concept of seigniorage plays an important role in monetary theory and policy. Although there are different definitions of seigniorage, they all try to capture the revenue that accrues to a government from the fact that it owns a national central bank.
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Abstract The concept of seigniorage plays an important role in monetary theory and policy. Although there are different definitions of seigniorage, they all try to capture the revenue that accrues to a government from the fact that it owns a national central bank.
Key concepts: Seigniorage, Inflation tax, Economics, Inflation (cosmology), Monetary economics, Revenue, Monetary policy, Central bank