English, Article, Journal or magazine article edition: Inflation and seigniorage in Argentina Kiguel, Miguel A.; Neumeyer, Pablo Andres

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/115336
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Inflation and seigniorage in Argentina
Author
  • Kiguel, Miguel A.
  • Neumeyer, Pablo Andres
Physical Description
  • preprint
Notes
  • Argentina, where increases in inflation appear to be closely linked to government attempts to raise seigniorage, was chosen for this study because of its persistent high rates of inflation and its fiscal imbalance. Monetization of fiscal deficits becomes a major force for creating money and inflation in countries with limited access to domestic and foreign credit. The authors found that inflation in Argentina played an important role in generating public sector revenues. The authors found that at the revenue maximizing rate of inflation, the government can get seigniorage of about 7.5 % of GDP in steady state. Between June 1978 and April 1985, there was a clear, positive relation between inflation and the inflation tax for rates of inflation below 18 %. At the 20 % range, the inflation tax ranged from 7 to 10 % of GDP. Increases in inflation above 20 % do not give the government more inflation tax revenues. The direct implication of this situation is that any serious stabilization effort requires finding an alternative source of revenue to replace the inflation tax.
  • Economic Theory&​Research,Environmental Economics&​Policies,Banks&​Banking Reform,Insurance&​Risk Mitigation,Fiscal&​Monetary Policy
  • RePEc:wbk:wbrwps:289
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment