Construct · 1 fields · 1 citations

seigniorage: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
seigniorage1 CONSTRUCTSeigniorageCLICK · 1998

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Monetary economics

Government revenue from issuing money

Seigniorage is the real revenue a government earns by issuing money (the gap between the purchasing power of the money it creates and the near-zero cost of creating it), which, when money growth drives inflation, operates as an implicit 'inflation tax' on holders of currency. Click's 1998 Seigniorage in a cross-section of countries estimated how much governments actually raise this way. The referent is a source of fiscal revenue tied to money creation, measured as a share of output or spending, and it anchors monetary-fiscal analyses of inflation.[1]

Unit
The real revenue from money creation, often as a share of GDP or of government spending
Recovery means
Not applicable
Measured by
Computed from base-money growth times real balances, or as the inflation tax on money holdings

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Nearby constructs

click1 fields · 1 citationsanchor · a standalone constructcost4 fields · 4 citationsjingle · one word, four constructsgovernment2 fields · 3 citationsjingle · one word, two constructs

References

  1. Click, R. W. (1998). Seigniorage in a cross-section of countries. Journal of Money, Credit and Banking, 30(2), 154–171. https://doi.org/10.2307/2601207

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