Measuring the Fed's revenue from money creation
AbstractThe national accounts include the Fed's payments to the Treasury as a component of corporate taxes. These payments constituted 22% of reported corporate profits taxes in 1981. This paper discusses alternative concepts of inflationary finance. Measures for these concepts are reported for the post-World War I1 period
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 10 (1982)
Issue (Month): 3-4 ()
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Web page: http://www.elsevier.com/locate/ecolet
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