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Measuring the Fed's Revenue from Money Creation

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  • Robert J. Barro

Abstract

The 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 Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0883.

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Date of creation: Apr 1982
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Publication status: published as Barro, Robert J. "Measuring the Fed's Revenue from Money Creation." Economics Letters, (1982).
Handle: RePEc:nbr:nberwo:0883

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Cited by:
  1. Huang, Chao-Hsi & Lin, Kenneth S., 1993. "Deficits, government expenditures, and tax smoothing in the United States: 1929-1988," Journal of Monetary Economics, Elsevier, Elsevier, vol. 31(3), pages 317-339, June.
  2. Hughes Hallett, Andrew & Myrvin, Anthony, 2000. "Should Argentina Adopt The US Dollar?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2412, C.E.P.R. Discussion Papers.
  3. Jefferson, Philip N., 1998. "Seigniorage payments for use of the dollar: 1977-1995," Economics Letters, Elsevier, Elsevier, vol. 58(2), pages 225-230, February.
  4. E.J. Stevens, 1991. "Is there any rationale for reserve requirements?," Economic Review, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland, issue Q III, pages 2-17.

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