Seigniorage revenue and Turkish economy
AbstractIn our paper, we try to investigate the courses of inflation tax and seigniorage revenue for policy makers of the Turkish economy. For this purpose, we first construct an ex-ante seigniorage revenue maximizing inflation model, and then calculate annual inflation tax and seigniorage revenues for the post-1980 period Turkish economy. Following these theoretical issues, an empirical model is constructed upon the Turkish economy, and our expost estimation results reveal that inside the period considered, the Turkish economy lies on the correct or efficient side of the seigniorage maximizing Laffer curve.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20106.
Date of creation: 2006
Date of revision:
Publication status: Published in Cumhuriyet Üniversitesi İktisadi ve İdari Bililer Dergisi 2.7(2006): pp. 101-120
Seigniorage ; Inflation Tax ; Laffer Curve ; Turkish Economy ;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
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