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Seigniorage revenue and Turkish economy

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  • Levent, Korap

Abstract

In 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 Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20106.

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Date of creation: 2006
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Publication status: Published in Cumhuriyet Üniversitesi İktisadi ve İdari Bililer Dergisi 2.7(2006): pp. 101-120
Handle: RePEc:pra:mprapa:20106

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Keywords: Seigniorage ; Inflation Tax ; Laffer Curve ; Turkish Economy ;

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References

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Cited by:
  1. doğru, bülent, 2013. "Seigniorage Revenue and Inflation Tax in Turkish economy," MPRA Paper 45538, University Library of Munich, Germany.
  2. Adenutsi, Deodat E., 2007. "The policy dilemma of economic openness and seigniorage-maximizing inflation in dollarised developing countries: The Ghanaian experience," MPRA Paper 37134, University Library of Munich, Germany.
  3. dogru, bulent, 2013. "Seigniorage Revenue and Inflation Tax: Testing Optimal Seigniorage Theory for Turkish Economy," MPRA Paper 47885, University Library of Munich, Germany.

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