首页    期刊浏览 2025年07月04日 星期五
登录注册

文章基本信息

  • 标题:The generation and distribution of central bank seigniorage in the Czech Republic, Hungary and Poland
  • 本地全文:下载
  • 作者:Eduard Hochreiter ; Riccardo Rovelli
  • 期刊名称:PSL Quarterly Review
  • 印刷版ISSN:2037-3643
  • 出版年度:2002
  • 卷号:55
  • 期号:223
  • 语种:English
  • 出版社:Economia civile
  • 摘要:We measure the amount of central bank seigniorage generated in three economies in transition and inquire to what extent seigniorage ultimately accrues to the government. We relate our findings to the institutional environment of the three countries. We find that, in parallel to the process of disinflation, seigniorage has declined substantially in the 1990s in all three countries under consideration pointing to more monetary discipline and a strengthening of central bank independence. Only in Hungary seigniorage benefited the government to a significant amount. We interpret this as being the consequence of past policies, rather than an obstacle to further disinflation.   JEL Codes: E58, P24, E31, E52, P21, P34, P35Keywords: Disinflation, Monetary
  • 关键词:Disinflation, Monetary;E58, P24, E31, E52, P21, P34, P35
国家哲学社会科学文献中心版权所有