Central Bank independence and financing government spending

Date
1998
Advisor
Instructor
Source Title
Journal of Macroeconomics
Print ISSN
0164-0704
Electronic ISSN
1873-152X
Publisher
Elsevier BV
Volume
20
Issue
1
Pages
133 - 151
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
Abstract

This paper incorporates the effect of the central bank's independence into the government's optimum financing model. When the implications of the hypotheses are tested for eighteen OECD countries, this paper shows that countries with higher levels of central bank independence generate less seigniorage revenue.

Course
Other identifiers
Book Title
Keywords
Seigniorage, Policy, Debt
Citation
Published Version (Please cite this version)