- All Journals
- Al-Qadisiyah University
- Basrah University
- Kirkuk University
- Mosul University
- The Iraqi Borad for Medical Specialization
- University of Anbar
- University of Technology
- Al Mustafa University
- Al-Zahraa University for Women
- Alnoor University
- Kunooz University
- Misan University
- Ninevah University
- Tikrit University
- University of Al-Hamdaniya
- University of Kerbala
Analysis Study For The Fiscal Effects of Seigniorage In Iraq For The Period (1991-2016) (Testing The Optimal Seigniorage Theory) | ||
| Journal of Administration and Economics | ||
| Article 1, Volume 0, Issue 114, 2018, Pages 55-70 | ||
| Authors | ||
| M.D. Ahmed Abdel-Zahra Hamdan; M.D. Safa Ali Hussein | ||
| Abstract | ||
| It is often emphasized that seigniorage financing the public sector deficits and it is technically a “free lunch” if the economy has not attained the full employment levels. However, conservative macroeconomic policies in many emerging and developing economies, especially in the last two decades, have moved away from seigniorage financing to debt financing the deficits to give greater autonomy to the central banks. Against this backdrop, the paper analyses seigniorage and inflation tax for two period before and after 2003 by constructing a seigniorage laffer curve, and then testing the optimal seigniorage theory in Iraq for same period . So we estimate a seigniorage laffer curve equation before 2003 by using Autoregression Model and after 2003 by Toda & Yamamoto Model to investigating if a seigniorage-maximizing inflation rate or minimizing it . Key Words: Seigniorage, Inflation Tax , Fiscal Theory of The Price Level , Seigniorage Laffer Curve , Optimal Seigniorage Theory . | ||
| Keywords | ||
| Accounting Axis | ||
|
Statistics Article View: 190 PDF Download: 115 |
||