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The Seigniorage [Seniorajul]

Author

Listed:
  • Cerna Silviu

    (Universitatea de Vest din Timişoara)

Abstract

In recent years, the main central banks of the world have applied an unconventional monetary policy, called quantitative easing. This policy is characterized by supplying the economy with large amounts of money and negative interest rates in order to stimulate demand growth and avoid the risk of deflation. It has also led to the improperly called “increase in the balance sheet of the central bank”.

Suggested Citation

  • Cerna Silviu, 2018. "The Seigniorage [Seniorajul]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
    • Handle: RePEc:oen:econom:y:2018:i:03-4:id:520
    as

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    More about this item

    Keywords

    central bank; currency creation; tax; interest rate; inflation rate; seigniorage;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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