Seigniorage revenues in the United Kingdom

John Thornton

Seigniorage revenues in the United Kingdom

John Thornton

University of East Anglia

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

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Alternative seignorage estimates for the UK for the period 1950-2021 show that these revenues have been generally very small in relation to total tax receipts and with respect to similar recent estimates for the USA. The introduction of interest payments on banks’ reserve balances in May 2006 and Quantitative Easing from 2009 sharply reduced opportunity cost seignorage revenues, but boosted, probably temporarily, revenues from monetary seignorage.

Iaith wreiddiol	Saesneg
Tudalennau (o-i)	483-494
Nifer y tudalennau	12
Cyfnodolyn	Economia Internazionale/International Economics
Cyfrol	77
Rhif cyhoeddi	4
Statws	Cyhoeddwyd - Tach 2023
Cyhoeddwyd yn allanol	Ie

Mynediad at Ddogfen

https://www.iei1946.it/article/1169/seigniorage-revenues-in-the-united-kingdom

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title = "Seigniorage revenues in the United Kingdom",

abstract = "Alternative seignorage estimates for the UK for the period 1950-2021 show that these revenues have been generally very small in relation to total tax receipts and with respect to similar recent estimates for the USA. The introduction of interest payments on banks{\textquoteright} reserve balances in May 2006 and Quantitative Easing from 2009 sharply reduced opportunity cost seignorage revenues, but boosted, probably temporarily, revenues from monetary seignorage.",

keywords = "Seigniorage, Bank of England, UK Treasury",

author = "John Thornton",

year = "2023",

month = nov,

language = "English",

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AB - Alternative seignorage estimates for the UK for the period 1950-2021 show that these revenues have been generally very small in relation to total tax receipts and with respect to similar recent estimates for the USA. The introduction of interest payments on banks’ reserve balances in May 2006 and Quantitative Easing from 2009 sharply reduced opportunity cost seignorage revenues, but boosted, probably temporarily, revenues from monetary seignorage.

KW - Seigniorage

KW - Bank of England

KW - UK Treasury

M3 - Article

SN - 2499-8265

VL - 77

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JO - Economia Internazionale/International Economics

JF - Economia Internazionale/International Economics

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Seigniorage revenues in the United Kingdom

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Mynediad at Ddogfen

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