The Effects of Corruption and Seigniorage on Growth and Inflation

Judit Garcia Fortuny

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: In the last two decades, cases of corruption have been unveiled in different countries, raising public awareness and reinforcing a trend in which society expects more from their leaders. Our objective in this paper is to examine the effects of corruption and seigniorage on inflation and growth rates. The model used in this article is an extension of the model used by Huang and Wei (2006). We find interesting results and one of them is that, under some conditions, corruption has a positive impact on the growth rate. JEL classification : D73, E52, E58, E62. Keywords : Corruption; Fiscal Policy; Growth; Monetary Policy; Seigniorage.

Keywords: Corrupció; Política monetària; Bancs centrals; Política fiscal; Creixement econòmic (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-cba and nep-gro
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