Decentralized Policymaking in a Long-Run Growth Model with Seigniorage and Taxes

Sugata Ghosh () and Iannis A Mourmouras

Bulletin of Economic Research, 1999, vol. 51, issue 3, 223-35

Abstract: The paper introduces decentralized policymaking into a game-theoretic model with output growth through capital accumulation, and in which the determination of taxes, seigniorage and the long-run growth rate of the economy reflects the strategic interactions between the government, the central bank and the private sector. The paper investigates, among other things, the impact on the long-run growth rate of a higher degree of inflation aversion of the central bank and a higher degree of inefficiency in the tax system. Copyright 1999 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:buecrs:v:51:y:1999:i:3:p:223-35

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0307-3378

Access Statistics for this article

More articles in Bulletin of Economic Research from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().