The Seigniorage [Seniorajul]

Cerna Silviu
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Cerna Silviu: Universitatea de Vest din Timişoara

Revista OEconomica, 2018, issue 03-4

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”.

Keywords: central bank; currency creation; tax; interest rate; inflation rate; seigniorage (search for similar items in EconPapers)
JEL-codes: E4 E5 E6 H2 (search for similar items in EconPapers)
Date: 2018
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