Measuring the Fed's Revenue from Money Creation

Robert Barro

No 883, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The national accounts include the Fed's payments to the Treasury as a component of corporate taxes. These payments constituted 22% of reported corporate profits taxes in 1981. This paper discusses alternative concepts of inflationary finance. Measures for these concepts are reported for the post-World War I1 period

Date: 1982-04
Note: EFG
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Published as Barro, Robert J. "Measuring the Fed's Revenue from Money Creation." Economics Letters, (1982).

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