seigniorage
noun[U]
ECONOMICS,MONEY(alsoseignorage)uk/ˈsiːnjərɪdʒ/ustheprofitthat agovernmentmakes fromprintingitsownmoney:
seignioragegains/income/revenue
| 单词 | seigniorage |
| 释义 | seigniorage noun[U] ECONOMICS,MONEY(alsoseignorage)uk/ˈsiːnjərɪdʒ/ustheprofitthat agovernmentmakes fromprintingitsownmoney: seignioragegains/income/revenue Examplesofseigniorageseigniorage This is in considerable contrast with a common image in other regions that authorities gained profits fromseigniorage. From theCambridge English Corpus A larger or more patient government considers at a greater extent the aggregate externality of issuing money, and hence must offset theseignioragebenefits. From theCambridge English Corpus Therefore, for a given price, the impatient government maximizesseigniorageby issuing money as rapidly as possible. From theCambridge English Corpus Anyseignioragerevenues s are assumed to be redistributed to young consumers in the form of a lump-sum transfer. From theCambridge English Corpus For instance, a larger government coalition internalizes at a greater extent the aggregate externality of issuing money, and hence enjoys lessseigniorage. From theCambridge English Corpus In equation (13), an increase in causes a decrease in theseignioragebenefits. From theCambridge English Corpus A currency board would be the next desirable choice becauseseigniorageis retained, but national control of monetary policy is effectively surrendered. From theCambridge English Corpus To achieve credibility, the government must offset the benefits ofseigniorageby internalizing some of the aggregate externalities generated by the issue of fiat money. From theCambridge English Corpus Further, the less patient government extracts more resources viaseigniorage, and therefore yields the more inflationary transition to fiat money regime. From theCambridge English Corpus More precisely, such aseignioragetransfer promotes irreversible but productive investment, so that it may mitigate the welfare cost of holding money due to inflation. From theCambridge English Corpus Agents pay aseignioragetax on foreign currency of 4% in our experiments. 28. From theCambridge English Corpus This drives down the equilibrium money stock to the level where the liquidity effect net of the price effect is matched by theseigniorageeffect. From theCambridge English Corpus This paper develops a dynamic model ofseignioragein which economies' equilibrium paths reflect the ongoing strategic interaction between an optimizing government and a rational public. From theCambridge English Corpus Further, the equilibrium level of money stock is lower than the one in the fixedprice case, which maximizes frequency of trade (or liquidity effect) andseigniorage. From theCambridge English Corpus What is true is that government assets always equal the present value of future public spending, and so, there is never a need to supplement the budget withseignioragerevenue. From theCambridge English Corpus These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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