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The distribution of Seigniorage in The Netherlands

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Summary

This paper investigates the revenue from money and its distribution between the government and the central bank. An accounting framework is developed taking explicit account of stock and flow aspects of monetary revenue. Application of this framework to data for The Netherlands shows that although the overall revenue from money in the period 1949–1989 was sizeable, the central government did not really benefit from its monetary monopoly.

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Authors and Affiliations

  1. Department of Macroeconomics, University of Amsterdam, The Netherlands

    Casper Van Ewijk & Lambertus J. R. Scholtens

Authors
  1. Casper Van Ewijk
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  2. Lambertus J. R. Scholtens
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Additional information

Helpful comments by M.M.G. Fase and two anonymous referees are gratefully acknowledged.

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Van Ewijk, C., Scholtens, L.J.R. The distribution of Seigniorage in The Netherlands. De Economist 140, 446–469 (1992). https://doi.org/10.1007/BF01725239

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