Measuring the Fed's Revenue from Money Creation

10 Pages Posted: 17 Oct 2007 Last revised: 2 Dec 2022

See all articles by Robert J. Barro

Robert J. Barro

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: April 1982

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

Suggested Citation

Barro, Robert J., Measuring the Fed's Revenue from Money Creation (April 1982). NBER Working Paper No. w0883, Available at SSRN: https://ssrn.com/abstract=351409

Robert J. Barro (Contact Author)

Harvard University - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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