Seigniorage revenues in the United Kingdom

Thornton, John (2023) Seigniorage revenues in the United Kingdom. Economia Internazionale. ISSN 2499-8265 (In Press)

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Alternative seignorage estimates for the UK for the period 1950-2021 show that these revenues have been generally very small in relation to total tax receipts and with respect to similar recent estimates for the USA. The introduction of interest payments on banks’ reserve balances in May 2006 and Quantitative Easing from 2009 sharply reduced opportunity cost seignorage revenues, but boosted, probably temporarily, revenues from monetary seignorage.

Item Type: Article
Uncontrolled Keywords: seigniorage,bank of england,uk treasury
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: LivePure Connector
Date Deposited: 10 Jan 2024 01:39
Last Modified: 13 Jan 2024 01:37

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