NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Measuring the Fed's Revenue from Money Creation

Robert J. Barro

NBER Working Paper No. 883
Issued in April 1982
NBER Program(s):   EFG

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

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Document Object Identifier (DOI): 10.3386/w0883

Published: Barro, Robert J. "Measuring the Fed's Revenue from Money Creation." Economics Letters, (1982). citation courtesy of

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