Seigniorage

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Seigniorage

The amount of goods and services that the government obtains by printing new money in a given period. Often we consider this in real terms, by dividing the new money by the price level.

Seigniorage

The money a government generates when it prints more money. This usually is calculated as the difference between the face value of the money and the value of the bullion backing it.
References in periodicals archive ?
Because the Fed would have to generate adequate seinorage to ensure that the public's debt limit is not breached.
A locked-in and irreversible fiscal policy means that the Federal Reserve must eventually coordinate its policy to generate adequate seinorage revenues.
This revenue is in the form of inflation tax (m[pi]) and seinorage revenue ([]m).