Ercolani, Marco G. (contributor) - 2007
/shadow/underground economy, seigniorage
Correspondence: Marco G. Ercolani, Department of Economics, University of Birmingham, UK B15 … seigniorage revenue, to total taxable output. It therefore includes all direct
and indirect taxes but excludes any taxes on liquid … economic literature. The first refers to the formal links be-
tween seigniorage and the liquidity tax-rate. The second strand …