Question
In the period between 2000 and 2007, China had inflation rates of about 5% per year, and GDP growth rates of about 11% per year.
In the period between 2000 and 2007, China had inflation rates of about 5% per year, and GDP growth rates of about 11% per year. Assume velocity of money did not change over the period
a. M0 (reserve money) was about 10% of GDP, how much seigniorage did the Central Bank earn as a percentage of GDP?
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
