Corruption, inflation and growth

Keith Blackburn, Jonathan Powell

Research output: Contribution to journalArticlepeer-review

31 Citations (Scopus)
214 Downloads (Pure)


We present a model in which the embezzlement of tax revenues by public officials leads the government to rely more on seigniorage to finance its expenditures. This raises inflation which depresses investment and growth via a cash-in-advance constraint.
Original languageEnglish
Pages (from-to)225-227
Number of pages3
JournalEconomics Letters
Issue number3
Early online date23 Jul 2011
Publication statusPublished - Dec 2011

Bibliographical note

© 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International


  • Corruption
  • Inflation
  • Seigniorage
  • Growth

ASJC Scopus subject areas

  • Economics and Econometrics


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