Arrecadação do imposto inflacionário no período de 2000-2012

Abstract

This present paper analyses the subject of seigniorage and its importance in the Brazil’s public setctor financing and spending. Analyzes the seigniorage on the concept of tax Inflationary, which is one of three main ways to calculate seigniorage. Initially presents a historical concept to show the idea of seigniorage in the middle age until its modern concept, even in that moment the idea of seigniorage as a kind of tax emerges. Then make an approach to national accounts where we can check the forms of government revenue and its forms of indebtedness and presents as part of their financing can be covered by the inflation tax. Performs the measurement of inflation tax to Brazil in the period 2000-2012, using data available from the Fundação Getúlio Vargas and the Banco Central do Brasil. Presents the results and the fraction of GDP that is government ownership through monetary emission and finally suggested by the results, there is have an partial of monetary appropriation by the government through the inflationary acceleration under the concept of inflation tax.