A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of reserve-augmenting seigniorage.

本文考察了储备需求所增加的铸币收益在货币内生增长模型中的增长效应。

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At the same time, the existence of seigniorage provides an institutional mechanism of elastic monetary supply for the society.

同时，铸币税又是一种弹性货币供给的制度形式。

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Denninger asserts that monetary sovereign issuers possess not only the privilege, but the obligation, of seigniorage, which Denninger refers to as bi-directional since sovereigns have the responsibility of maintaining a stable price level during times of both economic expansion and economic contraction.

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