If the economic growth and monetization were included in our model the tax rate of seigniorage would be the sum of the contribution rate of growth, the rate of monetization and the nominal rate.

如果考虑经济增长和货币化过程，铸币税的税率等于经济增长贡献率、货币化速度、和名义利率的加总。

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One reflected the cost of turning, say, an ounce of silver into a coin (this included minting costs plus a government coinage tax known as seigniorage).

ECONOMIST: The lessons of sound money from 1,000 years' experience