IDEAS home Printed from https://ideas.repec.org/p/ags/quedwp/274638.html
   My bibliography  Save this paper

Mining Gold for the Currency during the Pax Romana

Author

Listed:
  • Hartwick, John

Abstract

We set out a simple four sector macro model of the economy of the Roman Empire during a period of considerable economic prosperity. Our focus is on gold coins as currency and the seignor- age which the government used to fund its activities. We solve numerically for a balanced growth representation of the economy of the empire, a solution that captures the intricacies of money creation, currency expansion and seignorage. We subscribe to the view that the exhaustion of low-cost gold and silver deposits contributed significantly to the ending of the economic prosper- ity enjoyed by Roman Italy and its provinces during the so-called Pax Romana (31 BC to 165 CE) and we attempt to capture sig- nificant shifts in variables during the decline.

Suggested Citation

  • Hartwick, John, 2013. "Mining Gold for the Currency during the Pax Romana," Queen's Economics Department Working Papers 274638, Queen's University - Department of Economics.
    • Handle: RePEc:ags:quedwp:274638
    DOI: 10.22004/ag.econ.274638
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/274638/files/qed_wp_1313.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.274638?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:quedwp:274638. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.