@article{Hartwick:274638,
      recid = {274638},
      author = {Hartwick, John},
      title = {Mining Gold for the Currency during the Pax Romana},
      address = {2013-08},
      number = {2110-2018-4448},
      series = {Working Paper No. 1313},
      pages = {50},
      year = {2013},
      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.},
      url = {http://ageconsearch.umn.edu/record/274638},
      doi = {https://doi.org/10.22004/ag.econ.274638},
}