Modeling Small Change: A Review Article∗
نویسنده
چکیده
In The Big Problem of Small Change, Sargent and Velde apply a cashin-advance model to the history of coinage and to contemporary thought about coinage. They assert that their model accounts for puzzling observations involving the depreciation and disappearance of small coins. I question its usefulness for that purpose and for other issues pertaining to coinage. My main concern is that their model does not depict the problems usually associated with full-bodied coinage systems–problems that stem from the technological difficulties of having a full-bodied coinage system in which money is portable, divisible, durable, and recognizable. JEL classification: E42
منابع مشابه
Water Quality Modeling and Evaluation of Nutrient Control Strategies Using QUAL2K in the Small Rivers
Background: Qual2k is a stream water quality model and was used to evaluate the water quality of the Kine-Vars River and assess the response of the river to nutrient management strategies. Methods: For that purpose, 7 sample stations were selected and surface water samples were collected in the winter and summer of 2012 and were analyzed for temperature, dissolved oxygen, biological oxygen dem...
متن کاملA Review of the Effects of Climate Change with an Emphasis on Burden of Waterborne Diseases
Background and Purpose: Climate change has major impact on water cycle, resulting in effects on water resources, the frequency and severity of droughts, floods due to severe rainfall, natural environments, society, and economics and human health. In this paper, surveys on different models of climate change as well as the effects of climate change on the burden of waterborne diseases and also, ...
متن کاملModeling land use changes using Markov chain model and LCM model
Land use maps are considered as the most important sources of information in natural resource management. The purpose of this research is to review, model, and predict landslide changes in the 30-year period by LCM model in Shiraz. In this research, TM Landsat 4, 5 and OLI Landsat 8 images were used for 1985, 2000 and 2015 respectively, as well as topographic maps and area coverage. Subsequent ...
متن کاملEffect of Fructose Intake on Metabolic Biomarkers in Adults with Type 2 Diabetes Mellitus: A Systematic Review of Randomized Clinical Trial Studies
Introduction: Fructose is a lipogenic monosaccharide affecting glucose homeostasis and other metabolic biomarkers; however, there is conflicting evidence in this regard. The current systematic review aimed to determine the effects of fructose on metabolic biomarkers in individuals with T2DM using randomized clinical trial studies. Materials and Methods: In this systematic review study, after se...
متن کامل