Atlantic Economic Journal

, Volume 26, Issue 3, pp 252–258 | Cite as

Modeling the currency issue

  • Jerry Mushin


This paper, which includes a critique of an article that appeared in the [New Zealand]Reserve Bank Bulletin, considers the difficulties of building a forecasting model of the optimum structure of the currency (that is, notes and coins) in circulation. The reviewed model leads to predictions that are not consistent with recent experience and there are theoretical objections to the specification of both the independent and the dependent varibles. Alternative approaches are explored, but the conclusion is that this aspect of money is probably not amenable to mathematical modeling.


Mathematical Modeling International Economic Public Finance Recent Experience Forecast Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Atlantic Economic Society 1998

Authors and Affiliations

  • Jerry Mushin
    • 1
  1. 1.Victoria University of WellingtonNew Zealand

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