Money and Agriculture: The Dynamics of Money Financial Market-Agricultural Trade Linkages

Author

David Orden (orden@vt.edu)

Agricultural Economics Research, 1986, issue 3

Abstract: This article investigates empirical relationships among the money supply, the interest rate, the exchange rate, the general price level, and agricultural exports and relative prices using three-and six-variable vector autoregressive models. Shocks to the money supply have little direct effect on agriculture, whereas positive interest rate, exchange rate, and general-price-level shocks have negative effects. The dynamic patterns characterizing monetary interactions with the financial variables do not preclude the possibility that monetary policies underlie the observed, interest rate and exchange rate Impacts, but the observed price-level shocks appear to be Independent ,of the money supply Agricultural exports and prices demonstrate little Impact on the macroeconomic variables.

Keywords: Macroeconomic-agricultural linkages; exchange rate effects on agriculture; inflation and agriculture; Agricultural Finance; Demand and Price Analysis (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://purl.umn.edu/149342 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:ueraer:149342

Access Statistics for this article

More articles in Agricultural Economics Research from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Series data maintained by AgEcon Search (aesearch@umn.edu).

For further details log on website :
http://econpapers.repec.org/article/agsueraer/149342.htm