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| Meyer, Stefan; Yu, Xiaohua. |
| Using a modified Fisher-Seater model with consideration of policy impacts, this paper attempts to tests the long-run neutrality of money supply on food prices in Germany after the launching of the Eurozone. The main findings include: (1) we can not reject the super neutrality of money for aggregated food prices; (2) However, staple food and its derived products – meat- are very sensitive to money supply, and their prices can increase to be much higher than money growth rate, perhaps due to speculative effects and demand effects; (3) Fresh or perishable products are usually less sensitive to money growth; (4) Most products decreased their prices after the launching of decoupling policy in Europe in 2003. The results can explain the links between money... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Money supply; German food prices; CAP; Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/114640 |
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| Miljkovic, Dragan; Garcia, Roberto J.. |
| Efforts to stabilized employment and output in the agricultural sector of Yugoslavia through monetization contributed to inflationary pressures. Granger causality tests suggested that increases in the rate of growth in the supply of money to subsidize state-owned agribusiness were insufficient to maintain purchases of wheat and corn, but did cause purchases of cattle and swine. This result may be explained by producers having more flexibility in grain marketing (i.e., storage options and private buyers) and the perishability issues related to livestock marketing. The policy to maintain employment through monetization is shown to have been ineffective. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Employment; Granger causality; Inflation; Money supply; State purchases; Yugoslavia; Agribusiness. |
| Ano: 1996 |
URL: http://purl.umn.edu/15123 |
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