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MONETARY IMPACTS ON PRICES IN THE SHORT AND LONG RUN: FURTHER RESULTS FOR THE UNITED STATES AgEcon
Choe, Young Chan; Koo, Won W..
This study examines the long-run neutrality of money and the short-run dynamics of farm and nonfarm prices to the monetary shock, using Johansen'’s approach. Results find a long-run equality of prices, but not neutrality. In the short-run, farm prices adjust faster than nonfarm prices to a monetary shock.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1993 URL: http://purl.umn.edu/30957
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A SURVEY OF MACROECONOMICS AND AGRICULTURE AgEcon
Choe, Young Chan.
In 1973, the Bretton-Woods Agreement collapsed and the U.S. dollar was allowed to float. Since then, agricultural economists have paid considerable attention to the relationship between agriculture and the macroeconomy. Indeed, the magnitude of macroeconomic policy impacts on agriculture have been among the most important and hotly disputed issues in agricultural economics during the past decade (Schuh 1974, 1976; Chambers, 1981; Rausser 1985; Orden 1986III). This paper undertakes a critical survey of previous literature on the macroeconomics of agriculture. The main controversies will be outlined and priorities for future research will be discussed. How agricultural variables are related to macroeconomics variables, and how government policies affect...
Tipo: Thesis or Dissertation Palavras-chave: Political Economy.
Ano: 1989 URL: http://purl.umn.edu/11209
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Monetary Impacts on Prices in the Short and Long Run: Further Results for the United States AgEcon
Choe, Young Chan; Koo, Won W..
Tipo: Technical Report Palavras-chave: Financial Economics.
Ano: 1992 URL: http://purl.umn.edu/121373
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