THE RELATIVE IMPACT OF NATIONAL MONETARY POLICIES AND INTERNATIONAL EXCHANGE RATE ON LONG-TERM VARIATIONS IN RELATIVE AGRICULTURAL POLICIES

Guedae Cho, MinKyoung Kim and Won W. Koo

No 23495, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This paper seeks to explain the causes of the long-term variation in food and agricultural prices compared to the overall price level in the United States, over the period of 1974-1996. Using cointegration methods, this study confirms a general consensus of long-run neutrality of national money (money supply) and gives practical evidence of the real impact of international money (exchange rate) on the long-term variation of relative agricultural price in the United States, especially during the 1974-1988 period.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Pages: 19
Date: 2004
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23495

DOI: 10.22004/ag.econ.23495

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