RELATIVE PRICE DYNAMICS AND MONETARY POLICY: EVIDENCE FROM DIRECTED GRAPHS

Titus Awokuse

No 19794, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper examines the dynamic relationship between monetary policy variables and agricultural prices using alternative VAR-type model specifications. Time series techniques as currently specified in most studies raises issues of misspecification and inferential adequacy because observational (non-experimental) data are being analyzed by estimations techniques better suited for experimental data. Directed graph theory is proposed as an alternative modeling approach to supplement current methods of analyzing agricultural time series.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 25
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19794

DOI: 10.22004/ag.econ.19794

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