INFLATION AND U.S. AGRICULTURE: A GENERAL EQUILIBRIUM ANALYSIS OF THE EVENTS OF 1973

Shun- Yi Shei and Robert L. Thompson

No 278279, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: An open general equilibrium econometric model of the U.S. economy, including a monetary sector, is used to decompose observed 1973 sectoral and aggregate price increases. In decreasing order the major causes found were: U.S. monetary expansion, the Soviet grain deal, dollar devaluation and the world crop. failure.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 15
Date: 1979-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278279

DOI: 10.22004/ag.econ.278279

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