UNANTICIPATED MONEY GROWTH AND LIVESTOCK SUPPLY DECISIONS

Azzeddine Azzam and Emilio Pagaoulatos

No 278584, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: In this paper we follow Enders and Falks' approach for testing the hyPothesis that only unanticipated monetary policy affects real supply decisions in the U.S. livestock sector. Our empirical results indicate that their conclusions are not invariant to model specification or sample size. Utilizing Barro's procedure and by better accounting for the appropriate biological lags in livestock supply, we obtain only scant support for the money neutrality hypothesis.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 13
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278584

DOI: 10.22004/ag.econ.278584

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