THE IMPACTS OF MONETARY POLICY ON THE MAIZE AND BEEF SECTORS OF SOUTH AFRICA I: THEORETICAL FOUNDATIONS AND MODEL SPECIFICATION

V. Y. Dushmanitch and M. A. G. Darroch

Agrekon, 1991, vol. 30, issue 3

Abstract: A general equilibriu~ simult~neo~s equations model is specified to analyse the impacts of monetary policy on the maize and beef sectors. Fou~ key macro vanables w~1ch h_nk monetary policy to agriculture - the interest rate, exchange rate, inflation rate and real income _ are s~ud1ed. The exchange rate, mflahon rate_ and real income are determined endogenously within the model which contains money and foreign exchang~ markets and a manufa_ctunng sector_ (macro sector~, and the maize and beef sectors (agricultural sector). Macro linkages whereby the impacts of monetary policy are transmitted to the maize and beef sectors are discussed and simulated.

Keywords: Crop Production/Industries; Financial Economics; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267371

DOI: 10.22004/ag.econ.267371

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