Agricultural Interest Rates and Inflationary Expectations: A Regional Analysis

Theodore Covey and Ronald A. Babula

Journal of Agricultural Economics Research, 1990, vol. 42, issue 4, 8

Abstract: The Fisherian hypothesis was tested for four regional agricultural interest rates in the 11th Federal Reserve District (Dallas). These interest rates represented agricultural loans of different terms to maturity. Shocks in expected inflation resulted in positive but less than equivalent responses in all four rates. The empirical evidence from the impulse response function suggested that Fisher's relationship holds imperfectly for agricultural interest rates in the Dallas Federal Reserve District.

Keywords: Production; Economics (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:139046

DOI: 10.22004/ag.econ.139046

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