U.S. Money Supply and the Exchange Rate: Long-Run Effects on the World Feedgrain Market
M.S. Mark Denbaly and
Review of Agricultural Economics, 1988, vol. 10, issue 1, 49-62
The strength of the linkage between the U.S. money supply and U.S. feedgrain prices and exports over the long run depends on the responsiveness of exchange rates to money supply changes and of feedgrain markets to exchange rate changes. The link between the U.S. money supply and exchange rates is empirically weak. Moreover, U.S. feedgrain prices and exports respond little to exchange rate changes because of a relatively high U.S. export supply price elasticity and a low price responsiveness of highly protected foreign markets. Thus, money supply changes may have only a limited effect on the U.S. feedgrain market.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:revage:v:10:y:1988:i:1:p:49-62.
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Review of Agricultural Economics from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press () and Christopher F. Baum ().