Relative agricultural prices and monetary policy
1990
Lapp, J.S.
An imperfect information, rational expectations model of relative price determination is presented. This model provides an econometric specification for testing for a causal relationship between money and the relative prices of agricultural commodities. Test results indicate that variations in the growth rate of the nominal money supply (whether anticipated or unanticipated) have not been an important influence on the average level of prices received by farmers relative to other prices in the economy over the period 1951-85.
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书目信息
其它主题
Consumer price index; Nominal prices; Producer price index; Products and commodities; Monetary policy; Relationships
语言
英语
类型
Journal Article; Text
2024-02-28
MODS