RELATIVE PRICE DYNAMICS AND MONETARY POLICY: EVIDENCE FROM DIRECTED GRAPHS

This paper examines the dynamic relationship between monetary policy variables and agricultural prices using alternative VAR-type model specifications. Time series techniques as currently specified in most studies raises issues of misspecification and inferential adequacy because observational (non-experimental) data are being analyzed by estimations techniques better suited for experimental data. Directed graph theory is proposed as an alternative modeling approach to supplement current methods of analyzing agricultural time series.


Issue Date:
2002
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19794
Total Pages:
25
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-22

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