MONETARY IMPACTS ON PRICES IN THE SHORT AND LONG RUN: FURTHER RESULTS FOR THE UNITED STATES

This study examines the long-run neutrality of money and the short-run dynamics of farm and nonfarm prices to the monetary shock, using Johansen'’s approach. Results find a long-run equality of prices, but not neutrality. In the short-run, farm prices adjust faster than nonfarm prices to a monetary shock.


Issue Date:
1993-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30957
Published in:
Journal of Agricultural and Resource Economics, Volume 18, Number 2
Page range:
211-224
Total Pages:
14




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

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)