Agricultural Interest Rates and Inflationary Expectations: A Regional Analysis

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.


Issue Date:
1990
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/139046
PURL Identifier:
http://purl.umn.edu/139046
Published in:
Journal of Agricultural Economics Research, Volume 42, Number 4
Total Pages:
8




 Record created 2017-04-01, last modified 2018-01-22

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