Files
Abstract
A general equilibriu~ simult~neo~s equations model is specified to analyse the impacts of monetary policy on the maize and beef sectors. Fou~ key macro vanables w~1ch h_nk monetary policy to agriculture - the interest rate, exchange rate, inflation rate and real income _ are s~ud1ed. The exchange rate, mflahon rate_ and real income are determined endogenously within the model which contains money and foreign exchang~ markets and a manufa_ctunng sector_ (macro sector~, and the maize and beef sectors (agricultural sector). Macro linkages whereby the impacts of monetary policy are transmitted to the maize and beef sectors are discussed and simulated.