THE IMPACTS OF MONETARY POLICY ON THE MAIZE AND BEEF SECTORS OF SOUTH AFRICA I: THEORETICAL FOUNDATIONS AND MODEL SPECIFICATION

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.


Other Titles:
Die impak van monet@re beleid op die mielie- en beesvleissektore van Suid-Afrika I: Teoretiese onderbou en modelspesifikasie
Issue Date:
1991-09
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/267371
ISSN:
0303-1853
Language:
English
Published in:
Agrekon, Volume 30, Issue 3
Page range:
123-128




 Record created 2018-01-30, last modified 2018-04-02

Fulltext:
Download fulltext
PDF

Rate this document:

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