A Simple Empirical Model of Macroeconomic Effects on Agriculture: An Asset Market Approach

The asset market approach specifies a direct relationship between flexible prices and the growth of the money supply in excess of real money demand. The model described in this report uses the asset market approach in estimating macroeconomic effects on agricultural prices, cash receipts, and land values. Agriculture-specific effects are also included in the model through a use-to-stock ratio variable. Simulations are run to illustrate the effects of alternative monetary and agricultural situations on the agricultural variables.


Issue Date:
1989-05
Publication Type:
Report
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278199
Language:
English
Total Pages:
25
Series Statement:
AGES 89-21




 Record created 2018-10-12, last modified 2020-10-28

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