INFLATION AND U.S. AGRICULTURE: A GENERAL EQUILIBRIUM ANALYSIS OF THE EVENTS OF 1973

An open general equilibrium econometric model of the U.S. economy, including a monetary sector, is used to decompose observed 1973 sectoral and aggregate price increases. In decreasing order the major causes found were: U.S. monetary expansion, the Soviet grain deal, dollar devaluation and the world crop. failure.


Issue Date:
1979-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278279
Language:
English
Total Pages:
15




 Record created 2018-10-15, last modified 2020-10-28

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