INFLATION AND U.S. AGRICULTURE: A GENERAL EQUILIBRIUM ANALYSIS OF THE EVENTS OF 1973
Shei, Shun- Yi; Thompson, Robert L.
1979

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Abstract

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.

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Title INFLATION AND U.S. AGRICULTURE: A GENERAL EQUILIBRIUM ANALYSIS OF THE EVENTS OF 1973
Author(s) Shei, Shun- Yi
Thompson, Robert L.
Subject(s)
Issue Date 1979-07
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.278279
Record Identifier https://ageconsearch.umn.edu/record/278279
Language English
Total Pages 15
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 1979 Annual Meeting, July 29-August 1, Pullman, Washington

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