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MONETARY IMPACTS ON PRICES IN THE SHORT AND LONG RUN: FURTHER RESULTS FOR THE UNITED STATES
Choe, Young Chan; Koo, Won W.
1993
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Abstract

This study examines the long-run neutrality of money and the short-run dynamics of farm and nonfarm prices to the monetary shock, using Johansen's approach. Results find a long-run equality of prices, but not neutrality. In the short-run, farm prices adjust faster than nonfarm prices to a monetary shock.

Details

Title
MONETARY IMPACTS ON PRICES IN THE SHORT AND LONG RUN: FURTHER RESULTS FOR THE UNITED STATES
Author(s)
Choe, Young Chan
Koo, Won W.
Subject(s)
Issue Date
1993-12
Publication Type
Journal Article
DOI and Other Identifiers
10.22004/ag.econ.30957
Record Identifier
https://ageconsearch.umn.edu/record/30957
PURL Identifier
http://purl.umn.edu/30957
Language
English
Published in
Journal of Agricultural and Resource Economics
Volume
18
Issue
2
Page Range
211 - 224
Total Pages
14
Record Appears in
Western Agricultural Economics Association (WAEA) > Journal of Agricultural and Resource Economics

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