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Assessing Some Effects Of Inflation On The Agricultural Sector

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  • Freebairn, John W.

Abstract

The time pattern of effects of inflation on prices received, prices paid, asset returns, and real incomes of different members of the agricultural sector is described. In the long run it is argued that inflation will have very small, if any, effects on relative prices or real incomes. For the short run, which may be several years, it is likely that some prices will rise more slowly than others and cause income losses. Included in the group of losers are producers of export products.

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File URL: http://purl.umn.edu/22870
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Bibliographic Info

Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 25 (1981)
Issue (Month): 02 (August)
Pages:

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Handle: RePEc:ags:ajaeau:22870

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Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
Phone: 0409 032 338
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Web page: http://www.aares.info/
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Related research

Keywords: Agricultural Finance; Demand and Price Analysis;

References

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  1. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-76, December.
  2. Frankel, Jeffrey A, 1979. "On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials," American Economic Review, American Economic Association, vol. 69(4), pages 610-22, September.
  3. Kenneth W. Clements & Phuong Nguyen, 1980. "Inflation and Relative Prices: The Australian Experience," RBA Research Discussion Papers rdp8007, Reserve Bank of Australia.
  4. Nevile, J W, 1980. "Economic Activity and Fiscal Policy in Australia: A Survey and Critique," The Economic Record, The Economic Society of Australia, vol. 56(155), pages 301-15, December.
  5. Ryan, James G. & Duncan, Ronald C., 1974. "Effects On Farm Incomes And Rural Labour Of A Relative Increase In Wages," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(03), December.
  6. Griffith, Garry R., 1974. "Sydney Meat Marketing Margins - An Econometric Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), December.
  7. Swan, Peter L, 1978. "The Mathews Report on Business Taxation," The Economic Record, The Economic Society of Australia, vol. 54(145), pages 1-16, April.
  8. Davis, D.C. & Mullen, John D. & Bryant, M.J., 1979. "Farmer Income and Expenditure Patterns in a Wheat-Sheep Region," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(01), April.
  9. Krugman, Paul R., 1978. "Purchasing power parity and exchange rates : Another look at the evidence," Journal of International Economics, Elsevier, vol. 8(3), pages 397-407, August.
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Cited by:
  1. Fisher, Brian S., 1985. "Frontiers in Agricultural Policy Research," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(02), August.

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