The Macroeconomics Shocks and the Brazilian Agricultural Price Evolution â€“ A VAR Analysis Approach
AbstractThe findings presented in this paper come from our study of the effects of Brazilian macroeconomic policy on the Brazilian Farm [product] Price Index using an adapted version of Frankelâ€™s (1986 & 2006) theoretical model. The study examined the connection between Brazilian farm prices and external variables (worldwide importation of agribusiness products, international commodity prices, and foreign real interest rates) and between Brazilian farm prices and domestic variables (GDP, the real exchange rate, and local interest rates).
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p406.
Date of creation: Sep 2011
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This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-11-14 (Agricultural Economics)
- NEP-ALL-2011-11-14 (All new papers)
- NEP-MAC-2011-11-14 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, Econometric Society, vol. 48(1), pages 1-48, January.
- Jeffrey A. Frankel, 2006.
"The Effect of Monetary Policy on Real Commodity Prices,"
NBER Working Papers
12713, National Bureau of Economic Research, Inc.
- Jeffrey A. Frankel, 2008. "The Effect of Monetary Policy on Real Commodity Prices," NBER Chapters, National Bureau of Economic Research, Inc, in: Asset Prices and Monetary Policy, pages 291-333 National Bureau of Economic Research, Inc.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, Econometric Society, vol. 55(2), pages 251-76, March.
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