Assessing Some Effects Of Inflation On The Agricultural Sector
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.
Volume (Year): 25 (1981)
Issue (Month): 02 (August)
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- Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-76, December.
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- Robinson, K.L., 1979. "The Distributional Consequences of Recent Inflation," Staff Papers 183728, Cornell University, Department of Applied Economics and Management.
- 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.
- 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.
- 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.
- Kenneth W. Clements & Phuong Nguyen, 1980. "Inflation and Relative Prices: The Australian Experience," RBA Research Discussion Papers rdp8007, Reserve Bank of Australia.
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