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Japanese Monetary Policies and U.S. Agricultural Exports

Author

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  • Penson, John B., Jr.
  • Babula, Ronald A.

Abstract

Accelerated Japanese monetary expansion failed to appreciably influence imports of US crops despite notable increases m the nominal yen/dollar exchange rate, according to COMGEM, a US macroeconomic model that incorporates non-U S macroeconomic linkages and an Armington model of foreign demands for US crops Expansionary monetary poltitcs also led to higher Japanese inflatwn and raised real national income, offsetttng the negative import effects of higher nominal exchange rates COMGEM stimulated three 1986-90 Japanese monetary expansion rates given unchanged US macroeconomic patterns, to determine the influences of Japanese monetary shocks on imports of US crops

Suggested Citation

  • Penson, John B., Jr. & Babula, Ronald A., 1988. "Japanese Monetary Policies and U.S. Agricultural Exports," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 40(1), pages 1-8.
    • Handle: RePEc:ags:uersja:137076
    DOI: 10.22004/ag.econ.137076
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    References listed on IDEAS

    as
    1. Bessler, David A & Babula, Ronald A, 1987. "Forecasting Wheat Exports: Do Exchange Rates Matter?," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(3), pages 397-406, July.
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