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An Empirical Analysis Of Macroeconomic Factors Influencing The Agricultural Exchange Rate Of The Dollar

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  • Pagoulatos, Emilio
  • Shonkwiler, J. Scott
  • Canler, Edward

Abstract

This paper tests empirically a number of models, based on the asset-market" view of exchange rates, which explain movements in the agricultural trade-weighted dollar exchange rate. Our results indicate that the portfolio balance approach more accurately accounts for the determinants of the effective agricultural exchange rate.

Suggested Citation

  • Pagoulatos, Emilio & Shonkwiler, J. Scott & Canler, Edward, 1984. "An Empirical Analysis Of Macroeconomic Factors Influencing The Agricultural Exchange Rate Of The Dollar," 1984 Annual Meeting, August 5-8, Ithaca, New York 279078, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:279078
    DOI: 10.22004/ag.econ.279078
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    File URL: https://ageconsearch.umn.edu/record/279078/files/aaea-1984-131.pdf
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    References listed on IDEAS

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    1. Chambers, Robert G. & Just, Richard E., 1982. "An investigation of the effect of monetary factors on agriculture," Journal of Monetary Economics, Elsevier, vol. 9(2), pages 235-247.
    2. Rudiger Dornbusch, 1979. "Monetary Policy Under Exchange Rate Flexibility," NBER Working Papers 0311, National Bureau of Economic Research, Inc.
    3. Gylfason, Thorvaldur & Helliwell, John F, 1983. "A Synthesis of Keynesian, Monetary, and Portfolio Approaches to Flexible Exchange Rates," Economic Journal, Royal Economic Society, vol. 93(372), pages 820-831, December.
    4. Branson, William H. & Halttunen, Hannu & Masson, Paul, 1979. "Exchange rates in the short run : Some further results," European Economic Review, Elsevier, vol. 12(4), pages 395-402, October.
    5. Gupta, Yash Pal & Maasoumi, Esfandiar, 1979. "Omitted variables, variability of estimated parameters and the appearance of autocorrelated disturbances," Journal of Econometrics, Elsevier, vol. 9(3), pages 379-385, February.
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    Cited by:

    1. Lopez Elena & Lopez Rigoberto A., 2017. "Introduction to the Special Issue in Honor of Professor Emilio Pagoulatos," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 15(2), pages 1-5, December.
    2. Awad, Taleb Mohammad, 1987. "International monetary and exchange rate policies and world agricultural markets: the case of soybeans and soybean products," ISU General Staff Papers 198701010800009611, Iowa State University, Department of Economics.

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    Keywords

    Agribusiness; Agricultural Finance;

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