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Monetary Impacts on Agriculture: The Effects of the Anticipated and Unanticipated Components of Money Growth

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  • Kwack, Chang
  • Orden, David

Abstract

The effects of anticipated versus unanticipated money growth on growth of nonfarm aggregate output and real farm prices / output, income and exports are evaluated in a quarterly model. The results suggest significant impacts of both components of money on the aggregate economy and provide mixed evidence of monetary ,impacts on agriculture.

Suggested Citation

  • Kwack, Chang & Orden, David, 1986. "Monetary Impacts on Agriculture: The Effects of the Anticipated and Unanticipated Components of Money Growth," 1986 Annual Meeting, July 27-30, Reno, Nevada 278027, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278027
    DOI: 10.22004/ag.econ.278027
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    References listed on IDEAS

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    1. Robert J. Barro & Mark Rush, 1980. "Unanticipated Money and Economic Activity," NBER Chapters, in: Rational Expectations and Economic Policy, pages 23-73, National Bureau of Economic Research, Inc.
    2. Fischer, Stanley, 1982. "Relative price variability and inflation in the United States and Germany," European Economic Review, Elsevier, vol. 18(1), pages 171-196.
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