MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE: AN ECONOMETRIC SIMULATION ANALYSIS.

S. Devadoss; William H. Meyers

MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE: AN ECONOMETRIC SIMULATION ANALYSIS.

S. Devadoss, William H. Meyers

Agricultural and Applied Economics

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

A large econometric model is developed to capture the economic relationship among the crop, livestock, and macro sectors through the interest rate linkage. The interest rate is endogenized with the money supply as an important explanatory variable. A nonlinear, three-stage least square technique is used to estimate the parameters, and the Gauss-Seidel solution method is used for the dynamic simulation analysis. Results indicate that a three percent decrease in the money supply growth has a significant impact on the farm sector through the interest rate.

Original language	English
Title of host publication	Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference
Editors	Robert Hanham, William G. Vogt, Marlin H. Mickle, M.A. Aburdene, R.D. Green, H.Q. Lu, A. Rose, S. Ak, C. Gubala, V.P. Lukic, H.A. Ryaciotaki-Boussalis
Publisher	ISA
Pages	383-387
Number of pages	5
Edition	pt 1
ISBN (Print)	0876649681
State	Published - 1986

Publication series

Name	Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference
Number	pt 1
Volume	17

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Devadoss, S., & Meyers, W. H. (1986). MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE: AN ECONOMETRIC SIMULATION ANALYSIS. In R. Hanham, W. G. Vogt, M. H. Mickle, M. A. Aburdene, R. D. Green, H. Q. Lu, A. Rose, S. Ak, C. Gubala, V. P. Lukic, & H. A. Ryaciotaki-Boussalis (Eds.), Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference (pt 1 ed., pp. 383-387). (Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference; Vol. 17, No. pt 1). ISA.

Devadoss, S. ; Meyers, William H. / MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE : AN ECONOMETRIC SIMULATION ANALYSIS. Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference. editor / Robert Hanham ; William G. Vogt ; Marlin H. Mickle ; M.A. Aburdene ; R.D. Green ; H.Q. Lu ; A. Rose ; S. Ak ; C. Gubala ; V.P. Lukic ; H.A. Ryaciotaki-Boussalis. pt 1. ed. ISA, 1986. pp. 383-387 (Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference; pt 1).

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abstract = "A large econometric model is developed to capture the economic relationship among the crop, livestock, and macro sectors through the interest rate linkage. The interest rate is endogenized with the money supply as an important explanatory variable. A nonlinear, three-stage least square technique is used to estimate the parameters, and the Gauss-Seidel solution method is used for the dynamic simulation analysis. Results indicate that a three percent decrease in the money supply growth has a significant impact on the farm sector through the interest rate.",

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Devadoss, S & Meyers, WH 1986, MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE: AN ECONOMETRIC SIMULATION ANALYSIS. in R Hanham, WG Vogt, MH Mickle, MA Aburdene, RD Green, HQ Lu, A Rose, S Ak, C Gubala, VP Lukic & HA Ryaciotaki-Boussalis (eds), Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference. pt 1 edn, Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference, no. pt 1, vol. 17, ISA, pp. 383-387.

MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE : AN ECONOMETRIC SIMULATION ANALYSIS. / Devadoss, S.; Meyers, William H.

Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference. ed. / Robert Hanham; William G. Vogt; Marlin H. Mickle; M.A. Aburdene; R.D. Green; H.Q. Lu; A. Rose; S. Ak; C. Gubala; V.P. Lukic; H.A. Ryaciotaki-Boussalis. pt 1. ed. ISA, 1986. p. 383-387 (Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference; Vol. 17, No. pt 1).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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Devadoss S, Meyers WH. MONETARY POLICIES, INTEREST RATES, AND U. S. AGRICULTURE: AN ECONOMETRIC SIMULATION ANALYSIS. In Hanham R, Vogt WG, Mickle MH, Aburdene MA, Green RD, Lu HQ, Rose A, Ak S, Gubala C, Lukic VP, Ryaciotaki-Boussalis HA, editors, Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference. pt 1 ed. ISA. 1986. p. 383-387. (Modeling and Simulation, Proceedings of the Annual Pittsburgh Conference; pt 1).