Relative Prices and Money: Further Results for the United States

S. Devadoss, William H. Meyers

Research output: Contribution to journalArticlepeer-review

35 Scopus citations

Abstract

Empirical results support the hypothesis that agricultural prices respond faster than manufactured product prices to a change in money supply in the United States. Sims' vector autoregression (VAR) technique was applied in examining this hypothesis. The monte-carlo integration method was used to test the significance of the impulse responses generated by the VAR technique.

Original languageEnglish
Pages (from-to)838-842
Number of pages5
JournalAmerican Journal of Agricultural Economics
Volume69
Issue number4
DOIs
StatePublished - Nov 1987

Keywords

  • Money supply shock
  • Monte-carlo test
  • Relative prices
  • Vector autoregression

Fingerprint Dive into the research topics of 'Relative Prices and Money: Further Results for the United States'. Together they form a unique fingerprint.

Cite this