Showing 1 - 8 of 8
These three invited papers examine the role that exchange rates may have in influencing commodity prices, input prices and farm income. The papers arguably represent one of the most important recent attempts to quantify and explain these new linkages. As U.S. and world agriculture moves from a...
Persistent link: https://www.econbiz.de/10005103135
import demand requires nonzero supply elasticities beyond one quarter. However, rigidities in market trade and empirical …
Persistent link: https://www.econbiz.de/10005320831
, are discussed, The case of the North American Free Trade Agreement (NAFTA) is used to illustrate how factors have … influenced the competitive position of the NAFTA countries. Traditional neoclassical trade theory is used to evaluate the impact … of currency exchange rate fluctuations and trade preferences on agricultural competitiveness. Pre- and post-NAFTA market …
Persistent link: https://www.econbiz.de/10005801922
interest in Asian trade liberalization policies. …
Persistent link: https://www.econbiz.de/10005802742
This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument...
Persistent link: https://www.econbiz.de/10008489885
Periodically, events occur in the domestic and global economies that remind agricultural economists that macroeconomics matter. This was evident in the early 1980s when the Federal Reserve responded to double-digit inflation by driving interest rates to post–World War II period highs. The...
Persistent link: https://www.econbiz.de/10008489906
Exchange rates have long been thought to have an important impact on the export and import of goods and services, and, thus, exchange rates are expected to influence the price of those products that are traded. At the same time, energy impacts commodity production in some very important ways....
Persistent link: https://www.econbiz.de/10005103133
A recent study of Miljkovic, Marsh, and Brester estimates that reductions in the Japanese tariff-rate quota between 1993 and 2001 increased U.S. beef prices by $1.03 per cwt and yen depreciation between 1995 and 1998 reduced U.S. hog prices by $0.99 per cwt. Relaxing the assumption that U.S....
Persistent link: https://www.econbiz.de/10005469269