RELATIVE PRICES AND MONEY - A VECTOR AUTOREGRESSION ON BRAZILIAN DATA

abstract

• Recent data on Brazilian agricultural prices, industrial prices, and money supply are analyzed in a vector autoregression. The empirical findings show strong, one-way, Granger-type causality from money supply to agricultural prices; while feedback is observed between industrial prices and money supply. Under the usual monetarist ordering of contemporaneous innovation covariance, agricultural prices do not adjust faster than industrial prices to a shock in the money supply. 1984 American Agricultural Economics Association.

authors

• Bessler, David

published proceedings

• AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS

altmetric score

• 3

author list (cited authors)

• BESSLER, D. A.

citation count

• 83

complete list of authors

• BESSLER, DA

publication date

• February 1984

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

Digital Object Identifier (DOI)

• 10.2307/1240612

start page

• 25

end page

• 30

volume

• 66

issue

• 1

URL

• http%3A%2F%2Fdx.doi.org%2F10.2307%2F1240612