Relative Prices and Money: A Vector Autoregression on Brazilian Data Academic Article uri icon


  • 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.

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, David A

publication date

  • February 1984