Relative Prices and Money: A Vector Autoregression on Brazilian Data
- Additional Document Info
- View All
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.
American Journal of Agricultural Economics
author list (cited authors)
complete list of authors