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Tests Of Monetary Neutrality On Farm Output

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  • Devadoss, Stephen
Abstract
According to the monetary neutrality hypothesis, only the unanticipated money supply growth has impacts on real economic variables, and the anticipated money supply growth has no real impacts. The monetary neutrality hypothesis is tested on real farm output. The test procedure involves joint estimation of farm output and the money growth equation. The empirical results show that the anticipated money supply growth does have significant effects on farm output and, thus, do not support the monetary neutrality hypothesis.

Suggested Citation

  • Devadoss, Stephen, 1991. "Tests Of Monetary Neutrality On Farm Output," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(1), pages 1-1, July.
    • Handle: RePEc:ags:wjagec:32626
    DOI: 10.22004/ag.econ.32626
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    File URL: https://ageconsearch.umn.edu/record/32626/files/16010163.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Devadoss, Stephen, 1995. "Effects Of Fiscal Policies On U.S. Agriculture," A.E. Research Series 305138, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    3. Yu, Xiaohua, 2014. "Monetary easing policy and long-run food prices: Evidence from China," Economic Modelling, Elsevier, vol. 40(C), pages 175-183.

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