文章基本信息

标题：OVERSHOOTING OF AGRICULTURAL PRICES IN FOUR ASIAN ECONOMIES
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作者：Saghaian, Sayed H. ; Hasan, Mohamad F. ; Reed, Michael R. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2002
页码：95-109
出版社：Journal of Agribusiness
摘要：This article examines the impacts of monetary policy on agricultural prices in four Asian economies using time series analysis and graph theory. The estimations clearly show that agricultural prices overshoot their long-run equilibrium values for Korea, Philippines, and Thailand, and the overshooting for agricultural prices is larger than for manufactured prices. Impulse-response functions and variance-decomposition analysis based on directed graphs and causal structures highlight the complex interplay among the variables in the model and how those relationships differ by country. Money supply changes clearly affect real variables and relative prices for all countries either through overshooting or non-neutrality of money.
关键词：agricultural prices;Asian economies;directed graphs;impulse-response functions;manufacturing prices;monetary policy;overshooting;variance-decompositions