AGRICULTURE AND THE MACRO‐ECONOMY: PRESIDENTIAL ADDRESS
这篇主席致辞回顾了农业与宏观经济之间的双向关系，包括宏观发展对农业的影响以及农业政策对整体经济的作用，适合关注农业经济与宏观政策交叉的学者。
Agricultural economics is sometimes criticised for being microcentred. We should not apologise; colleagues who study industrial organisation or many aspects of public sector economics are neither more nor less guilty. The fact remains, however, that agriculture, like all sectors, operates within a macro‐economic framework and there is a growing spate of literature focusing on that broader perspective. It runs in two directions: the farming consequences of macro‐economic developments where much of the attention focuses on exchange rates and interest rates, and the effects of agricultural policies on the economy at large. The objective here is to review the situation. Topical issues considered range from the value of the dollar and the operation of the European exchange‐rate, mechanism, to controversies surrounding the recent GATT negotiations.