Multiple Exchange Rate Changes and U.S. Agricultural Commodity Prices
构建模型评估汇率变动、通胀及价格隔离政策对美国实际农产品价格的影响，发现名义价格隔离政策会显著放大汇率效应。
Abstract A model was developed to assess recent effects of exchange rate changes, inflation, and price insulation policies on real U.S. commodity prices. Exchange rate effects are defined so that they can occur and be significant under either fixed or floating rate regimes. The results indicate exchange rate effects on real U.S. commodity prices are smallest under free trade and real commodity price insulation policies but rise substantially as nominal price insulation policies become more prevalent.