Relative Prices and Money: Further Results for the United States
用向量自回归和蒙特卡洛方法检验美国货币供给变化对农产品和工业品价格的相对影响，发现农产品价格调整更快。
Empirical results support the hypothesis that agricultural prices respond faster than manufactured product prices to a change in money supply in the United States. Sims' vector autoregression (VAR) technique was applied in examining this hypothesis. The monte‐carlo integration method was used to test the significance of the impulse responses generated by the VAR technique.