Agricultural and Financial Market Interdependence in the Short Run
构建理论模型分析货币政策对农业的影响，发现紧缩性货币政策可能对农业产生不利影响，并通过向量自回归方法验证了理论结论。
Abstract A theoretical model capable of examining the effects of various monetary policies on agriculture is developed. Results from comparative static experiments with the model show that a restrictive monetary policy may adversely affect agriculture. Results from the theoretical model are compared with earlier studies and are empirically investigated using vector autoregression techniques. In general, empirical analysis supports the theoretical developments.