TESTS OF MONETARY NEUTRALITY ON FARM OUTPUT

被引：0
|
作者：
DEVADOSS, S
机构：
来源：
WESTERN JOURNAL OF AGRICULTURAL ECONOMICS | 1991年 / 16卷 / 01期
关键词：
MONETARY NEUTRALITY HYPOTHESIS; JOINT ESTIMATION; AGRICULTURAL SECTOR;
D O I：
暂无
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
According to the monetary neutrality hypothesis, only the unanticipated money supply growth has impacts on real economic variables, and the anticipated money supply growth has no real impacts. The monetary neutrality hypothesis is tested on real farm output. The test procedure involves joint estimation of farm output and the money growth equation. The empirical results show that the anticipated money supply growth does have significant effects on farm output and, thus, do not support the monetary neutrality hypothesis.
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页码：163 / 173
页数：11
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