On the Power of Macroeconomic Linkages to Explain Events in U.S. Agriculture

Exchange Rates and Turkish Fresh Fruits and Vegetables Trade with the EU Countries: Bilateral Trade Data Analysis

“…On the one hand, many studies have investigated the role of the exchange rate on agricultural trade flows and=or prices (among others, Batten & Belongia, 1986;Bessler & Babula, 1987;Bradshaw & Orden, 1990;Chambers, 1981;Chambers & Just, 1981;Collins, Meyers, & Bredahl, 1980;Gardner, 1981;Liu, Chung, & Meyers, 1993;Orden, 1999Orden, , 2002Saunders, Biswas, & Mohapatra, 1999;Xu & Orden, 2002). On the other hand, a small number of studies analyzes the impact of the exchange rate on the agricultural trade balance (Baek & Koo, 2008;Carter & Pick, 1989;Doroodian, Jung, & Boyd, 1999;Yazici, 2006).…”

Food price volatility and macroeconomic factor volatility: 'heat waves' or 'meteor showers'?

“…Certain empirical studies such as Lach and Tsiddon (1993), Smith and Lapp (1993), and Loy and Weaver (1998) have identified a relationship between expected inflation and changes in relative prices of particular products. Gardner (1981) and Grennes and Lapp (1986) argued that an economic environment that generates changes in its components is expected to trigger substantial price swings, while Chambers (1985) supports the fact that food products are less storable than no-food products, resulting in a higher relative food price variability. The empirical analysis has concentrated on revealing any relationship between relative food prices and macroeconomic factors in terms of the means of the variables under investigation, while in terms of volatility it has remained silent.…”

Alternative Subsidy Reduction Paths: The Role of Fiscal and Monetary Policy Linkages

“…The substantial variation in exchange rates, inflation rates, relative farm prices, and agricultural incomes since the early 1970s has induced a new stream of research on the relationships between macroeconomic policy and the agricultural sector [ (Schuh 1974(Schuh , 1976Tweeten 1980;Gardner 1981;Chambers 1981Chambers , 1984Chambers and Just 1982;Barnett, Bessler, and Thompson 1983;Bessler 1984;Rausser 1985;Rausser et al 1986). In all of these studies, the exchange rate has been recognized as an important determinant of real farm prices through its effects on the trade balance (Schuh 1974).…”