Recent macroeconomic dynamics and agriculture in historical perspective
This article explores the similarities, differences, and implications from the 1970s-1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has not b...
| Autor principal: | |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Cambridge University Press
2010
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/154846 |
| _version_ | 1855522521897500672 |
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| author | Orden, David |
| author_browse | Orden, David |
| author_facet | Orden, David |
| author_sort | Orden, David |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This article explores the similarities, differences, and implications from the 1970s-1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has not been too prominent in public discourse about causes of the financial crisis or the policies undertaken to restore stability to financial markets and avoid an even deeper downturn than occurred. The “misery index” is compared across the past and recent macroeconomic events. Effects on agriculture of exchange rates are reviewed, effects dependent on currency values and interest rates that can change quickly and in unexpected ways. |
| format | Journal Article |
| id | CGSpace154846 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2010 |
| publishDateRange | 2010 |
| publishDateSort | 2010 |
| publisher | Cambridge University Press |
| publisherStr | Cambridge University Press |
| record_format | dspace |
| spelling | CGSpace1548462024-11-15T08:52:25Z Recent macroeconomic dynamics and agriculture in historical perspective Orden, David monetary policies exchange rate This article explores the similarities, differences, and implications from the 1970s-1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has not been too prominent in public discourse about causes of the financial crisis or the policies undertaken to restore stability to financial markets and avoid an even deeper downturn than occurred. The “misery index” is compared across the past and recent macroeconomic events. Effects on agriculture of exchange rates are reviewed, effects dependent on currency values and interest rates that can change quickly and in unexpected ways. 2010-08 2024-10-01T14:04:18Z 2024-10-01T14:04:18Z Journal Article https://hdl.handle.net/10568/154846 en Limited Access Cambridge University Press Orden, David. 2010. Recent macroeconomic dynamics and agriculture in historical perspective. Journal of Agricultural and Applied Economics 42(3): 467-476. https://doi.org/10.1017/S1074070800003655 |
| spellingShingle | monetary policies exchange rate Orden, David Recent macroeconomic dynamics and agriculture in historical perspective |
| title | Recent macroeconomic dynamics and agriculture in historical perspective |
| title_full | Recent macroeconomic dynamics and agriculture in historical perspective |
| title_fullStr | Recent macroeconomic dynamics and agriculture in historical perspective |
| title_full_unstemmed | Recent macroeconomic dynamics and agriculture in historical perspective |
| title_short | Recent macroeconomic dynamics and agriculture in historical perspective |
| title_sort | recent macroeconomic dynamics and agriculture in historical perspective |
| topic | monetary policies exchange rate |
| url | https://hdl.handle.net/10568/154846 |
| work_keys_str_mv | AT ordendavid recentmacroeconomicdynamicsandagricultureinhistoricalperspective |