Agricultural Outcomes and Monetary Policy Actions: Strange Bedfellows or Kissin' Cousins? (ICPSR 1222)
Principal Investigator(s): Kliesen, Kevin L., Federal Reserve Bank of St. Louis; Poole, William, Federal Reserve Bank of St. Louis
Summary: United States agriculture is a success story of high productivity growth maintained over a long period of time. Nevertheless, the industry today suffers from the same problems it has always suffered from: droughts, locusts, and market disruptions. In this article, the authors explain how monetary policy can contribute to a healthy agriculture sector. The reality is that the fundamental economic forces controlling the destiny of agriculture -- high productivity growth, the hazards of natur... (more info)
Access Notes
These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
This data is freely available.
Dataset(s)
Study Description
Citation
Kliesen, Kevin L., and William Poole. Agricultural Outcomes and Monetary Policy Actions: Strange Bedfellows or Kissin' Cousins?. ICPSR01222-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-08-28. doi:10.3886/ICPSR01222.v1
Persistent URL: http://dx.doi.org/10.3886/ICPSR01222.v1
Export Citation:
- RIS (generic format for RefWorks, EndNote, etc.)
- EndNote XML (EndNote X4.0.1 or higher)
Scope of Study
Summary: United States agriculture is a success story of high productivity growth maintained over a long period of time. Nevertheless, the industry today suffers from the same problems it has always suffered from: droughts, locusts, and market disruptions. In this article, the authors explain how monetary policy can contribute to a healthy agriculture sector. The reality is that the fundamental economic forces controlling the destiny of agriculture -- high productivity growth, the hazards of nature, the low price and income elasticities of demand, and the instability of conditions in important export markets -- are things that the Federal Reserve Board can do nothing about. The main message is that the best the Fed can do to stabilize the agricultural sector is to maintain low and steady inflation.
Subject Terms: agricultural productivity, agriculture, monetary policy
Geographic Coverage: United States
Data Collection Notes:
(1) The file submitted is 0005kk.xls, which contains data and calculations for Figures 1-5 and Table 1. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
Methodology
Version(s)
Original ICPSR Release: 2000-08-28
Related Publications
Utilities
Update Notification
Use any of the notification links to add this study to your RSS feed; you will then receive notification if the study is substantively updated.
Metadata Exports
- Citations exports are provided above.
Export Study-level metadata (does not include variable-level metadata)
If you're looking for collection-level metadata rather than an individual metadata record, please visit our Metadata Records page.