منابع مشابه
Commodity Money Inflation
This paper presents a theory of inflation in an economy with commodity money and supports it by evidence from the inflationary episodes in France during the fourteenth and fifteenth centuries. The paper shows that commodity money can be inflated similarly to fiat money through repeated debasements, which act like devaluation. Furthermore, as with fiat money, demand for commodity money falls wit...
متن کاملCommodity Prices, Convenience Yields, and Inflation
This paper provides evidence that the two leading principal components in a panel of 23 commodity convenience yields have statistically and quantitatively important predictive power for inflation even after controlling for unemployment gap and oil prices. The results hold up in out-of-sample forecasts, across forecast horizons, and across G7 countries. The convenience yields also explain commod...
متن کاملTrade and International Commodity Programs
The search for solutions to problems in international commodity trade has been more actively pursued during the past five years than at any previous time in history. Long negotiations in the Kennedy Round were aimed both at tariff questions and at establishing international commodity arrangements. The need for improved commodity trading arrangements was emphasized by developing countries at the...
متن کاملOverview: Commodity Checkoff Programs
Currently, there are a number of advertising and promotion programs associated with agricultural commodities. ‘Got Milk?’ ‘Pork. The Other White Meat,’ ‘Cotton: The Fabric of Our Lives,’ ‘Beef. It’s What’s for Dinner,’ and ‘American Lamb from American Land’ are examples of messages from various commodity boards who are attempting to impact the demand for their agricultural products. These messa...
متن کاملMoney, Inflation, and Output Under Fiat and Commodity Standards
This study examines the behavior of money, inflation, and output under fiat and commodity standards to better understand how changes in monetary policy affect economic activity. Using long-term historical data for 15 countries, the study finds that the growth rates of various monetary aggregates are more highly correlated with inflation and with each other under fiat standards than under commod...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 1979
ISSN: 0002-9092,1467-8276
DOI: 10.2307/3180341