Bakucs, Lajos Zoltan; Ferto, Imre - European Association of Agricultural Economists - EAAE - 2005
The paper focus on the time adjustment paths of the exchange rate and prices in response to unanticipated monetary shocks following model developed by Saghaian et al. (2002). We employ Johansen's cointegration test along with a vector error correction model to investigate whether agricultural...