Long-run neutrality of money supply for food prices in Germany with policy effects
| dc.creator | Meyer, Stefan | |
| dc.creator | Yu, Xiaohua | |
| dc.date | 2017-04-01T19:42:05Z | |
| dc.date.accessioned | 2026-07-09T05:45:28Z | |
| dc.description | Using a modified Fisher-Seater model with consideration of policy impacts, this paper attempts to tests the long-run neutrality of money supply on food prices in Germany after the launching of the Eurozone. The main findings include: (1) we can not reject the super neutrality of money for aggregated food prices; (2) However, staple food and its derived products – meat- are very sensitive to money supply, and their prices can increase to be much higher than money growth rate, perhaps due to speculative effects and demand effects; (3) Fresh or perishable products are usually less sensitive to money growth; (4) Most products decreased their prices after the launching of decoupling policy in Europe in 2003. The results can explain the links between money supply and food prices in a long run and also give insightful implications for the ongoing reform of CAP (Common Agricultural Policy) in Europe. | |
| dc.identifier | doi:10.22004/ag.econ.114640 | |
| dc.identifier | https://ageconsearch.umn.edu/record/114640/files/Meyer_Stefan_532.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/114640 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/567949 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/114640 | |
| dc.title | Long-run neutrality of money supply for food prices in Germany with policy effects | |
| dc.type | Text |