## Abstract This article investigates the behavior of agricultural input prices, agricultural output prices, and retail food prices using the cointegration/error–correction methodology. The findings support “cost push” and “demand pull” theories, because disequilibrium at the input level is transmi
✦ LIBER ✦
Mean spillover effects in agricultural prices: Evidence from changes in policy regimes
✍ Scribed by Nicholas Apergis; Anthony Rezitis
- Publisher
- Springer US
- Year
- 2003
- Tongue
- English
- Weight
- 807 KB
- Volume
- 9
- Category
- Article
- ISSN
- 1083-0898
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## Abstract We present microeconomic evidence on US pricing dynamics pre and post‐establishment of the Bretton Woods (BW) monetary regime. We track prices of 49 goods (1172 observations) in 1938–1951 Sears, Roebuck catalogs. The average length between (nominal) price changes was over 2 years. The a