Devadoss, Stephen; Meyers, William H.

American Journal of Agricultural Economics Vol. 69 no. 4 (November 1987): 838-842.

Empirical results support the hypothesis that agricultural prices respond faster than manufactured product prices to a change tn money supply m the United States Sims' vector autoregression (VAR) technique was applied m examining this hypothesis. The monte-carlo integration method was used to test the significance of the impulse responses generated by the VAR technique.