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The Impacts Of Monetary Policy On The Maize And Beef Sectors Of South Africa I: Theoretical Foundations And Model Specification

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  • Dushmanitch, V. Y.
  • Darroch, M. A. G.

Abstract

A general equilibriu~ simult~neo~s equations model is specified to analyse the impacts of monetary policy on the maize and beef sectors. Fou~ key macro vanables w~1ch h_nk monetary policy to agriculture - the interest rate, exchange rate, inflation rate and real income _ are s~ud1ed. The exchange rate, mflahon rate_ and real income are determined endogenously within the model which contains money and foreign exchang~ markets and a manufa_ctunng sector_ (macro sector~, and the maize and beef sectors (agricultural sector). Macro linkages whereby the impacts of monetary policy are transmitted to the maize and beef sectors are discussed and simulated.

Suggested Citation

  • Dushmanitch, V. Y. & Darroch, M. A. G., 1991. "The Impacts Of Monetary Policy On The Maize And Beef Sectors Of South Africa I: Theoretical Foundations And Model Specification," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 30(3), September.
    • Handle: RePEc:ags:agreko:267371
    DOI: 10.22004/ag.econ.267371
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