Analyzing the Effects of U.S. Macroeconomic Policy on U.S. Agriculture Using the USAGMKTS Model


Book Description

Countries that trade in agricultural commodities with the United States need to sort out the effect of U.S. macroeconomic policy on U.S. agriculture. This report describes the results of simulating the effects of U.S. macro policy on U.S. agriculture.




MEXAGMKTS


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A Formal Estimation of the Effect of the MFA on Clothing Exports from LDCs


Book Description

Exporting developing countries are losing a lot under the MFA's restrictions on trade in clothing : the trade- suppressing effects on restricted suppliers are big, the spillover effects on unrestricted LDCs are small.




Policies for Economic Development


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Redefining Government's Role in Agriculture in the Nineties


Book Description

The legitimate roles of government in agriculture--especially investment and research--have often been subordinated to roles for which government has shown little competence, such as price setting and intervention in markets. These priorities must be reversed.




The Inflation-stabilization Cycles in Argentina and Brazil


Book Description

The repeated use of price and wage controls is likely to destabilize inflation in the medium run. The similar cyclical pattern of inflation observed in the aftermath of the failures of the Austral plan in Argentina and the Cruzado plan in Brazil is mostly linked to anticipations about the introduction of price controls. The heterodox approach is risky if not accompanied by an adequate adjustment in the budget deficit.