Reassessing the U.S. Agricultural Policy in World Agricultural Trade: Conceptual Framework
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1284
A conceptual framework of the world trade with endogenous exchange rate is constructed. Monetary policy, asset, and loan rate are illustrated. Current U.S. farm loan policy may be in the right direction but may not effectively improve exports. The future market share would depend on the opportunity costs in both economies.
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