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ASSESSING SOME EFFECTS OF INFLATION ON THE AGRICULTURAL SECTOR *
Author(s) -
Freebairn J. W.
Publication year - 1981
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1981.tb00389.x
Subject(s) - inflation (cosmology) , economics , relative price , agriculture , monetary economics , asset (computer security) , short run , agricultural economics , physics , computer security , theoretical physics , computer science , ecology , biology
The time pattern of effects of inflation on prices received, prices paid, asset returns, and real incomes of different members of the agricultural sector is described. In the long run it is argued that inflation will have very small, if any, effects on relative prices or real incomes. For the short run, which may be several years, it is likely that some prices will rise more slowly than others and cause income losses. Included in the group of losers are producers of export products.