Consortium on Trade Research: Macroeconomic Linkages to Agricultural Trade

摘要

Macroeconomic and monetary policies of the major trading nations have become increasingly important to U.S. agricultural trade in the last decade. U.S. exports have risen as the value of the dollar has declined. This trend has been reinforced by the demise of the fixed exchange-rate system in the early seventies and the subsequent large increase in world demand for U.S. agricultural exports. The second meeting of the Consortium on Trade Research focused on this topic from a general economic viewpoint, from the perspective of the economic modeler, and from the policymakers' perspective of having to operate in this increasingly complex environment.