The Overshooting Hypothesis of Agricultural Prices: The Role of Asset Substitutability

By allowing for various degrees of asset substitutability between bonds and agricultural products, this paper reexamines the robustness of the overshooting hypothesis of agricultural product prices. It is found, in both a closed economy and an open economy, that the crucial factor determining whethe...

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Bibliographic Details
Published in:	Journal of Agricultural and Resource Economics
Main Authors:	Ching-Chong Lai, Shih-Wen Hu, Chih-Ping Fan
Format:	Article
Language:	English
Published:	Western Agricultural Economics Association 2005-04-01
Subjects:	asset substitutability commodity prices overshooting
Online Access:	https://ageconsearch.umn.edu/record/30784

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