Peng, Xuehua; Marchant, Mary A.; Reed, Michael R. - Agricultural and Applied Economics Association - AAEA - 2004
food prices in China using a vector error correction (VEC) model approach. Evidence indicates that monetary variables and … the food price index (FPI) have a long-run equilibrium relationship in China. Furthermore, the direction of Granger … in China mainly stem from the money supply rather than interest rates. …