Munich Personal RePEc Archive

CAP and Monetary Policy

Dusberg, Carl (1997): CAP and Monetary Policy. Published in: European Economic Integration Review , Vol. 15, (1 January 1997): pp. 22-29.


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Despite the importance of CAP-related agricultural market regulation mechanisms within Europe, the agricultural sectors in European countries retain a degree of sensitivity to macroeconomic activity and policies. This reality now raises the question of the effects to be expected from the implementation of the single monetary policy on these agricultural sectors within the Monetary Union. This article proposes to estimate and compare the degree of sensitivity of the agricultural sectors of a set of European countries to monetary impulses from partial VAR models.

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