Taub, B. (1987) A model of medieval grain prices: comment. American Economic Review, 77(5), pp. 1048-1053.
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Publisher's URL: http://www.jstor.org/stable/1810231
Abstract
A dynamic model of grain storage supports and elaborates the McCloskey/Nash empirical findings about grain price movements and interest rates. In particular, their finding of a negative time derivative of the growth rate of grain prices is explained, and a means of econometrically distinguishing the interest rate from storage rents is stated.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Taub, Professor Bart |
Authors: | Taub, B. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | American Economic Review |
ISSN: | 0002-8282 |
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