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Macroeconomic Linkages

International and domestic macroeconomic shocks can cause major changes in the main factors linking the macroeconomy and agriculture—exchange rates, consumer income, rural employment, and interest rates—resulting in changes in a country's agricultural prices, production, consumption, and trade. ERS analysts evaluate the impact on U.S. agricultural exports of international financial developments in significant market countries.


Spotlights

International Macroeconomic Data Set—Provides data for real (adjusted for inflation) Gross Domestic Product, population, real exchange rates, and other variables for the 35 countries and 22 regions that are most important for U.S. agricultural trade.

Agricultural Exchange Rate Data Set—This data set contains annual and monthly data for exchange rates important to U.S. agriculture. It includes both nominal and real exchange rates for 80 countries (plus the European Union) as well as real trade-weighted exchange rate indexes for many commodities and aggregations.

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