The effects of exchange rate and capital stock changes are analyzed using a CGE model for the United States. The model is in the Walrasion tradition and is calibrated to 1982 data. Results indicate that a devaluation of the U.S. dollar has a positive effect on the agricultural sector and balance of trade, but has a negative effect on consumers.
Aradhyula, Satheesh V.; Eswaramoorthy, K.; and Frohberg, Klaus, "An Application of the Computable General Equilibrium Model to Analyze U.S. Ariculture" (1988). CARD Working Papers. 60.