Toward Sustainable Input Pricing in Agriculture: The Sectoral Impact of Asymmetric Monetary Policy in Türkiye
Küçük Resim Yok
Tarih
2026
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Wiley
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study investigates the asymmetric effects of monetary policy instruments on agricultural input prices in T & uuml;rkiye, a developing economy. Using monthly data from 2015 to 2024, the analysis focuses on key variables including the exchange rate, consumer price index (CPI), policy rate, reserve requirement ratio, and rediscount rate. Asymmetric fully modified ordinary least squares (FMOLS) and impulse-response analyses reveal that positive exchange rate shocks significantly and persistently increase input costs, highlighting the sector's import dependence and vulnerability. Inflation and policy rate hikes also raise costs, but declines in these variables do not produce equally strong reductions-indicating asymmetric effects. Similar patterns are observed for other monetary tools. The findings emphasize that both the direction and magnitude of macroeconomic shocks matter for agricultural input pricing. Therefore, monetary policy must account for sector-specific sensitivities and transmission mechanisms. In critical sectors like agriculture, tailored policy designs are essential for stabilizing costs, supporting food security, and enhancing rural economic resilience.
Açıklama
Anahtar Kelimeler
Agricultural Input Prices, Asymmetry, Fmols, Impulse-Response Analysis, Monetary Policy, T & Uuml;Rkiye
Kaynak
Sustainable Development
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
34
