Toward Sustainable Input Pricing in Agriculture: The Sectoral Impact of Asymmetric Monetary Policy in Türkiye

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dc.contributor.authorDogan, Hasan Gokhan
dc.contributor.authorMirza, Emel
dc.contributor.authorGaniyusufoglu, Ali
dc.contributor.authorBayramoglu, Zeki
dc.contributor.authorCandemir, Serhan
dc.contributor.authorEdirneligil, Aysen
dc.date.accessioned2026-06-19T06:41:17Z
dc.date.available2026-06-19T06:41:17Z
dc.date.issued2026
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractThis 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.
dc.identifier.doi10.1002/sd.70365
dc.identifier.endpage504
dc.identifier.issn0968-0802
dc.identifier.issn1099-1719
dc.identifier.orcid0000-0002-0851-1740
dc.identifier.orcid0000-0002-5303-1770
dc.identifier.orcid0000-0003-4248-7024
dc.identifier.orcid0000-0002-8737-4691
dc.identifier.orcid0000-0003-3258-3848
dc.identifier.orcid0000-0002-5009-2666
dc.identifier.scopus2-s2.0-105019807446
dc.identifier.scopusqualityQ1
dc.identifier.startpage493
dc.identifier.urihttps://doi.org/10.1002/sd.70365
dc.identifier.urihttps://hdl.handle.net/20.500.12899/6167
dc.identifier.volume34
dc.identifier.wosWOS:001599607400001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofSustainable Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20260612
dc.subjectAgricultural Input Prices
dc.subjectAsymmetry
dc.subjectFmols
dc.subjectImpulse-Response Analysis
dc.subjectMonetary Policy
dc.subjectT & Uuml;Rkiye
dc.titleToward Sustainable Input Pricing in Agriculture: The Sectoral Impact of Asymmetric Monetary Policy in Türkiye
dc.typeArticle

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