Differential Effects of Monetary Policy on the U.S. Agricultural and Nonagricultural Sectors

Wallace Huffman and Suchada V. Langley

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The possible adverse effects of monetary policy on the agricultural sector have been the focus of several recent papers (e.g., Johnson, 1980; Gardner, 1981; Chambers, 1984; Starleaf et al. 1985; Falk et al. 1985; and Rausser, 1985). Rausser (1985) and Staraoulis et al. (1985) have hypothesized that raacroeconoraic externalities are imposed upon agriculture because prices are relatively sticky in the nonagricultural sector.

Date: 1987-03-01
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