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.
Huffman, Wallace E. and Langley, Suchada V., "Differential Effects of Monetary Policy on the U.S. Agricultural and Nonagricultural Sectors" (1987). Economic Staff Paper Series. 20.