03548oam 22008414 450 991078870050332120230828235839.01-4623-7604-51-4519-8936-91-283-51688-897866138293371-4519-0849-0(CKB)3360000000443859(EBL)3014317(SSID)ssj0000940726(PQKBManifestationID)11502820(PQKBTitleCode)TC0000940726(PQKBWorkID)10955566(PQKB)10379385(OCoLC)698585496(MiAaPQ)EBC3014317(IMF)WPIEE2006053(EXLCZ)99336000000044385920020129d2006 uf 0engur|n|---|||||txtccrWhy Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data /Arto KovanenWashington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working Papers"February 2006."1-4518-6313-6 Includes bibliographical references.""Contents""; ""I. Introduction""; ""II. Empirical Studies on Pricing Behavior""; ""III. Some Stylized Facts�Cross-Sectional Evidence""; ""IV. What Explains the High Frequency of Price Changes?""; ""V. What Determines the Frequency of Price Changes Over Time?""; ""VI. Conclusions""; ""References""; ""APPENDIX""We use cross-section and time-series techniques to analyze pricing behavior in Sierra Leone. In cross-sectional data, we find that inflation volatility and product diversification are the main factors explaining differences in the frequency of price adjustments. We show that variance in the fraction of prices subject to change is a key determinant of inflation volatility in Sierra Leone, indicating that retail prices are sensitive to economic events. We explain variations in this fraction over time with past inflation and monetary growth, which are important policy variables.IMF Working Papers; Working Paper ;No. 2006/053Inflation (Finance)Sierra LeoneEconometric modelsPricingSierra LeoneEconometric modelsInflationimfMacroeconomicsimfPrice LevelimfDeflationimfAgriculture: Aggregate Supply and Demand AnalysisimfPricesimfConsumer price indexesimfFood pricesimfInflation persistenceimfSticky pricesimfPrice indexesimfSierra LeoneimfInflation (Finance)Econometric models.PricingEconometric models.InflationMacroeconomicsPrice LevelDeflationAgriculture: Aggregate Supply and Demand AnalysisPricesConsumer price indexesFood pricesInflation persistenceSticky pricesPrice indexesKovanen Arto1464151International Monetary Fund.African Dept.DcWaIMFBOOK9910788700503321Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data3673713UNINA