03767oam 22009374 450 991096732020332120250426110731.0978661382933797814623760491462376045978145198936614519893699781283516884128351688897814519084971451908490(CKB)3360000000443859(EBL)3014317(SSID)ssj0000940726(PQKBManifestationID)11502820(PQKBTitleCode)TC0000940726(PQKBWorkID)10955566(PQKB)10379385(OCoLC)698585496(MiAaPQ)EBC3014317(IMF)WPIEE2006053(IMF)WPIEA2006053WPIEA2006053(EXLCZ)99336000000044385920020129d2006 uf 0engur|n|---|||||txtccrWhy Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data /Arto Kovanen1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working Papers"February 2006."9781451863130 1451863136 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 modelsAgriculture: Aggregate Supply and Demand AnalysisimfConsumer price indexesimfDeflationimfFood pricesimfInflation persistenceimfInflationimfMacroeconomicsimfPrice indexesimfPrice LevelimfPricesimfSticky pricesimfSierra LeoneimfInflation (Finance)Econometric models.PricingEconometric models.Agriculture: Aggregate Supply and Demand AnalysisConsumer price indexesDeflationFood pricesInflation persistenceInflationMacroeconomicsPrice indexesPrice LevelPricesSticky pricesKovanen Arto1816482International Monetary Fund.African Dept.DcWaIMFBOOK9910967320203321Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data4372589UNINA