Why Do Prices in Sierra Leone Change So Often? a Case Study Using Micro-Level Price Data

Author/creator Kovanen, Arto Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description39 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451908497
ISBN1451908490 (E-Book) Active Record
Stock number00013468

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