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Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data, Arto Kovanen

Abstract
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
Table Of Contents
""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""
Language
eng
Literary Form
non fiction
Note
"February 2006."
Physical Description
1 online resource (29 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613829337

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