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Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data Author info | Abstract | Publisher info | Download info | Related research | Statistics Arto Kovanen
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.
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Paper provided by International Monetary Fund in its series IMF Working Papers with number
06/53.
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Length: 29 pages
Date of creation: 09 Mar 2006Date of revision:
Handle: RePEc:imf:imfwpa:06/53Contact details of provider: Postal: International Monetary Fund, Washington, DC USA Phone: (202) 623-7000 Fax: (202) 623-4661 Email: Web page: http://www.imf.org/external/pubind.htm More information through EDIRC
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Keywords: Inflation ; Sierra Leone ; Prices ; This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Peter J. Klenow & Oleksiy Kryvtsov, 2005.
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Other versions:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Jan Gottschalk & Ken Miyajima & Kadima D. Kalonji, 2008.
"Analyzing Determinants of Inflation When There Are Data Limitation:The Case of Sierra Leone ,"
IMF Working Papers
08/271, International Monetary Fund.
[Downloadable!]
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