01649cas a2200241 a 4500 AALejournalIMF008952 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863130 1018-5941 BD-DhAAL BD-DhAAL Kovanen, Arto. Why Do Prices in Sierra Leone Change So Often? : A Case Study Using Micro-level Price Data / Arto Kovanen. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/053 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/053/001.2006.issue-053-en.xml IMF e-Library