Transmission of price shifts in the context of structural adjustment: An empirical analysis for staple food after the devaluation of the franc CFA in Ivory Coast
研究了科特迪瓦法郎贬值后主食价格的传导机制，发现进口大米部门自由化是关键因素，价格管制会阻碍调整并可能产生保护弱势群体与激励效应的权衡。
Abstract This article analyses price shifts after currency devaluation in the Ivory Coast using a time‐series modelling approach. Model results identify the liberalisation of the import‐rice sector as the key factor for the transmission of price effects. Fixation of the imported rice price as a social compensatory measure hindered the adjustment of prices in the first year after the devaluation. As soon as the price controls on imported rice were lifted, prices changed in favour of tradable goods. The findings in this paper hint at a possible trade‐off between the protection of vulnerable groups during the process of adjustment and the intended incentive effect.