Consumer Price Index Research Papers (original) (raw)

CHAPTER 8 Economic Reforms, Growth, and Governance: The Political Economy Aspects of Bangladesh's Development Surprise Wahiduddin Mahmud, Sadiq Ahmed, and Sandeep Mahajan Bangladesh emerged from its war of independence desperately... more

CHAPTER 8 Economic Reforms, Growth, and Governance: The Political Economy Aspects of Bangladesh's Development Surprise Wahiduddin Mahmud, Sadiq Ahmed, and Sandeep Mahajan Bangladesh emerged from its war of independence desperately poor, overpopulated, and ...

In Issuing convertible bonds has become a popular way of raising capital by corporations in the last few years. An important subgroup is convertibles linked to a price index or exchange rate. The valuation model of inflation-indexed (or... more

In Issuing convertible bonds has become a popular way of raising capital by corporations in the last few years. An important subgroup is convertibles linked to a price index or exchange rate. The valuation model of inflation-indexed (or equivalently foreign-currency) convertible bonds derived in this paper considers two sources of uncertainty allowing both the underlying stock and the consumer-price-index to be stochastic and incorporates credit risk in the analysis. We approximate the pricing equations by using a Rubinstein (1994) three-dimensional binomial tree, and we describe the numerical solution. We investigate the sensitivity of the theoretical values with respect to the characteristics of the issuer, the economic environment and the security s characteristics (number of principal payments). Moreover, we demonstrate the usefulness and the limitations of the pricing model by using inflation-indexed and foreign-currency linked convertibles traded on the Tel- Aviv stock exchange.

In engineering projects, the cost of construction depends on the cost of materials and labours. The cost of materials and labours are fluctuating based on market trends. In this context, the price variation clause is included in most of... more

In engineering projects, the cost of construction depends on the cost of materials and labours. The cost of materials and labours are fluctuating based on market trends. In this context, the price variation clause is included in most of the contract agreements to adjust the construction cost from the likely cost differences occurring due to the market fluctuations. From the Indian perspective, the price variations are assessed mostly based on the consumer price indices and wholesale price indices published in the Reserve Bank of India Bulletin. Due to the changes in the base year of the indices and the calculation method adopted by the Railways thereupon for the price variation, they often end up in a dispute between the contractor and the Railways. This paper primarily aims to bring out the monthly variation of the wholesale price indices with different base years and their impact on the price variation amount in Indian railway engineering projects and the disputes arising thereon. Monthly variation of indices, price variation amount calculated with different series indices, and conflicts on price variation due to the transition of old base year series indices to new base year series indices are dealt in detail . It is found that the price variation amount calculated with different series indices for the same quantity of works done during the same period are differing much and which is the root cause of the disputes on price variation

The study presents the monetary policy indicators and the measures of economic growth in the Philippines for the past 30 years. It determines the role of the selected macroeconomic indicators on the economic growth in the country through... more

The study presents the monetary policy indicators and the measures of economic growth in the Philippines for the past 30 years. It determines the role of the selected macroeconomic indicators on the economic growth in the country through the analysis of the functional relationship of monetary policy indicators on gross domestic product and finally determine the causality among macroeconomic indicators. The descriptive result showed that there has been an unstable fluctuation in some of the macroeconomic variables from 1986 to 2017. The study concludes that there is a significant relationship between money supply, inflation rate and economic output (GDP). It is therefore observed that money supply and inflation cause the fluctuation in gross domestic product but not vice versa. An increased in inflation rate may lead to lower gross domestic product but a higher money supply leads to a higher gross domestic product. On the contrary there is no significant long run relationship observed among variables. The study further concludes that the relationship between variables is unidirectional.

DISCLAIMER: The views expressed in this Research Report are those of the author and do not necessarily represent those of the Social Policy and Development Centre (SPDC). Research Reports describe research in progress by author (s) and... more

DISCLAIMER: The views expressed in this Research Report are those of the author and do not necessarily represent those of the Social Policy and Development Centre (SPDC). Research Reports describe research in progress by author (s) and are published to elicit comments ...

The study of the history of Quebec when it was under French rule (1608-1760) has been hampered by the absence of a reliable price index. This first section of my thesis solves this problem by creating a price index drawn from prices... more

The study of the history of Quebec when it was under French rule (1608-1760) has been hampered by the absence of a reliable price index. This first section of my thesis solves this problem by creating a price index drawn from prices collected in the account books of two religious congregations in the Quebec City area. In combining this with other sources, it becomes possible to obtain a very broad and very precise history of price movements in the colony before its Conquest by the British.

El proposito de este trabajo es analizar la inflacion como factor distorsionante de la informacion financiera. La investigacion se centra en las tecnicas de medicion de la inflacion y el inicio del proceso de actualizacion o reexpresion... more

El proposito de este trabajo es analizar la inflacion como factor distorsionante de la informacion financiera. La investigacion se centra en las tecnicas de medicion de la inflacion y el inicio del proceso de actualizacion o reexpresion de los datos historicos arrojados por los estados financieros, asi como tambien, su incidencia bajo un escenario en Venezuela para el año 2006. Se efectuo una revision documental bibliografica basada en los fundamentos teoricos y estadisticos de: Fernandez (2002), Catacora (2000), Yanes (2006), Banco Central de Venezuela (2006), entre otros, sobre la inflacion, su medicion, calculos e incidencia. Los resultados arrojaron como la unidad monetaria en Venezuela, ha perdido su capacidad adquisitiva producto del fenomeno inflacionario, el cual se refleja en la informacion financiera de las empresas. Se concluye que los estados financieros de una empresa, constituyen el medio principal para comunicar informacion acerca de su situacion financiera y resultad...

Talloze genealogen, studenten, archivarissen, amateurhistorici, numismatici, journalisten en professionele historici krijgen te maken met sommen in frank waarvan ze de huidige waarde willen kennen. Dit artikel geeft een 'handleiding' om... more

Talloze genealogen, studenten, archivarissen, amateurhistorici, numismatici, journalisten en professionele historici krijgen te maken met sommen in frank waarvan ze de huidige waarde willen kennen. Dit artikel geeft een 'handleiding' om sommen in frank betekenis te geven in 2022 (bvb. omzetten van frank naar euro).

Kenya withstood another difficult year in 2012 as policy tightening and weaker global demand slowed economic activity. With decisive fiscal and monetary policies, the government managed to restore confidence in Kenya's medium term... more

Kenya withstood another difficult year in 2012 as policy tightening and weaker global demand slowed economic activity. With decisive fiscal and monetary policies, the government managed to restore confidence in Kenya's medium term prospects. Kenya's growth rate is still below its potential and its peers, external imbalances remain which threaten its future growth, and the pace of economic growth is not generating enough modern sector wage jobs. With the passage of the new constitution in 2010 and its implementation, stronger institutions are emerging, putting Kenya on a sound footing ready to take off. In the very short term, what remains to be done is for Kenya to deliver a credible and peaceful election in March 2013, and thereafter a smooth transfer of power. In the medium term, Kenya will need to start building a stronger foundation for growth, and undertake structural reforms to correct the external imbalances. To generate more jobs for the burgeoning educated youth pop...

The objective of this research is to determine the effects of workers' remittances (WR) on long-term inflation in the case of Pakistan. We use the consumer price index (CPI) and the wholesale price index (WPI) as indicators of inflation... more

The objective of this research is to determine the effects of workers' remittances (WR) on long-term inflation in the case of Pakistan. We use the consumer price index (CPI) and the wholesale price index (WPI) as indicators of inflation and the market determined exchange rate (EXR) regime. The data of workers' remittances (WR), CPI, WPI and EXR from July 2001 to December 2016 have been used for this analysis. The outcomes of Johansen cointegration confirmed the long run association between WR and CPI and EXR, and WR and WPI and EXR. Moreover, the WR and CPI food and EXR, and WR and WPI food and EXR also demonstrated a long run association. The results of Toda-Yamamoto Wald test and Granger causality VEC/Exogeneity Wald test concluded that there is a presence of one-way causality from workers remittances to CPI and WPI. Similar results have been revealed for food groups of both inflation indicators (CPI and WPI). Therefore, it is concluded that the influx of workers' remittances causes inflation in the case of Pakistan when the exchange rate (EXR) is also included in the VAR model.

Etienne Laspeyres (1834 – 1913) is today best known for the price index named after him, but arguably his main contribution to economic literature is his Geschichte der Volkswirthschaftlichen Anschauungen der Niederländer und ihrer... more

Etienne Laspeyres (1834 – 1913) is today best known for the price index named after him, but arguably his main contribution to economic literature is his Geschichte der Volkswirthschaftlichen Anschauungen der Niederländer und ihrer Litteratur zur Zeit der Republik (1863). This sketch sets out to consider whether this work, the contents of which will be very briefly outlined and placed into context, can be considered a Law & Economics classic, in the sense of the biographical part of the Elgar Companion to Law and Economics (1999), as well. While interesting in its own right, the discussion of this question also serves as an inroad into the discussion of exactly what type of combination of law and economics is necessary to be considered part of Law & Economics as a specific mode of scholarly inquiry.

By Jean-Paul Azam, David L. Bevan, Paul Collier, Stefan Dercon, Jan Willem Gunning and Sanjay Pradhan; Abstract: Drawing on evidence from Africa - especially Ethiopia and Uganda - the authors of this volume draw conclusions about.

The authors assess inflation in Czechoslovakia between 1985 and 1991 and identify the main causes of inflation through a literature survey and empirical studies. The official prices in centrally planned economies were never perceived by... more

The authors assess inflation in Czechoslovakia between 1985 and 1991 and identify the main causes of inflation through a literature survey and empirical studies. The official prices in centrally planned economies were never perceived by central planners to be fully market clearing. Only by coincidence would the overall price level correspond to the level associated with general equilibrium. What is

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over reliance on oil export... more

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent
need for economic diversification in the country. Although no country is immune to such global
crises, the over reliance on oil export revenue by Nigeria expose her economy excessively to
external shocks. Therefore, this research examines the impact of aggregate non-oil sector and its
determinant on economic growth. The bound test approach was explored to examine the long and
short run effects of the non-oil export and its ensuing determinants. The result reveals a significant
effect of non-oil export on economic growth in both the long and short run. Policies aimed at
boosting the level and significance of the nonoil export were proposed.