Getting prices right: what should be done?

Article Abstract:

It is doubtful whether recommendations to improve the accuracy of the Consumer Price Index (CPI) would be feasible. For one, the index is being tasked to measure consumers' purchasing behavior, something that is not static and is affected by all sorts of non-measurable factors. It is hard to distinguish between inflationary increase in prices and manufacturers' raising of prices for improvements on quality of products. It would be more advisable to enlarge the scope of the Consumer Expenditure Survey. This component of the CPI provides data on income, consumption and savings.

Evaluation, Measurement, Surveys, Prices, Inflation (Finance), Consumption (Economics), Consumer behavior, Economic surveys, Consumer price indexes, Inflation (Economics)

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Commodity prices and growth in Africa

Article Abstract:

Commodity exports can provide revenue for investment funds, yet there have also been problems associated with commodity exports. Resources can be reallocated away from manufacturing. The quality of investments may be low and projects may not be properly thought out, as has sometimes been the case in Africa. Revenues and production may be affected by tax levels and a high exchange rate. Public spending may increase by too much during booms when government revenue is high. Investment appraisal is a key issue in promoting development in Africa.

Economic policy, Economic development, Africa, Commodities

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The determinants of mortality

Article Abstract:

Growth in real incomes due to changes in differential wages in labor market due to reduced mortality rate in the United States is described.

United States, Forecasts, trends, outlooks, Forecasts and trends, Mortality, Market trend/market analysis, Labor market, Wages, Wages and salaries, Personal income, Salary, Labour market

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