Inflation and Machinery Cost Budgeting

Inflation and Cost Push in Iran's Economy

There have been two broad theories of inflation, namely the demand-pull theory of inflation (that is nowadays mainly the monetary theory of inflation) and the cost-push theory of inflation. The mainstream macroeconomics views inflation as a monetary phenomenon in the long run. Iran has experienced double-digit rates of inflation for about four decades. Our main aim is an explanation for the lon...

Cost of anaesthetic drugs and clinical budgeting.

In 1980 Astley and Secker Walker calculated that the average total cost to the National Health Service of one anaesthetic was £29-98.' The cost of drugs for the year 1979-80 was £44 032 or 8 6% of the total hospital cost of anaesthesia of £506 459. This paper examines the drugs bill for the University College Hospital group of hospitals between April 1984 and March 1985 and compares it directly...

Cost Allocation For Capital Budgeting

The Impact of Inflation on Capital Budgeting and Working Capital

A major impact on both financial theory and the practice of financial decision making has been the economic instability, especially in prices, evidenced in the U.S. economy since the mid 1960’s. Inflation in the past few years has not been a major macro economic problem, but its spectere, as demonstrated by the Fed’s recent increases in interest rates, is never for the agendas of financial deci...

The Welfare Cost inflation in Iran

The purpose of this paper is to estimate the welfare cost of inflation in Iran. We first use the long-horizon regression approach developed by Fisher and Seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the Baily’s consumer surplus approach to calculate the welfare cost function. The results show that reducing inflation rate from 40% to 0% increases ...