Baky Essay

5354 words - 22 pages

Management Department

Cyclical Effects of Inflation in the Economy of Bangladesh

Course Name:- Micro Economics
Course Number:- 1208
Submitted To
Mr. Shah Redwan Chowdhury
Assistant Professor
Management Studies
Jagannath University

Submitted By
Amity (Group-07)
6th Batch, Sec:-B
Management Studies
Jagannath University

Sl/No | Name | Roll | Status |
01 | Abul Hasan Emon | 114922 | Absent |
02 | Ashif Manowar Oli | 114924 | Present |
03 | Fatema Tuz ...view middle of the document...

2 January 2013
Mr. Shah Redwan Chowdhury
Assistant Professor
Micro Economics
Management Department
Jagannath University,Dhaka.

Dear Sir,
We are pleased to present to you an assignment of cyclical effects of the inflation in the economy in Bangladesh.
This report is prepared for the theoretical concept of inflation, the effects of inflation and the real sight of the economy of Bangladesh. In this report we try to describe the effects of inflation in the economy system of Bangladesh.

So we therefore pray and hope that you would be kind enough to accept our report and oblige thereby.

Yours Sincerely
Roll- 114922-114940, Sec-B
Management Department
6th Batch, Session: 2010-11.

Table of Contents:

Sl.No | Title | Page No |
1 | Executive Summary | 1 |
2 | Introduction | 3 |
3 | Literature Review | 4 |
4 | Actual Scenario in Bangladesh | 6 |
5 | Recommendation | 8 |
6 | Conclusion | 16 |
7 | Bibliography | 17 |

Table of Graphs:

Sl.No | Title | Page No |
1 | Inflation Rate | 6 |
2 | Inflation Graph | 6 |
3 | Inflation Map | 7 |
4 | Inflation Rate In City And Urban | 7 |
5 | Inflation Rate in year | 7 |
6 | Comparison Of Inflation | 8 |

1) Executive Summary:

Following the low inflation regime in the 1990s and early 2000s, many economies (net commodity importing countries, in particular) around the world are now facing exorbitant price hike in fuel and non-fuel commodities. The current wave of inflation has been eroding purchasing power of the low and middle income people in Bangladesh, as they need to pay much higher bills for food grain and other commodities. The Exchequer of Bangladesh, which absorbs the petroleum price hike significantly, is also under severe pressure as oil prices are now hovering around US$100 a barrel in the international market. According to the Bangladesh Bureau of Statistics, the overall inflation in Bangladesh was 8.66 percent on 12-month annual average and 11.21 percent on point-to-point basis in November 2007; whereas the food-inflation hit 13.83 percent in the same period. The concerned authorities in Bangladesh have taken several measures to contain the current inflation. However, some of their measures have proven to be countervailing and the ongoing inflation in the economy shows no sign of restrain.
The relationship between inflation and economic growth is a controversial one in economic literature as two schools of thought, namely, the monetarist and the structuralisms, have opposite views on inflation-growth link. Nevertheless, based on existing literature and central bankers’ growing affair with inflation targeting policies, it can be stated that a low to-moderate-inflationary regime is a sine qua non for the pursuit of economic growth with stability. For Bangladesh, a study on inflation-growth nexus shows that the threshold level of inflation is six percent and any rate beyond this negatively affects its economic growth.
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