Philippines : Selected Issues Paper

Author/Editor:

International Monetary Fund

Publication Date:

March 1, 2011

Electronic Access:

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Summary:

This paper estimates potential growth in the Philippines using different methodologies, and discusses growth prospects for the medium term. Several approaches can be used to estimate potential growth. It also describes a forecasting and monetary policy analysis system (FPAS) model. Using the estimated parameters and distributions for the stochastic shocks, solutions are derived for the variability in inflation and the output gap under alternative monetary policy reaction functions. Further work could extend the FPAS model for the Philippines in a number of directions.

Series:

Country Report No. 11/58

Subject:

English

Publication Date:

March 1, 2011

ISBN/ISSN:

9781455219971/1934-7685

Stock No:

1PHLEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

39

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