Philippines : Selected Issues Paper

Publication Date: March 01, 2011
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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(s): Economic growth | Economic models | Employment | Fiscal consolidation | Inflation targeting | Production | Productivity | Selected issues

Publication Date: March 01, 2011
ISBN/ISSN: 9781455219971/1934-7685 Format: Paper
Stock No: 1PHLEA2011001 Pages: 39
US$18.00 (Academic Rate:
US$18.00 )
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