Philippines: Selected Issues Paper
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. 2011/058
Subject:
Fiscal consolidation Fiscal policy Fiscal stance Inflation National accounts Prices Private investment Production Total factor productivity
English
Publication Date:
March 1, 2011
ISBN/ISSN:
9781455219971/1934-7685
Stock No:
1PHLEA2011001
Pages:
39
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