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Inflation and Economic Growth in the Philippines

Author

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  • Yap, Josef T.

Abstract

Analysis of pertinent data shows that Krugman’s warning about the serious repercussions of a number of disinflation methods is relevant for the Philippine case. While financial managers have correctly responded during the crisis years, policy responses during the recovery phases from 1986-1995 have been myopic. Analysis also indicates that prevention of real effective exchange rate given volatile capital flows requires interest targeting from the Central Bank.

Suggested Citation

  • Yap, Josef T., 1996. "Inflation and Economic Growth in the Philippines," Discussion Papers DP 1996-11, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1996-11
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/inflation-and-economic-growth-in-the-philippines
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    Citations

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    Cited by:

    1. Rafael Martin M. Consing & Angelo Jose B. Lumba & Julian Thomas B. Alvarez, 2018. "Linking Inflation Differential Across Regions to Unemployment in the Philippines," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 6(3), pages 356-373, September.
    2. Valera, Harold Glenn A. & Holmes, Mark J. & Hassan, Gazi M., 2017. "How credible is inflation targeting in Asia? A quantile unit root perspective," Economic Modelling, Elsevier, vol. 60(C), pages 194-210.
    3. Veronica Bayangos & Karel Jansen, 2010. "The Macroeconomics of Remittances in The Philippines," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 28(61), pages 18-58, August.
    4. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.

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