Stabilization Policies and Structural Reforms: The Philippine Case

Delano Villanueva, Roberto Mariano, Diwa C Guinigundo and Abbas Mirakhor

Chapter 12 in Economic Adjustment and Growth:Theory and Practice, 2023, pp 289-324 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionStructural Reforms in the Philippines and the Role of the IMFProtectionism in the 1950s to 1980sLiberalization in the 1990s to Present: The Role of the IMFThe Impact of Reforms on the Philippine EconomySolid Macroeconomic FundamentalsAutomatic StabilizerCredit Rating UpgradesThe Pandemic and Policy LessonsManaging Elevated Level of External DebtMaintaining Monetary and Fiscal SpacesAdopting Investment-Led Growth StrategyConclusionReferences

Keywords: Adjustment and Growth; Testing Growth Models; Labor Participation; Human and Intellectual Capital; Finance and Growth; Adaptive Inflationary Expectations; Learning by Doing; Optimal Saving; Sustainable Foreign Debt; Stabilization and Structural Policies; Emerging Economy Case Study (search for similar items in EconPapers)
JEL-codes: E E02 F4 O11 O4 (search for similar items in EconPapers)
Date: 2023
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