Inflation and Economic Growth in the Philippines

Josef T. Yap

No DP 1996-11, Discussion Papers from Philippine Institute for Development Studies

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.

Keywords: economic recovery; inflation; economic growth (search for similar items in EconPapers)
Pages: 26
Date: 1996
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Citations: View citations in EconPapers (4)

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