Is inflation targeting preferred by Filipinos?

Edsel Beja

MPRA Paper from University Library of Munich, Germany

Abstract: Analysis of World Values Survey 2000 data for the Philippines finds that lower income Filipinos are more likely than the upper income ones to support inflation targeting. The same can be said of older, healthier, and employed Filipinos but not of the educated and financially satisfied ones. Given the profile of people who preferred inflation targeting, the shift from monetary targeting to inflation targeting is deemed a pro-poor policy shift. Further analyses find that, in 2000, at least 53.1% of Filipino households preferred inflation targeting; in other words, the preference of Filipino society in 2000 was in line with the preference of the Bangko Sentral ng Pilipinas for inflation targeting.

Keywords: Inflation targeting; central bank policy; Philippines; Filipino preference (search for similar items in EconPapers)
JEL-codes: B00 C80 D12 E31 (search for similar items in EconPapers)
Date: 2010-08-12
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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