Philippines Selected Issues Paper
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 estimat...
Corporate Author: | |
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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
2011
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Series: | IMF Staff Country Reports
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Subjects: | |
Online Access: | |
Collection: | International Monetary Fund - Collection details see MPG.ReNa |
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 |
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Physical Description: | 39 pages |
ISBN: | 9781455219971 |