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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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Staff Country Reports
Subjects:
Fiscal Stance
Inflation
Private Investment
Investment
Labour; Income Economics
Public Finance & Taxation
Monetary Economics
Currency; Foreign Exchange
Deflation
Capital And Total Factor Productivity
Cost
Fiscal Policy
Industrial Productivity
Production
Fiscal Consolidation
Intangible Capital
Total Factor Productivity
National Accounts
Price Level
Foreign Exchange
Saving And Investment
Prices
Macroeconomics
Capacity
Capital
Public Finance
Production And Operations Management
Philippines
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:39 pages
ISBN:9781455219971

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