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Books and Journals

DSGE policy tool adapted by Bangko Sentral yields biased insights 340.0

DSGE is the newest type of policy analysis tool adapted by the Bangko Sentral(BSP). It complements the existing set of econometric models it uses as aids in policy making, particularly inflation targeting. Its quite-a-mouthful and technical long name is Dynamic Stochastic General Equilibrium. As with the Corden and...

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Dutch disease raised real exchange rate and caused deindustrialization 339.0

Our leading policy technocrats are near the leading edge in taking up innovative policy analysis tools for the economy – to analyze for possible Dutch disease and for a small model that accounts for the Lucas critique. I discovered two gems from the Bangko Sentral ng Pilipinas (BSP) policy group while researching...

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Technocrats quietly fortify institutions as Filipino politicos bicker 338.0

Technocrats have been asked to temporarily govern Greece and Italy as the professional politicians seem fearful of doing the necessary and lose votes. We are fortunate that Filipino technocrats in the economics sphere like Finance, the Bangko Sentral ng Pilipinas (BSP) and Budget and Management are working well with...

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Political Science is natural limit to a joyful journey of synthesis 337.0

Political science seems the natural limit to an enjoyable journey of synthesis that started with innovation. For an emerging market, I always believed that Government has a big role to play in catch up development. This is proven especially by the success of our neighbors in East Asia. The question is more about how...

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Crises cracking globalization along the varieties of capitalism 336.0

Varieties of capitalism is a line of inquiry in political science for describing capitalism’s broad brush based on the elements that make it work. Professor July Teehankee of La Salle introduced the approach to me by recommending the Hall and Soskice book pictured below left. Other than Cuba and North Korea,...

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