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 President Aquino even as the political [...]
Bangko Sentral Needs More Credibility as Philippines Inflation Fighter 307.0
The Bangko Sentral ng Pilipinas (BSP) will review its forecast of Philippines inflation for the year 2011 on its May 5 Board meeting according to a news report by BusinessWorld Online today. I believe the review becomes necessary because the BSP keeps repeating the classic error of time inconsistency – in behavioral economics – and [...]
