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 Neary framework that BSP analysts used in [...]
Federal Reserve Waves Standard for BSP to Emulate 269.0
With its publication earlier today of the details of what the New York Times reported as “Fed Papers Show Breadth of Emergency Measures” as first released by the Federal Reserve, the Fed proves itself again to be the gold standard among central banks. A Dual and often contradictory Charter. As with the Bangko Sentral ng [...]
Fiscal Challenges to Pres Aquino for a Stable Innovator Peso 230.0
From news reports, the new Aquino Cabinet spent the whole day, yesterday, checking on the veracity of the Arroyo economic statistics suspecting that the numbers to have been embellished to show better than real Arroyo performance. This seemingly unseemly activity from the new administration to the last is necessary to have a solid basis for [...]
Tempests Threaten the Philippines and the Peso in Power Game 217.0
In Q1, the Arroyo administration spent P400 billion from borrowed funds mainly for infrastructure to buy Administration support for the elections. This has resulted into a blip of a growth surge to 7.3% for the quarter but leaves an egg for a huge budget deficit for the incoming Aquino administration for the rest of 2010. [...]
SYNTHESiST Surveys on Philippine Financial Problems 168.0
A screening poll for SYNTHESiST readers to know ourselves more I have created a screening survey below (on 2/2 posted on Sidebar, too.) to know how the group’s choices affect innovation, in the long term. Please choose one answer as honestly as you can. Your choice represents an important part of the collective voice of [...]
Deficit Devalues Peso, Cuts Investment and Innovation 125.0
One of the main barriers to long-term foreign direct investment (FDI) in the Philippines is currency risk. With low FDI, the Philippines is deprived of a major source of intensive learning and innovation. Currency risk arises from the change in price of one currency against another. Every Filipino and his uncle seem to agree that [...]
