00000caa a22000003i 4500 UP-1685594773862388429 Buklod 20210312113236.0 m | | ta 210604s2013 xx a r |||| u|eng d 16551516 (iLib)UPBAG-00039458431 BAG rda eng ARTICLE-2630 Cacnio, Faith Christian Q. author. Analysing inflation dynamics in the Philippines using the new Keynesian Phillips curve Faith Christian Q. Cacnio. [Quezon City] School of Economics, University of the Philippines 2013. pages 53-81 illustrations 23 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 77-82) This study analyses short-run inflation dynamics in the Philippines using the new Keynesian Phillips curve (NKPC) framework. The NKPC highlights the inclusion of microbased behavioral models for economic agents (i.e., households and firms) in deriving the relationship between inflation and economic activity. A key finding of this paper is the declining sensitivity of inflation to changes in the real variables of the economy. Various reasons have been cited to explain this phenomenon, which is often referred to in the literature as the flattening of the Phillips curve. For the Philippines, the adoption of inflation targeting and increased trade openness contributed to the flattening of the Phillips curve. Inflation (Finance) Philippines. Inflation (Finance) Philippines Mathematical models. Phillips curve. The Philippine Review of Economics Vol. 50, no. 2 (December 2013), p. 53-81. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 FI UPBAG UPBAG-MAIN ARTICLE-2630 Analytics