The BSP's monetary policy reaction function from 1992 to 2003

This paper attempts to empirically determine the Philippine central bank's recent monetary policy stance before and after it adopted the inflation-targeting framework, as revealed by its interest-rate setting behavior. Employing Clarida, Galí, and Gertler's [1998, 2000] forward-looking mod...

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Bibliographic Details

Published in:	The Philippine Review of Economics Vol. XLIII, No. 2 (December 2006), p. [23]-48.
Main Author:	Salas, John Michael Ian S. (Author)
Resource Type:	Analytics
Language:	English
Published:	2006.
Subjects:	Monetary policy > Philippines. Banks and banking > Philippines. Inflation (Finance) > Philippines. Financial crises > Effect of monetary policy on.
Online Access:	https://forms.gle/KZjBv7aRtY6jiL5E9