Is inflation targeting preferred by Filipinos?
AbstractAnalysis of World Values Survey 2000 data for the Philippines finds that lower income Filipinos are more likely than the upper income ones to support inflation targeting. The same can be said of older, healthier, and employed Filipinos but not of the educated and financially satisfied ones. Given the profile of people who preferred inflation targeting, the shift from monetary targeting to inflation targeting is deemed a pro-poor policy shift. Further analyses find that, in 2000, at least 53.1% of Filipino households preferred inflation targeting; in other words, the preference of Filipino society in 2000 was in line with the preference of the Bangko Sentral ng Pilipinas for inflation targeting.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24382.
Date of creation: 12 Aug 2010
Date of revision:
Inflation targeting; central bank policy; Philippines; Filipino preference;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
- C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-21 (All new papers)
- NEP-CBA-2010-08-21 (Central Banking)
- NEP-MAC-2010-08-21 (Macroeconomics)
- NEP-MON-2010-08-21 (Monetary Economics)
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