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Philippine Macroeconomic Issues And Their Causes

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  • Gerardo P. Sicat

    (School of Economics, University of the Philippines Diliman)

Abstract

This paper reviews some macroeconomic issues relating to the current Philippine economy. To provide a proper understanding of these issues, their link will be associated with their structural underpinnings. Persistent macroeconomic problems often require a policy adjustment. Inevitably, the assessment of the problems boils down to an understanding of what gets done, what gets delayed or what is not possible to do under the circumstances. A further device in presenting the issues is through a comparison with the experience of other East Asian and high growth countries, which includes some ASEAN countries.

Suggested Citation

  • Gerardo P. Sicat, 2006. "Philippine Macroeconomic Issues And Their Causes," UP School of Economics Discussion Papers 200605, University of the Philippines School of Economics.
  • Handle: RePEc:phs:dpaper:200605
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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/78/70
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    References listed on IDEAS

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    1. Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2005. "An essay on the revived Bretton Woods system," Proceedings, Federal Reserve Bank of San Francisco.
    2. Ronald McKinnon & Gunther Schnabl, 2004. "The East Asian Dollar Standard, Fear of Floating, and Original Sin," Review of Development Economics, Wiley Blackwell, vol. 8(3), pages 331-360, August.
    3. Carsten Hefeker & Andreas Nabor, 2005. "China's role in East-Asian monetary integration," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 10(2), pages 157-166.
    4. Barry Eichengreen & Yeongseop Rhee & Hui Tong, 2004. "The Impact of China on the Exports of Other Asian Countries," NBER Working Papers 10768, National Bureau of Economic Research, Inc.
    5. Wei Zhang & Tao Zhang, 2005. "Competitiveness of China's Manufacturing Industry and its Impacts on the Neighbouring Countries," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 3(3), pages 205-229.
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