Abstract
This study adopts fundamentally the same framework as the other econometric models built by the Department of Economic Research, Central Bank of the Philippines (CBP),1) and presents a small scale model which attempts to reflect the main characteristics of the Philippine economy and permits also its policy analysis. A number of modifications have been made to improve the previously obtained results and to come up with more extensive analyses of the model and its implications.2)The model focuses its attention on: 1) the channels of transmission of the effects of monetary policies to target variables like prices, real income and the balance of payments; and 2) the feedback process from non-monetary to domestic monetary variables.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1985 Springer-Verlag Tokyo
About this paper
Cite this paper
Zialcita, E.P., Lucas, P.B., Alfiler, F.R., Manalac, W.C., Ichimura, S. (1985). The Philippines Model. In: Ichimura, S., Ezaki, M. (eds) Econometric Models of Asian Link. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68028-4_5
Download citation
DOI: https://doi.org/10.1007/978-4-431-68028-4_5
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-70007-4
Online ISBN: 978-4-431-68028-4
eBook Packages: Springer Book Archive