Can P* Be a Basis for Core Inflation in the Philippines

While previous studies utilizing P* indicates that the model is better applicable with large countries, the paper argues that the Philippine case should include a foreign gap price. Further work should also focus on estimating more appropriate values of Q* and V*.

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Year of publication:	1996
Authors:	Yap, Josef T.
Institutions:	Philippine Institute for Development Studies (PIDS), Government of the Philippines
Subject:	econometric modeling

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number DP 1996-10 9 pages long
Source:	RePEc - Research Papers in Economics

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