This study used the Bayesian methodology to estimate and calibrate a small-scale DSGE model of the Philippines. The goal of this study was to review the risk associated with increases in sovereign deficits. The major results of the study are: Estimates of fiscal rules show that fiscal authority...

In this paper we want to provide stylized facts about the business cycles in the Philippines using Baxter and King and HP filter. The paper aims to add to the existing literature in characterizing Philippines business cycle, specifically we want to describe not only the characteristic of the...

The Great Financial Crisis of 2008 not only marks the period of great period accommodation among central bank to support liquidity in the financial system; but also marks the period where Fed, BOJ, ECB and BOE perform a courageous act of policy experimentation. The paper surveyed the different...

ASEAN Economic Community (AEC) is the vision of 10 nations in South East Asia to form a single common market and production based that will foster growth in the region. One of the pillars of AEC is financial integration which goaled to allow a seemingly interconnected capital market in South...