A Monetary and Financial Policy Analysis and Forecasting Model for the Philippines (PAMPh2.0)

A Monetary and Financial Policy Analysis and Forecasting Model for the Philippines (PAMPh2.0) PDF Author: Francisco G. Dakila Jr.
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 116

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Book Description
The Bangko Sentral ng Pilipinas (BSP) has enhanced its macroeconomic modeling through the Forecasting and Policy Analysis System (FPAS), transitioning from a multi-equation econometric model to a modernized system centered on the Quarterly Projection Model (QPM). In its new version, the Policy Analysis Model for the Philippines (PAMPh2.0) integrates forward-looking projections, endogenous monetary policy, fiscal and macroprudential considerations, labor dynamics, and addresses complex shocks and policy trade-offs, facilitating effective policy mix determination and supporting real-time policy evaluation. The BSP’s modernization efforts also include refining forecast calendars and strengthening communication channels to accommodate the operationalization of PAMPh2.0. Detailed validation methods ensure empirical consistency. Finally, future refinements will align the model with evolving empirical findings and theoretical insights, ensuring its continued relevance.

A Monetary and Financial Policy Analysis and Forecasting Model for the Philippines (PAMPh2.0)

A Monetary and Financial Policy Analysis and Forecasting Model for the Philippines (PAMPh2.0) PDF Author: Francisco G. Dakila Jr.
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 116

Get Book Here

Book Description
The Bangko Sentral ng Pilipinas (BSP) has enhanced its macroeconomic modeling through the Forecasting and Policy Analysis System (FPAS), transitioning from a multi-equation econometric model to a modernized system centered on the Quarterly Projection Model (QPM). In its new version, the Policy Analysis Model for the Philippines (PAMPh2.0) integrates forward-looking projections, endogenous monetary policy, fiscal and macroprudential considerations, labor dynamics, and addresses complex shocks and policy trade-offs, facilitating effective policy mix determination and supporting real-time policy evaluation. The BSP’s modernization efforts also include refining forecast calendars and strengthening communication channels to accommodate the operationalization of PAMPh2.0. Detailed validation methods ensure empirical consistency. Finally, future refinements will align the model with evolving empirical findings and theoretical insights, ensuring its continued relevance.

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Publisher:
ISBN:
Category : World War, 1939-1945
Languages : en
Pages : 110

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Publisher:
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Languages : en
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Publisher:
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Publisher: Franklin Classics
ISBN: 9780342297054
Category :
Languages : en
Pages : 396

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This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

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ISBN:
Category : Agriculture
Languages : en
Pages : 496

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Category : Agriculture
Languages : en
Pages : 844

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Category : Agriculture
Languages : en
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