Philippines: Selected Issues

May 22, 2006

Preview Citation

Format: Chicago

Philippines: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

This Selected Issues paper on the Philippines reviews the diminished volatility of the Republic of Philippines bonds (RoPs), even through a period of extended turbulence cannot be attributed solely to the sanguine global factors currently prevailing across all credit markets. Considerable fiscal gains have already been achieved following the introduction of these reforms. The estimated magnitude of second-round effects for the Philippines is likely an upper bound, as greater competition, ongoing fiscal consolidation, and enhanced monetary policy credibility will likely reduce the scope for second-round effects over time.

Subject: Fiscal consolidation, Fiscal policy, Fiscal stance, Inflation, Prices, Revenue administration

Keywords: Africa, Core inflation, Core inflation measure, CR, East Asia, Fiscal consolidation, Fiscal stance, Global, Growth regression, Inflation, Inflation expectation, ISCR, Peso bonds return, Philippines, RoPs, RoPs desirable

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/181
Stock No:

1PHLEA2006002
ISBN:

9781451831375
ISSN:

1934-7685

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