Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187317 
Authors: 
Year of Publication: 
1996
Series/Report no.: 
PIDS Discussion Paper Series No. 1996-11
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
Analysis of pertinent data shows that Krugman's warning about the serious repercussions of a number of disinflation methods is relevant for the Philippine case. While financial managers have correctly responded during the crisis years, policy responses during the recovery phases from 1986-1995 have been myopic. Analysis also indicates that prevention of real effective exchange rate given volatile capital flows requires interest targeting from the Central Bank.
Subjects: 
economic recovery
inflation
economic growth
Document Type: 
Working Paper

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