Measuring the effects of external shocks and the policy response to them: empirical methodology applied to the Philippines.
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TextSeries: Policy research working paper 1271Publication details: Washington : World Bank, 1994.Subject(s): Summary: This papers examines how external shocks such as commodity price changes, variations in global demand, and fluctuating interest affect economic performance and how those effects are integrated by the right policy responses at the right time. It introduces a methodology for measuring the effect on current account of external shocks and applies it for the Philippines.
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This papers examines how external shocks such as commodity price changes, variations in global demand, and fluctuating interest affect economic performance and how those effects are integrated by the right policy responses at the right time. It introduces a methodology for measuring the effect on current account of external shocks and applies it for the Philippines.
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