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Measuring the effects of external shocks and the policy response to them: empirical methodology applied to the Philippines.

By: McCarthy, F Desmond; Neary, Peters.
Material type: materialTypeLabelBookSeries: Policy research working paper 1271. Publisher: Washington : World Bank, 1994Subject(s): Economic policy | Economic evaluation -- Foreign investments//Philippines/. -- Economic evaluation -- Foreign investments//PhilippinesSummary: 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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