How “Independent” Should Central Banks Be?

Posted on Leave a commentPosted in 2012-2013

By Jan Fredrick Cruz and Aaron Salvan The importance of central banks, such as our very own Bangko Sentral ng Pilipinas (BSP), cannot be overemphasized. The government can influence economic activity through either fiscal policy (spending and taxation) or monetary policy (controlling the money supply and setting the interest rates), and central banks usually have […]

Keeping Power and Money in the Family: The Economics of Philippine Political Dynasties

Posted on Leave a commentPosted in 2012-2013

By Jaime Zulueta and Miguel Cordero In the case of the Philippines, winning elections runs in the family. The Philippine Constitution of 1987 says in Section 26 of the State’s Policies that “the State shall guarantee equal access to opportunities for public service and prohibit political dynasties as may be defined by law.” However, it seems that […]

On the Mindanao Economy

Posted on Leave a commentPosted in 2012-2013

by Iesous Jireh Hernandez, Emmanuel Concina, and Dino Saplala You have probably heard it many times that “the Philippines is a rich country pretending to be poor”. Dr. Cielito Habito, Economics professor of the Ateneo de Manila University and Philippine Daily Inquirer columnist, adds to this further by describing the “natural resource curse”. You can immediately recognize what […]

Conversations With Sir Noel

Posted on Leave a commentPosted in 2012-2013

Transcripts of Donald Jay Bertulfo and Carlo Robert Mercado Interview by Austin Aris Tinimbang When former students reminisce about Noel de Guzman, they don’t see a former economics department chairperson that carry an aura of authority nor a know-it-all someone with a PhD from Fordham University tucked in his belt. Rather, they see a light-spirited […]

IT’S MORE FUN IN PSE: The Philippine Stock Exchange and the Philippine Economy

Posted on Leave a commentPosted in 2012-2013

by Aaron Salvan, Dino Saplala, Carlo Sarino Believe it or not, you need to know stock exchange. You might be wondering why you should be happy about the performance of the Philippine stock market, whose main index has been hitting many record highs this year. President Aquino himself is confidenta that it will even reach 6,000 soon.

RH Bill: Beyond Economics

Posted on Leave a commentPosted in 2012-2013

Before the great brouhaha over the FOI Bill and the Anti-Cybercrime Law, the Reproductive Health Bill was the talk of the town. Indeed, months ago, the debate over the proposed law was so intense that the public seemed deeply polarized between the pro-life and pro-choice camps. After the tension has subsided, and the public has discovered new […]

Rebuilding the Philippine Economy*

Posted on Leave a commentPosted in 2012-2013

By Edsel L. Beja, Jr.** Introduction Following the adage “a picture is worth a thousand words,” a collage of statistics, graphs, and sentences that highlight the key points are presented in this article to challenge the reader’s impressions of the Philippine economy. This historical macroeconomic perspective can lead to an understanding of why the Philippines is performing the […]

ON CAMPAIGNING, GOVERNING, AND LAWMAKING: Recollections and Reflections of a Former President

Posted on Leave a commentPosted in 2012-2013

Exclusive interview with Donald Jay Bertulfo and Katherine Peralta Transcripts by Xavier Roel Alvaran and Lorenzo Miguel Cordero Veteran of many wars. Distinguished officer of the armed forces. Hero of People Power. Loyal member of the Cory Aquino Cabinet. Defender of democracy against military adventurism. And, from 1992 to 1998, a father to his country. What more […]