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Publication Detail
TAPS PP 1999-09: Open Macroeconomy: Five Suggested Indicators

The purpose of this paper is to suggest five indicators to augment the so-called traditional indicators of sound macroeconomic fundamentals, viz., fiscal balance, inflation, BOP position, RER, GNP growth, employment generation, etc., in an open economy. Lately, there has been an exploitation of indicator studies, especially currency crisis indicators that are mostly of the econometric variety. We had BOP crises halting recoveries in 1949, 1958-60, 1969-70, 1983-85, 1991-92 and now a currency crisis in 1998.

Philippine Exporters Confederation, Inc.
Authors Keywords
Fabella, Raul V.; fiscal management; financial system; balance of payments; currency and banking crisis;
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Published in 1999 and available in the TAPS Library or can be downloaded as full text Downloaded 935 times since November 25, 2011