PN 2019-09
Strengthening Institutional Links for Irrigation Water Governance
PN 2019-08
Evaluation of National Irrigation Systems in the Philippines
PIDS Book 2019-01
Harnessing the Fourth Industrial Revolution: Creating Our Future Today (Proceedings of the Fourth Annual Public Policy Conference 2018)
RPS 2019-03
Forest Protection in the Philippines: Policy Evolution and Sector Outcomes
Publication Detail
SP 1983-03: Monetary Aggregates and Economic Activity

Monetary management in the Philippines can more effectively support objectives through closer study and control of the growth rates of monetary aggregates. Specifically, there is a need to determine whether a monetary aggregate can serve as an intermediate target of monetary policy. Regression analysis indicates that the broader monetary aggregates M3, M3A and M4A can predict future economic activity more accurately and have better forecasting capability over narrowly defined monetary aggregates. Several alternatives are also given for Central Bank to exercise greater control over the monetary aggregates.

Philippine Institute for Development Studies
Authors Keywords
Lamberte, Mario B.; money and banking; monetary aggregates; monetary instruments;
Download PDF Number of Downloads
Published in 1983 and available in the PIDS Library or can be downloaded as full text Downloaded 680 times since November 25, 2011