About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Posts tagged "macroeconomics"

Inflation, the peso, and overall spending

The rising prices are felt generally across sectors of the economy. However, they accelerate the problems of the most vulnerable, the poor and those whose incomes are not catching up with inflation.

Economic risks of the Build Build Build program

Even if there were no external and political risks facing the Build Build Build program of infrastructure, economic risks present themselves in several forms.

de Dios on the economy under Marcos

In an interview with ABS-CBN News, Professor Emmanuel S. de Dios provides a perspective on the economic performance under the Marcos regime.

The macroeconomy and foreign policy rebalancing

Some signs of increased volatility can be found in several short term indicators. We see this from the nervousness of investors as they begin to hesitate to look at the country favorably, because they hear of negative news.

President Duterte’s ‘separation from the US’ tsunami in Beijing

“I announce my separation from the United States, both in military, but economics also,” so spoke President Rodrigo Duterte as he ended his speech before an audience of Chinese officials and businessmen last week in Beijing.

Macroeconomic directions: Duterte vs. Aquino

What can we expect to be the macroeconomic path of the Duterte administration? Useful hints can be pieced together from recent developments.

Currency wars?

One view that has become popular among commentators and pundits is that currency wars are now front row in the global landscape. This is hardly compelling.

Europe’s double-dip recession and growth woes

Europe’s recent economic experience is a double dip-recession -- a prolonged recession that continues to this day. Like that of the United States economy, developments in the European economy have an influence on world trade, investments and economic growth.

The US economic recovery and growth

It has been a full year since I commented on the world economy. The US economy is important to all open economies – through the influence it has on trade, investment and productive activity.

Investing in an uncertain and slower world

There is a small group of wealthy Filipinos who are in search of investment opportunities. They might find an economy that is expanding, albeit at a slower rate, a stock market that’s less vibrant than before, and a real estate market that’s losing steam. In brief, potential investors may have to be more cautious, selective,...

Why hasn’t Japan’s massive government debt wreaked havoc (yet)?

[with Takaaki Nomoto and Akiko Terada-Hagiwara] The potential sovereign debt crisis in Japan looks even grimmer than those in the Eurozone economies if one looks only at the gross general government debt-to-GDP ratio. Japan’s gross general government debt-to-GDP ratio is more than twice the OECD-wide average (109 percent) and by far the highest in the...

‘Time inconsistency’: the Phillips Curve example

We provide the algebra and a panel diagram to attempt to examine the so-called inflation- unemployment (or Phillips curve, or aggregate supply) example. This is used to analyze whether there is indeed “time inconsistency” or “dynamic inconsistency” in the said example.