Santos, Edward P.; Mapa, Dennis S.; Glindro, Eloisa T. - In: Philippine Review of Economics 47 (2010) 2, pp. 21-40
The Bangko Sentral ng Pilipinas (BSP) has the primary responsibility of maintaining stable prices conducive to a balanced and sustainable economic growth. The year 2008 posed a challenge to the BSP’s monetary policy making as inflation hit an official 17-year high of 12.5 percent in August...