The paper reviews recent research on macroeconomic theory of business fluctuations and its influence on monetary policy rules. It focuses on triggers to business fluctuations and the mechanisms that propagate the fluctuations once started. The Philippines is used as empirical setting. The...

This paper attempts to construct leading indicator systems for the Malaysian and Philippine economies using publicly available economic and financial data, with a view to predicting turning points of growth cycles in the two countries. The results show that during the sample period of January...