This study used the Bayesian methodology to estimate and calibrate a small-scale DSGE model of the Philippines. The goal of this study was to review the risk associated with increases in sovereign deficits. The major results of the study are: Estimates of fiscal rules show that fiscal authority...

Efficient management of risk and its allocation is the key to successful public infrastructure in Public Private Partnership (PPP). However, unprecedented events like COVID-19 Pandemic have put the risk management practice to litmus test. The spate of lockdowns as preventive response by...