Macroeconometric models have proven to be a useful tool in analyzing the economy-wide or sector-specific effects of policy measures. Simulations using these models have enabled planners and policymakers to trace through the effects of proposed policy changes or external shocks as well as...

Poverty incidence has been declining in the Philippines over the past 10 years. However, with the advent of the Asian crisis in 1997, there was a reversal in poverty trends. Estimates indicate that the headcount index has gone up to 40 percent in 1998 from 31.8 percent in 1997. Other...