This paper, which will be released as the lead chapter of the 2022-2023 PIDS Economic Policy Monitor, examines the economic performance of the Philippines for 2022 and the first half of 2023. It presents conditions shaping the global and regional outlook, projections on growth and consumer...

This study examines the impact of the COVID-19 pandemic on the Philippine labor market, focusing on employment and real wages and their respective outcomes across sectors and various worker characteristics. To analyze the pandemic's impacts on employment outcomes at various stages of the crisis,...

This paper examines whether the current level of debt in the country, given the national government's fiscal policy and plans, remains on a sustainable path. By end-2021, a year after the peak of the public health and economic crisis brought about by the COVID-19 pandemic, the country's...

This study presents a small macroeconometric model of the Philippines. The model covers the basic parts of the economy-namely, private consumption and investment, international trade, employment, prices, and basic monetary sectors. Behavioral equations are estimated in errorcorrection form...

This paper, which will be released as the lead chapter of the 2021-2022 PIDS Economic Policy Monitor, reviews the Philippines' macroeconomic performance in 2021 and the first half of 2022, analyzes recent developments and challenges shaping the economy's near-term outlook, and presents...

This study presents a small macroeconometric model with a fiscal sector, extending the model presented in Debuque and Corpus (2022). The model retains the original core blocks of domestic demand, international trade, employment, prices, and monetary sectors, and adds a fiscal sector consisting...

The COVID-19 crisis created conditions for digital finance to accelerate financial inclusion in the Philippines. Anecdotal and survey data suggest that the pandemic has indeed spurred large gains in financial inclusion in the country, with adoption of digital finance as a strong driver. This...

While the COVID-19 pandemic's effects on the Philippine economy have been widely chronicled, there has not been an effort at an ex-post quantification of the pandemic's impacts using counterfactual analysis. This paper aims to fill this gap. Using a modified version of the PIDS small...

The ASEAN Economic Community Blueprint targets an ASEAN single market in 2015. This is an ambitious reform agenda that seeks to ensure the free flow of services, investment, and skilled labor along with the free flow of goods and the freer flow of capital in the ASEAN region. For logistics...