GOV.PH
๐๐๐ซ๐๐ข๐ง๐ข๐ฅ๐ฅ๐, ๐๐ซ๐ฎ๐ณ ๐๐๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ ๐๐๐๐ ๐๐ญ ๐๐๐’๐ฌ ๐๐ซ๐ข๐๐๐ข๐ง๐ ๐จ๐ง ๐๐๐๐๐ก ๐ข๐ง ๐๐๐ ๐๐ณ๐ฉ๐ข ๐๐ข๐ญ๐ฒ, ๐๐ฅ๐๐๐ฒ
The-Legazpi Branch held a “๐๐ซ๐ข๐๐๐ข๐ง๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐จ๐ฅ๐ข๐๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐๐๐ฅ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฉ๐ข๐ง๐๐ฌ (๐๐๐๐๐ก)” at the BSP Multipurpose Hall in Legazpi City on September 10, 2024. By using the Forecasting and Policy Analysis System (FPAS) to replace its antiquated multi-equation econometric model with an advanced Quarterly Projection Model (PQM), this event showcased BSP’s attempts to upgrade its macroeconomic modeling. In order to provide a thorough framework for managing intricate economic shocks and policy trade-offs, the new PAMPh incorporates labor dynamics, monetary and fiscal policy considerations, and forward-looking projections.
Along with representatives from various governmental agencies, academic institutions, non-governmental organizations, civil society organizations, and partner stakeholders, ๐๐ซ. ๐๐ฃ๐๐ฒ ๐
. ๐๐๐ซ๐๐ข๐ง๐ข๐ฅ๐ฅ๐, CAS Faculty and Focal Person of the Center for Social Science Research and Policy, and ๐๐ซ. ๐๐จ๐ช๐ฎ๐ ๐. ๐๐ซ๐ฎ๐ณ ๐๐, CTHBM Faculty and Chairperson of the BS Business Administration-Financial Management program, attended the briefing on behalf of Camarines Sur Polytechnic Colleges.
In order to maintain PAMPh’s status as a crucial instrument for economic analysis and policymaking in the Philippines, further model updates will be made in accordance with developing empirical findings and theoretical insights.
September 10, 2024| BSP Multi-purpose Hall
Source: CAS FB Page
