Date of Publication
12-2018
Document Type
Master's Thesis
Degree Name
Master of Science in Economics
College
School of Economics
Department/Unit
Economics
Thesis Adviser
Lawrence B. Dacuycuy
Abstract/Summary
We study how macroeconomic outcomes, such as inflation, growth, austerity, exchange rate, and interest rate affect public debt dynamics in the Philippines by introducing structural shocks using a structural vector autoregressive (SVAR) model. This paper uses post-‐1994 quarterly data and incorporates debt feedback in the model specification to examine impulse responses of debt to the said variables. The results found that, to be effective, debt management and reduction policies should focus on austerity and deficit-reduction schemes, instead of merely pushing for GDP growth. Inflation must also be controlled in the process.
Abstract Format
html
Language
English
Format
Electronic
Accession Number
CDTG007962
Keywords
Debts, Public—Philippines; Fiscal policy—Philippines; Philippines—Economic policy
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Recommended Citation
Vasquez, R. P. (2018). Examining the impacts of macroeconomic outcomes on Philippine public debt: An SVAR approach. Retrieved from https://animorepository.dlsu.edu.ph/etd_masteral/6512
Embargo Period
1-9-2023
