Bayangos, V.B.

exchange exchange rate policy inflation model philippine interest price remittances market output economy growth equation demand change increase interest rates effect interest rate impact country level money output gap expectation investment supply sector peso-dollar rate target result paper study variable value money supply capital inflation expectations export point period channel chapter transmission government peso-dollar quarter indicator uncertainty shock development consumption mechanism index objective account import exchange rates framework labor pressure currency section specification instrument service inflation target transmission mechanism movement authority forecast asset credibility figure worker exchange rate uncertainty function system scenario