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Measuring the effect of external shocks and the policy response to them: empirical methodology applied to the Philippines.

Abstract:

Economies benefit from international trade, but joining the world market also exposes them to external shocks. How can the government in Eastern European and developing countries reduce their vulnerability to such shocks? What are appropriate policy responses? The authors examine how external shocks (such as commodity price changes, variations in global demand, and fluctuating interest) affect economic performance, and how those effects are mitigated by the right policy responses at the right...

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Publisher:
World Bank
Series:
Policy Research Working Paper Series
Publication date:
1994-01-01
Language:
English
UUID:
uuid:0b13898a-581f-48a7-830e-5a0b03bd370d
Local pid:
oai:economics.ouls.ox.ac.uk:12083
Deposit date:
2011-08-16

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