Browsing by Author "Ferro, Ma. Victoria V."

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    A critical analysis of the expansionary monetary policies proposed by the national economic development authority for medium term Philippine economic development (1987-1992)
    (1987-03) Soriano, Marcial Ma.; Ferro, Ma. Victoria V.; Miranda, C.V.
    George Bernard Shaw once said that ''The lack of money is the root of all evil". Now this just might be too unusual a statement, but history is beginning to reveal to us that there appears to be truth in it. In fact, there were economic situation where the opposite did in fact became meaningful too where economic disruption was apparently caused not from too little money, but from too much from it. And so we ask, what is not too much and too little amount of money? What is the right amount of money? And how do we go ab6ut achieving this desired monetary condition? In earlier times, asking such questions, so people though, only came from heretics. Those were the days when the economy was seen as a phenomenon of perpetual motion catalyzed by diving inspiration which was gold (where money got its intrinsic value) and human knowledge. Given the gold standard and the balanced budget, the prevailing "let it be" concept was uncontested. Let things be as they are, and everything shall turn out for the best for all. In our present times, this seem not to be the case anymore. GNP is no longer perceived as consequently giving us a high rate of economic growth, stable prices, balance in our international payments, full employment, and all the other economic goals we expect of our economy to produce. We have seen in recent years of BNP falling short of its targeted goal, or even going beyong it. And thus, the inherent self-adjusting mechanisms perception the people see to be there seem not to be there anymore. So all the more now are we concerned in influencing the course of economic events to reach our desired goals. One such influence exerted is monetary policy.