Professor Emeritus

Education

• Ph.D. (Economics), UP, 1978
• M.A. (Economics), UP, 1974
• B.S. (Mathematics), UP, 1967

Research Interests 

• Monetary Economics, Macroeconomics, Labor Economics

Teaching, Research, and Other Positions (partial list)

• Professor, (UPSE); holder of BSP Sterling Professorial Chair in Monetary Economics (Cycle July 1, 2010-June 30, 2011)
• Visiting Professor, Northern Illinois University De Kalb, USA, 1999
• Research Fellow, Institute of Developing Economies, Tokyo, 1991
• Research Fellow, Princeton University, New Jersey, USA, 1981-1982
• Director, UPSE-Economics Research Center (ERC), 2007-2008
• Point-of Contact, Millennium Challenge Account Philippines, 2008-2010
• Executive Director (and briefly, Alternate ED) for Kazakhstan, Maldives, Marshall Islands, Mongolia, Pakistan, and Philippines), Asian Development Bank, 2003-2004
• Director-General (concurrently, Secretary of Socio-Economic Planning), National Economic and Development Authority (NEDA) 2001-2002
• Deputy Director-General, NEDA, 1992-1998

Selected Publications/Discussion Papers

• “Notes on Philippine Economic Growth and its Sources,” co-authored with R.M.Cham, Philippine Review of Economics, 2008.
• “Probing GDP, Employment, and Unemployment: A Little Forensic Macroeconomics,” Philippine Review of Economics, 2005.
•  “Economic Growth in the Philippines: Theory and Evidence,” Journal of Asian Economics 14, 2003.
• “Money and Exchange Rate Adjustments in an LDC Context,” The Philippine Review of Economics and Business  31, 1994.
• “Some Aspects of the Economics of Tertiary Education in the Philippines,” Ugnayan:  Philippine Journal of Higher Education 1, 1992.
• “Some Issues in the Economics of Tertiary Education,” Journal of Philippine Development 14, 1987.
• “Some Preliminary Evidence on the Short-Run Aggregate Demand Effects of Fiscal Policy,” Philippine Review of Economics and Business, 23, 1986.
• “Monetary Policy and Economic Activity in a Low-Income Country:  An Empirical Investigation,” Philippine Review of Economics and Business, 23, 1986.
• “Export-Processing Zones and Industrialization: Some Considerations from the Economics of Large Organizations,” Philippine Review of Economics and Business, 20, 1983.
• “An Economic Analysis of Fertility: Some Notes,” Philippine Economic Journal 20, 1981.