Research & Writing

Research on fiscal policy, monetary institutions, markets, and development.

A collection of working papers, research projects, and shorter notes examining how governments, financial systems, and public institutions respond to economic constraints.

Working Papers

Public finance · Fiscal policy · Philippine economy

Fiscal Sustainability in the Philippines

An institutional assessment of competing interpretations of post-pandemic public debt, fiscal deficits, revenue capacity, and development-oriented fiscal space in the Philippines.

The paper compares government, multilateral, legislative, and academic perspectives while distinguishing short-term liquidity concerns from longer-term questions of solvency, fiscal capacity, and economic development.

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Research in Progress

Monetary policy · Government securities · Fixed-income markets

Government Securities and the BSP Interest Rate Corridor

A developing study of the role of peso-denominated government securities within the Bangko Sentral ng Pilipinas’ interest-rate corridor from 2016 onward.

The project focuses on liquidity management, interest-rate transmission, collateral and market operations, and the broader development of the Philippine domestic government-securities market.

In progress

Economic and Policy Notes

Fiscal policy · Development · Public finance

Fiscal Space

A note on why fiscal space is not simply a question of whether a government can spend, but of whether it has the economic, institutional, and political room to act responsibly over time.

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Development · Industrial policy · Institutional capacity

Development as Constraint

A note on development as a process of decision-making under fiscal, productive, political, and institutional limits rather than a simple progression toward higher income.

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Earlier Writing

Earlier work on international law, human rights, and institutional legitimacy is being reviewed and revised before being added to a separate archive.

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