The impact of higher interest rate on prices, output and employment

Fernando Fajardo 06/21/2018

In response to rising inflation rate, the Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase rate from 3.25 percent to 3.50 percent during its meeting last Wednesday. A similar increase was done only 6 weeks…

New Central Visayas minimum wage rate unfair to labor

Fernando Fajardo 06/14/2018

The regional tripartite productivity and wage board (RTPWB) just announced an increase in the minimum wage rate of P20.00 pesos per day for Class A areas and P15.00 for Class B, C, and D areas. Class A…

The state, the market, and the Filipino welfare

Fernando Fajardo 05/31/2018

In the beginning of humanity there were no rules, laws, or constitutions that people followed. To each his own. Families may live near each other and cooperate for their protection or undertaking commonly beneficial projects. Soon they…

Raising interest rates is counterproductive

Fernando Fajardo 05/24/2018

As of last month (April), the country’s inflation rate has gone up to 4.5 percent from only 3.2 percent in the same month last year and 4.3 percent in the previous month (March). This is the highest…

Is our economic system inclusive, equitable?

Fernando Fajardo 05/17/2018

Our economy is a mixed economic system. Here, both government and the private sector participate in the provision of what we need or want. When there is profit, business go in the production of goods and services…

Rationing to reduce traffic congestion

Fernando Fajardo 05/10/2018

Despite the Cebu Capitol Social Hall being awash with participants to the Traffic Summit held last Wednesday, we were not having trouble breathing. We were not gasping for air. This proves that if there were enough supply…

Development progeria

Fernando Fajardo 05/03/2018

Progeria is a rare genetic condition that causes a child’s body to age fast. When a poor country displays the economic structure of a rich and mature economy it is said to be suffering from development progeria.…

What is your problem, Cebu?

Fernando Fajardo 04/05/2018

Cebu is now drowning from traffic congestion and garbage that even if collected are not sent to what can be acceptably called a sanitary landfill. Many related problems exist too, like the noise and air and water…

Why change our system of government?

Fernando Fajardo 03/01/2018

In the declaration of independence of the 13 former colonies in the US to free themselves from the shackles of their masters far away in the British Isles, Thomas Jefferson wrote, “We hold these truths to be…

Thank you Cebu Daily News, Eileen and Thea

Fernando Fajardo 02/08/2018

Sometime in 1998, two ladies from the media circle, Eileen Mangubat and Thea Riñen, came to see me in my new office. Before that in 1994, I had already resigned from NEDA Region 7 to avail of…

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