Glacer Niño A Vasquez Bangko Sentral ng Pilipinas (Central Bank of the Philippines)   Bangko Sentral ng Pilipinas A. Mabini St. cor. P. Ocampo St., Bgy. 719,​ Malate Manila, Philippines 1004 Manila, Manila 1004 Philippines   vasquezga@bsp.gov.ph             JEL Areas: C5 : Econometric Modeling: General E : Macroeconomics and Monetary Economics