The shocks are scaled such that the split between the three components is about equal to their relative shares of GDP since 2001. Cost of capital. Relative to its average over the period from 2000 to 2007, the financial cost of capital (RPD) has declined by about two percentage points, according to the FRB/US model database.
I pray that they would each continuously listen to their own internal and moral compass. With the men and women who with me, serve in the BSP with integrity, excellence and honor – members of the Monetary Board, officers and staff, past and present, who have ensured that the BSP stay its course, maraming salamat sa inyo. Thank you all for listening.