“I’d Rather Have Bob Solow Than an Econometric Model, but …”  Remarks by  Vice Chairman Stanley Fischer Board of Governors of the Federal Reserve System at the Warwick Economics Summit February 11, 2017  Figure 1: The Federal Reserve System  Source: Board of Governors of the Federal Reserve System (2005), The Federal Reserve System: Purposes and Functions, 9th ed.
FLAReS allows us to perform all these with relative ease and accuracy. Conclusion I have, on a number of occasions in the past, said that the Philippines managed to “survive” today’s crisis, because we purposed to invest in the reforms yesterday…. And today, ladies and gentlemen, we add FLAReS to the list of governance reforms we have instituted.