Once we recognize such a change, it is appropriate to cut the policy interest rate more than the standard Taylor rule suggests, as with the current policy by the Fed.
As presently understood, stakeholders are partners and can be involved in the successes of an enterprise, from whose accomplishments they too can greatly benefit. The importance of collaboration and partnerships was stressed by Governor Amando M. Tetangco, Jr. in his two (2) terms at the BSP’s helm… Gov.