RISK, SHOCKS, BUILDING RESILIENCE Proceedings of the Second Annual Public Policy Conference 2016 RISK, SHOCKS, BUILDING RESILIENCE Proceedings of the Second Annual Public Policy Conference 2016 Philippine Institute for Development Studies Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas Bangko Sentral ng Pilipinas Copyright 2017 Published by Philippine Institute for Development Studies Bangko Sentral ng Pilipinas Printed in the Philippines. Some rights reserved The views expressed in these proceedings are those of the authors and do not necessarily reflect the views of any individual or organization. Please address all inquiries to: Philippine Institute for Development Studies 18th Floor, Three Cyberpod Centris - North Tower EDSA corner Quezon Avenue, 1100 Quezon City Telephone: (63-2) 8774000; 3721291 to 92 Fax: (63-2) 8774099 E-mail:
[email protected] Website: http://www.pids.gov.ph This volume is published annually and is under the Creative Commons Attribution Noncommercial License. It shall not be used for commercial purposes. Anyone can use, reuse, distribute, and build upon this material as long as proper attribution is made. ISSN 2546-1761 RP 09-17-600 Editorial and production team: Sheila V. Siar, Mark Vincent P. Aranas, Jane C. Alcantara, Carla P. San Diego, and Rejinel G. Valencia Syntheses writers: Sheila V. Siar and Gizelle G. Manuel (About the conference), Sheila V. Siar (Agricultural resilience), Mark Vincent P. Aranas (Health resilience), Misha M. Borbon (Macroeconomic resilience), and Rejinel G. Valencia and