JC Punongbayan
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jcpunongbayan.bsky.social
JC Punongbayan
@jcpunongbayan.bsky.social
Filipino economist. 🇵🇭 Asst Prof, University of the Philippines School of Economics. 👨‍🎓 Fmr Visiting Fellow, ISEAS-Yusof Ishak Institute. 🇸🇬 Columnist, Rappler.com. ✍️ Author, False Nostalgia. 📕 Educ, macro, econ history. 📈 jcpunongbayan.com 🌐
Pinned
My starter pack of fellow Filipino academics, researchers, and thought leaders now on Bluesky.

go.bsky.app/GrA6ymj
🎉 NEW BOOK CHAPTER 🎉

📘 Title: Counterfactuals in economics and allied social sciences: Methods, applications, and debates

👨🏼‍🏫 Authors: JC Punongbayan (UPSE) & Alfredo Paloyo (University of Wollongong)
November 20, 2025 at 9:52 AM
Reposted by JC Punongbayan
Halloween is the perfect example of how the time spent in or around cars are the most dangerous periods of any day for most Americans. And it is rarely acknowledged on a wide scale.
Yes, Halloween is the deadliest day of the year for child pedestrians—great advice from @mcbazacophd.bsky.social

(It’s also our kid’s birthday)
October 31, 2025 at 12:02 PM
🎉 NEW JOURNAL PUBLICATION 🎉

Happy to share my latest journal article in Review of Development Economics (SSCI, Scopus), co-authored with UPSE Prof. Emeritus Emmanuel S. de Dios!
October 6, 2025 at 5:15 AM
[RESEARCH HIGHLIGHT]

📘 Title: Martial law and the Philippine economy
👨🏼‍🏫 Authors: Emmanuel S. de Dios, Maria Socorro Gochoco-Bautista, & JC Punongbayan (UP School of Economics)
September 20, 2025 at 6:20 AM
Reposted by JC Punongbayan
With Nazi helmets, for fuck’s sake.
DHS unveils a Trumpian ICE recruitment poster.
September 5, 2025 at 11:17 PM
Reposted by JC Punongbayan
DOGE....government waste alert...
Signage around the Department of Defense offices were quickly changed to “Department of War” to match President Donald Trump’s rebrand of the organization, including Secretary Pete Hegseth’s nameplate.
September 5, 2025 at 11:28 PM
[RESEARCH HIGHLIGHT]

📘 Title: Much a Duterte about nothing: Continuity, complacency, and crisis in the Philippine economy (2016–23)
👨🏼‍🏫 Author: JC Punongbayan (UP School of Economics)
September 2, 2025 at 8:23 AM
[RESEARCH HIGHLIGHT]

📘 Title: The role of power prices in structural transformation: Evidence from the Philippines
👨🏼‍🏫 Authors: Majah Ravago, Arlan Brucal, James Roumasset & JC Punongbayan
August 19, 2025 at 9:23 AM
[RESEARCH HIGHLIGHT]

I had the honor of interviewing one of the country’s foremost economists: UPSE Prof. Emeritus Emmanuel S. de Dios.

🧵We talked about his intellectual journey (including his Marxist roots), the role of UPSE in society, and his advice for young economists.👇
July 24, 2025 at 2:01 AM
My latest Rappler column, an expanded annotation of Trump's 20% tariff letter to President Marcos Jr. Trump's economic illiteracy is bringing down the global economic and trading order.
www.rappler.com/voices/thoug...
[In This Economy] Trump’s tariff letter to Marcos, annotated
Apart from being badly written, the letter reeks of Trump’s economic illiteracy, which is now on the cusp of bringing down the global trading and economic order
www.rappler.com
July 12, 2025 at 5:44 AM
[RESEARCH HIGHLIGHT]

📘 Title: The Philippine Journal of Development in the Early 21st Century (2002–2023)
👨🏼‍🏫 Author: JC Punongbayan (UP School of Economics)
📍 Journal: Philippine Journal of Development, Vol. 48, No. 2
July 9, 2025 at 4:10 AM
📕 NEW STUDY ON MICROFINANCE! 📕

We're proud to share our latest research based on a national survey of 1,900 Filipino households. 🧵👇
July 3, 2025 at 10:54 AM
Reposted by JC Punongbayan
STAGGERING: This new study of 133 countries is the first to estimate the impact of all USAID’s work. In 2 decades, it has saved *92M* lives. Current cuts, if not reversed, are forecast to cost up to *14M* lives thru 2030. www.thelancet.com/journals/lan...
July 1, 2025 at 2:23 PM
📕 NEW UPSE WORKING PAPER! 📕

Excited to share this new study I co-wrote with my good friend Jeff Arapoc (@jaarapoc.bsky.social) of UPLB!

📘 Title: Is there a grade penalty for high school track and college degree mismatches? Evidence from the University of the Philippines

🧵Thread below:
July 1, 2025 at 9:15 AM
[RESEARCH HIGHLIGHT]

📘 Supply and demand components of Philippine inflation, 2001–2024
👨🏼‍🏫 JC Punongbayan (UP School of Economics)
📍 Applied Economics Letters
📅 Published: 31 Mar 2025
🔗 doi.org/10.1080/1350...
June 26, 2025 at 1:19 AM
[RESEARCH HIGHLIGHT]

Starting today, I’ll be more intentional about sharing my academic publications. It’s not enough for research to stay within journals. We need to make our work more accessible and relevant to a broader audience. Here’s the first. ⬇️
June 20, 2025 at 10:50 AM
🎉 NEW JOURNAL PUBLICATION 🎉

My latest journal article (titled "Supply and demand components of Philippine inflation, 2001-2024") just got published in Applied Economics Letters (SSCI and Scopus indexed)!
doi.org/10.1080/1350...
April 1, 2025 at 4:41 AM
Reposted by JC Punongbayan
To borrow @jcpunongbayan.bsky.social's powerful concept, beware of false nostalgia about how Duterte's war on drugs supposedly made the public feel safe. As I argue in today's column, NOT TRUE. https://www.rappler.com/voices/thought-leaders/newsstand-misremembering-rodrigo-duterte-drug-war/
[Newsstand] Misremembering Duterte’s war on drugs
No, extrajudicial killings did not in fact make the public feel safe then
www.rappler.com
March 27, 2025 at 7:20 AM
My latest journal article, on the supply and demand components of Philippine inflation, has just accepted in Applied Economics Letters (SSCI, Scopus)! ❤️ This is also my first solo macroeconomics paper.
March 27, 2025 at 3:12 AM
Today my class started with applause. We applauded the arrest of Rodrigo Roa Duterte.
March 11, 2025 at 12:27 PM
Literally rewriting macroeconomics to cover up their bufoonery.
Trump Administration may be on track to put its thumb on critical GDP data: “Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health.” Via AP.
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.
apnews.com
March 3, 2025 at 2:27 AM
Reposted by JC Punongbayan
Social democrats & conservatives have both hemorrhaged support across Europe

The far right has surged
March 1, 2025 at 8:15 AM
Paid our respects to @enricovillanueva.bsky.social, our banker & economist friend who suddenly passed away on Feb 25 at the young age of 53. Tomorrow he will be laid to rest at a columbarium inside UPLB. We will miss you and your thoughtful takes on the economy, Rico!
March 1, 2025 at 1:37 PM
Omg. Not in the 21st century.
February 27, 2025 at 9:25 AM
My latest Rappler article, a quick comment on Brgy Addition Hill's bounty for mosquitoes. A classic example of the "cobra effect" and the "law of unintended consequences."

www.rappler.com/voices/thoug...
[In This Economy] The economics of Mandaluyong’s mosquitoes-for-cash program
Filipino government officials need to be more wary about the unintended consequences of their policies. As they say, the path to hell is paved with good intentions.
www.rappler.com
February 22, 2025 at 10:52 AM