Quetzal Quetzal Quetzals () are strikingly colored birds in the trogon family. They are found in forests, especially in humid highlands, with the five species from the genus "Pharomachrus" being exclusively Neotropical, while a single species, the eared quetzal, "Euptilotis neoxenus", is found in Mexico and very locally in the southernmost United States. Quetzals are fairly large (all over 32 cm or 13 inches long), slightly bigger than other trogon species. The quetzal is the country bird of Guatemala. Quetzals have iridescent green or golden-green wing coverts, back, chest and head, with a red belly. They are strongly sexually dimorphic, and
Monetary policy of the Philippines low. Errors in CPI measurement could lead to ineffective and unsuitable monetary policy response by the BSP which definitely result to detrimental effects to the economy. Another issue arising from monetary policies is the liquidity trap. This happens when inflation rate declines too much leading to a threat of deflation. Liquidity trap is defined as a situation in which there are zero nominal interest rates, persistent deflation and deflation expectations. In the event this occurs, bonds and money earn the same real rate of return thus making people indifferent to holding bonds or excess money. Given high budget deficits, the