This paper has two objectives. Initially, seeks to review the main theses contained in the Brazilian economic literature on the role of the Brazilian Development Bank (BNDES) and its historical role in financing Brazilian economic development. The second objective is to analyze the perspective...

This paper analyzes inflation targeting, focusing on the interest-price transmission mechanism. The authors discuss the recent performance of the retail industry in Brazil, highlighting how monetary policy affects prices, both directly and indirectly. The key hypothesis is that interest rates...