The effects associated with stabilization programmes, specially persistent inflation accompanied by prolonged periods of recession with unemployment, attract the attention on the evaluation of the consistency between the orthodox approach and the economic situation which characterizes the...

A contribution to the debate on the efficacy of monetary policy and some implications in the case of Brazil. The main opposition between Keynesian and Classic monetary theories is defined by the former’s proposition of money non-neutrality in the long period. According to Keynes, it is not...