This paper discusses central banking and the operation of monetary policy from a post-Keynesian perspective. It examines some current propositions concerning the conduct of monetary policy - such as inflation targets, contingent rules, and central bank independence - under the assumption that...

The purpose of this paper is to examine effects of Brazilian "Plano Real" on credit during the initial years of implementation, and the profile of the borrower during this period. After the adoption of the Plano Real, there was an increase in the duration of contracts, from a maximum of 3 months...

Portuguese Abstract: Depois de reduzir as taxas inflacionárias e compor um lastro em reservas cambiais para dar segurança às movimentações do comércio exterior brasileiro, em termos macroeconômicos, a redução da taxa de juros SELIC é a mais importante aquisição recente da economia...

What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.