"inflation targeting policy", an instrument of intervention of the central bank, through the short run nominal interest rate. The … inflation targeting which does not assume the hypotheses above, and in which inflation targeting is based on the control of real …

variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …

unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and … study, the following are more remarkable. Firstly, the inflationary inertia and expectation of inflation are important …

variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …