Oreiro, José Luís; Lemos, Breno Pascualote - Departamento de Economia, Universidade Federal do Paraná - 2007
growth rate of GDP, nominal interest rate, nominal and real exchanges rates and the rate of inflation. The computational … simulation of the theoretical model shows that the monetary policy rules are relevant only to the determination of growth rate of …-neutral in the long-run. In this setting we argue that a monetary policy that induces growth must seek to minimize the volatility …