his groundbreaking treatise, Interest and Prices, published originally in German in 1898. Here he proposed price stability … comparing Wicksell's theory of price level determination in a pure credit economy, the "cumulative process", to the neo … interest rates and well-developed asset markets. In this way, it becomes apparent that the neglect of asset markets and asset …

authority reduces the interest rate and when the credibility increases. The evidence also indicate that the supply of credit is … monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … maturity of the inflation targeting regime affect the supply of credit. Design/methodology/approach – The paper offers a review …