linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …

the Brazilian economy: GDP, industrial production and inflation. The results show that these three factors explain the … and negatively with inflation and that HML is positively correlated with economic growth and negatively with inflation …