Céspedes, Brisne J. V.; Lima, Elcyon Caiado Rocha; … - 2015
exchange rate and to the medium term interest rate are for the 1999-2004 period, the most important sources of inflation rate …/07-1998/08 and 1999/03-2004/12). The main results are: a) in response to a positive short run interest rate innovation, during the … 1999-2004 subperiod, the output and the price level decrease - however, the output response is faster and the price level …