Quarterly Journal of Austrian Economics
Online Publish Date:
found overall to support the theory. central bank price controls monetary policy business cycle brazil JEL Classification: E14, E21, E31, E32, E51, E52 was mainly against “everything that was out there,” advocating market-unfriendly policies (Leitão 2011, 396 [authors’ translation]). With a radical-left mindset, order authorizing banks to offer loans repayable through payroll deductions. This “innovation” significantly expanded credit (Coelho, Mello, and Funchal 2010). Figure