Luckas Lopes Universidade Federal de Juiz de Fora   Rua Inglaterra, 158 apto 201 Governador Valadares, Minas Gerais 35057-360 Brasil   luckas.lopes@ufjf.br             JEL Areas: E : Macroeconomics and Monetary Economics E5 : Monetary Policy, Central Banking, and the Supply of Money and Credit: General