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���+�,-������� �."(�$#%����� ������������������R ��9�����;Q��;������S�;����9����:K��������# ���8�����:� � ���#� T United Kingdom United States Medidas Padrão-ouro Pós-guerra Padrão-ouro Pós-guerra Taxa de inflação média anual -0,7 5,6 0,1 2,8 Desvio padrão da inflação 4,6 6,2 5,4 4,8 Taxa de crescimento médio anual da renda real per capita 1,4 2,4 1,9 2,1 Coeficiente de variação da renda 2,5 1,4 3,5 1,6 Taxa média de desemprego 4,3 2,5 6,8 5,0 Taxa de crescimento médio da oferta de moeda 1,5 5,9 6,1 5,7 Coeficiente de variação do crescimento da oferta de moeda 1,6 1,0 0,8 0,5 G46-)%!�!�/-)#$.!"(+4!#�#-1"!�(�/-)#%$%&$+,-�.-#�.(.-#��3!I(��� ����W����=E��*���E� � �22()��!2%?!"�!��("())(��-1$)#-)����=� ��(*"-5&).().-�(�()62$#!�.!#!)3-23$.( )-� ("%$0-�.!� �/7P("%?�� !� $)/-"*-"().-�&'�'($-"� )F'!"-�.!� *(<#!#� !� %8/)$/(# !/-)-'8%"$/(#�'-.!")(#��/-'-�-�!""-�.!�*"!3$#,-�.(�$)52(+,-�!�.(#�3("$(+4!#�)- *"-.&%-�"!(2��!)/-)%"("('�"!#&2%(.-#�'&$%-�*"HC$'-#����%(C(�'8.$(�.!�$)52(+,-�8 '($#�1($C(�#-1�-�*(.",-�-&"-��!#%&.().-�-�*!"<-.-��=�E����� �.-�@&!�)-�*!"<-.- ()(2$#(.-� .-� #$#%!'(� .!� �"!%%-)� �--.#� ���Q>���E� � !� .!� %(C(#� .!� /A'1$- 52&%&()%!#����E����=Q ���#�'($-"!#�%(C(#�.!�/"!#/$'!)%-�.(�"!).(�5-"('�-1#!"3(.(# @&().-�3$0-"-&��"!%%-)��--.#����3("$(1$2$.(.!�.-#�*"!+-#�!�.-�/"!#/$'!)%-�.( *"-.&+,-�5-"('�'($#�(2%(#�*("(�(�'($-"$(�.-#�*(<#!#�)-�*!"<-.-�.-�*(.",-�-&"-� /-'�!C/!+,-�.(�J)02(%!""(���-1��"!%%-)��--.#��/-)#%(%("('�#!"�'!)-"�-�!""-�.!*"!3$#,-�*("(�(�$)52(+,-�!�-�*"-.&%-��/-'�-�"!0$'!�.!�%(C(#�52&%&()%!#�'($#�*"HC$'- .-�!""-�.-�*"-.&%-�!�-�*(.",-�-&"-�.-�!""-�.(�$)52(+,-���28'�.!#%(#�/-)/2!#� -#�(&%-"!#�*"-/&"("('�&#("�'-.!2-#�!#%(%<#%$/-#�*("(�(�3!"$5$/(+,-�.(�*"-*(0(+,- .!�$'*&2#-#�-&�/7-@&!#�!�.(�$)#%(1$2$.(.!�!� $)/!"%!?(�.-#�#$#%!'(#��/-)/2&$).- *!2-�"!2(%$3-�#&/!##-�.-�#$#%!'(�.!�%(C(#�.!�/A'1$-�52&%&()%!#: FG46'�$% � $/!�%��!�� (!*6�%#�2��*%')'3�%'!*$��&!"%�3�')#$��*��!"%3"% 4#�#�(#$$�$%�&(#�"*�#��%/#�6!(��$%�*�����%/�*�"*�#��%/#�2!*#%��0 ����*6#2#*%$$�!1�%/#�3�$%�%/'�%0�1'5#�0#��$���#)!*� ���1(")%"�%'*6 #>)/�*6#� ��%#� �#6'2#� �!#$� *!%� '23!$#� 6�#�%#�� "*)#�%�'*%0� �*� '*$%�&'('%0���!2#�)!"*%�'#$�4#�#��&(#�%!��#�")#�"*)#�%�'*%0��&!"% 3�')#$��*��!"%3"%�"*�#��%/#�1("%"�*%'*6�#>)/�*6#���%#��#6'2# �&!%/ �&$!("%#(0��*���#(�%'5#�%!���#%%!*�U!!�$��*��%!�%/#�)(�$$')�(�6!(� $%�*���������� �W���V����J��������=���*����� �#%&.-#�"!/!)%!#�*"-/&"('�()(2$#("�(#�!C*!"$D)/$(#�7$#%H"$/(#�.-#�.$3!"#-#�"!0$'!# '-)!%6"$-#�)(�1&#/(�.(�.!5$)$+,-�-&�*!2-�'!)-#�.(�.!2$'$%(+,-�.!�@&(2�#!"$(�- ��� ���� !��"�!�#��$%�&'('���# �$%��#)!*� �� !���"(! 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"!#*-#%(#� (-#� /7-@&!#� .!� .!'().(� !� -5!"%(�� �#� "!#&2%(.-#� .!#%(#� !3$.D)/$(# !'*<"$/(#�(*-)%('�-�#$#%!'(�.!��"!%%-)��--.#�/-'�(�'!27-"�*!"5-"'()/!�.! !#%(1$2$.(.!� !� /-)3!"0D)/$(�� .(#� 3("$63!$#� "!($#� !� )-'$)($#�� !#*!/$(2'!)%!� #!& *!"<-.-��/-)3!"#<3!2��.!���Q��(���E>��!)@&()%-�-�*(.",-�-&"-�'-#%"(�&'(�'($-" !#%(1$2$.(.!� !� &'(�'!)-"�.$#*!"#,-�.(#� 3("$63!$#� 5$)()/!$"(#� ��5���(1!2(� � ��� .$5$/&2.(.!�.(�"!#%(&"(+,-�.-�*(.",-�-&"-�!�(�.!*"!##,-�.-#�()-#��>�/-)%"$1&<"(' *("(�(#�0"().!#�$)#%(1$2$.(.!#�.-�*!"<-.-�!)%"!�0&!""(#��/-'�-#�'($-"!#�.!#3$-# *(."4!#� .(#� 3("$63!$#� .!� %-.(� (� 8*-/(� !'� !#%&.-� ��==����=� �� /-'� -�'!)-" /"!#/$'!)%-�.(�"!).(�3#��)�3'%��!�&'(�3("$A)/$(�'($-"�@&!�-�'-'!)%-�()%!"$-"� ����������������V��;����9����;�;����9�����M���9�������;����� 9�����;Q��;�������;���9���9�� ��C� ���9����V��� +���������,�� Inflação Renda per Oferta de Taxa de Juros Taxa de capita moeda Real de Longo câmbio real Prazo Período M DP M DP M DP M DP M DP Padrão-ouro (1881-1913) 1,0 3,4 1,5 3,7 4,8 5,4 3,4 3,4 3,3 2,9 Entre guerras (1919-1938) -1,1 7,8 1,2 6,8 2,0 7,5 4,5 8,5 7,9 8,8 Bretton Woods (1946-1970) 3,6 4,6 4,2 2,7 9,9 7,2 1,4 4,0 3,8 6,0 Bretton Woods convers. 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