... 45References Andrade, J. P. and J. R. Faria (1994). “Money and Growth: From a Quasi-Neoclassical Standpoint”, Revista Brasieira de Economia, Vol. 48, pp. 529-550. Andres J. and I. Hernando (1997). ... there are times when the output decreases and the inflation rate increases, for example, between E2 and E3. This negative relationship between inflation and growth is important, as it quite ... relationship exists between inflation and growth, it is not likely to be a simple one. The bivariate relationship may not be linear; and the correlation between inflation/disinflation and growth maybe...