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|Title: ||Explaining consumer conﬁdence in Portugal|
|Authors: ||Ramalho, Esmeralda|
|Keywords: ||Consumer conﬁdence|
|Issue Date: ||Feb-2011|
|Abstract: ||Conﬁdence in general and consumer conﬁdence in particular are subject to increasing
interest by many agents, including central banks and governments at the national level,
and supranational entities, such as the European Commission of the European Union.
Although the academic community shares this interest, the extant literature focuses on
the use of consumer conﬁdence to predict variables that describe aspects of the business cycle, such as consumption. Unlike this body of work, the objective of our paper is to ana-
lyse the evolution of consumer conﬁdence in Portugal and examine the factors that under-
pin its formation. Using monthly and quarterly data over the period January 1987 to December 2009, we ﬁnd that consumer conﬁdence in Portugal is essentially explained by the economic performance, the entrance in the Euro zone and electoral circumstances.|
|Appears in Collections:||CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica|
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