Economic policy uncertainty and performance of the Brazilian stock market

Authors

  • Daniel Londero Binotto Universidade Franciscana
  • Paulo Fernando Marschner Universidade Franciscana

DOI:

https://doi.org/10.12712/rpca.v18i1.60910

Abstract

The objective of this research was to analyze the relationship between economic policy uncertainty and the Brazilian stock market. The research adopted a quantitative, descriptive and econometric approach. The operationalization of the study involved collecting data from the Economic Policy Uncertainty Index and Ibovespa between January 2006 and December 2022. Data analysis was carried out using autoregressive vector models. The results showed a bidirectional relationship between the variables. An increase in uncertainty resulted in a reduction in market performance, while an increase in market performance led to a decrease in uncertainty levels.

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Published

2024-01-26

Issue

Vol. 18 No. 1 (2024)

Section

Artigos/Papers

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