Consumer Confidence in Portugal - What does it really matter?
Confidence, in general, and consumer confidence, in particular, are subject to an increasing interest by many agents, such as central banks and governments, at a national level, as well as by supra-national entities, such as the European Commission of the European Union. Although this interest is shared by the academic community, the literature in this area is mainly focussed on the use of consumer confidence to predict variables which describe the business cycle, like consumption. Instead, the objective of our paper is to analyse the evolution of consumer confidence in Portugal and examine which factors underpin its formation. Our empirical study uses monthly data for the period January 1987 — December 2008. We find that consumer confidence, besides presenting some inertia, is basically explained by electoral circumstances.
|Date of creation:||2009|
|Date of revision:|
|Contact details of provider:|| Postal: Colégio Espírito SANTO|
Phone: (351) 266 740 869
Web page: http://www.cefage.uevora.pt
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:cfe:wpcefa:2009_13. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Pacheco)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.