Do Political News Affect Financial Market Returns? Evidences from Brazil

Thales Batiston Marques; Nelson Seixas dos Santos

Volume 3, Issue 10 , October 2016, , Pages 545-571

Abstract
  This paper investigates the relation between political news and market returns. To do so we applied a Garch filter to a sample of the main Brazilian stock market index returns (Ibovespa Index) and of short-term interest rates (Selic Over and DI) which ranged from 01/02/2014 to 04/29/2016. Then we looked ...  Read More