Consumer confidence’s boom and bust in Latin America

Maximo Camacho and Fernando Soto

No 18/02, Working Papers from BBVA Bank, Economic Research Department

Abstract: We characterize consumer confidence cycle across LatAm using Markov-switching models. Our findings show that a core group of countries shares a statistical common ground for both confidence’s boom and bust cycle synchronisation. Notably, Argentina and Chile tend to lead consumer mood shifts, playing a leading role in propagating consumer confidence shocks throughout LatAm.

Keywords: Global; Latin America; Economic Analysis; Working Paper (search for similar items in EconPapers)
JEL-codes: C22 E27 E32 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2018-02
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:1802

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