Permanent structural changes in the Brazilian economy and long memory: a stock market perspective

Marcelo Resende and Nilson Teixeira

Applied Economics Letters, 2002, vol. 9, issue 6, 373-375

Abstract: The paper assesses long memory patterns in the Brazilian stock market index (Ibovespa) for sub-periods before and after the Real Stabilization Plan. Evidence favours the existence of short memory for both periods despite the so-called reforms the Brazilian economy went through in the 1990s and, in particular, after the Real Plan.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:6:p:373-375

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DOI: 10.1080/13504850110073480

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