Economic policies, macroeconomic environment and entrepreneurs' expectations: Evidence from Brazil

@inproceedings{Montes2013EconomicPM,
  title={Economic policies, macroeconomic environment and entrepreneurs' expectations: Evidence from Brazil},
  author={Gabriel Caldas Montes and J{\'u}lio Cesar Albuquerque Bastos},
  year={2013}
}
Purpose – The purpose of this paper is to analyze the influence of macroeconomic variables and economic policies on expectations and confidence of entrepreneurs. It provides an econometric analysis of the expectation transmission channel under inflation targeting in Brazil, emphasizing the effect of inflation targeting credibility on the business confidence of industrial entrepreneurs. Design/methodology/approach – Based on ordinary least square (OLS), generalized method of moments (GMM) and… CONTINUE READING