Can Financial Markets Shape Citizens’ Votes? Evidence from the 2022 Brazilian Election

It is well documented that elected politicians care about financial market reactions to political and economic events, which gives market actors a rare power in democratic politics. But can market movements also affect how citizens view politicians, and even how they vote? We examine whether and how market movements affect citizens in a survey experiment conducted between the first and second round of Brazil’s 2022 election.”

Join us on Tuesday, March 31, 2026, from 12:30 p.m. to 2:00 p.m. ET.

Speaker:
Sarah Brooks is professor of political science at Ohio State University specializing in international political economy, comparative politics of developing countries, and the political economy of risk protection. She is a faculty fellow at the Mershon Center for International Security Studies and has published extensively on sovereign risk, global capital flows, and the political effects of economic insecurity in Latin America and Africa. She holds a PhD from Duke University.

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