How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …

This paper examines mean and volatility spillovers between four green municipal bonds issued by the US states of … to those events. Significant dynamic linkages (interdependence) between the four municipal bonds under investigation are … green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …

This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …

This paper empirically investigates the relationship between TV news coverage and the GIIPS countries’ bond yield …

Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its … mainstream economists to understand the differences between alternative oil market models, let alone the basis for the sometimes … is on the econometric foundations of the analysis of oil market models with special attention to the identifying …

There has been much interest in the relationship between the price of crude oil, the value of the U.S. dollar, and the … U.S. interest rate since the 1980s. For example, the sustained surge in the real price of oil in the 2000s is often … between the interest rate and the exchange rate, but also because demand and supply shocks in the oil market in turn may …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant … driver of the real price of oil. The focus of this paper is not only on correcting some misunderstandings in the recent …

models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. Using … the SPR contributed to the variability in the real price of oil? Second, how much would a one-time exogenous reduction in … the SPR lower the real price of oil? Third, are exogenous SPR releases partially or fully offset by increases in private …

Baumeister and Hamilton (2019a) assert that every critique of their work on oil markets by Kilian and Zhou (2019a) is … oil market model of Kilian and Murphy (2014) and its precursors are incorrect. Their critiques are also directed at other …