We suggest an alternative approach to testing whether stocks provide a hedge against inflation in the long run. Based … on a simple structural model, we test the hedge hypothesis in terms of the long-run linkage between stock prices and the …-period, results give strong support for the hedge property, defined in the narrow sense of a perfect hedge. This contrasts with the …

. Our results show that riskier stocks underperform because they have on average lower exposures to aggregate default risk. …

find that inflation/interest rate, uncertainty and liquidity factors are the main drivers of the long-run co-dependence. We …

This study attempts to identify uncertainty in the long-term rate of interest based on the controversial interest rate … macroeconomic variables without interest uncertainty are thus seriously incomplete. …

; emerging market economies (EMEs) improved however. Offshore, local-currency bonds of EMEs became popular as result, with many … bonds have generated tremendous interest amongst issuers and investors. Market growth and development is challenged though …

fundamentalists and chartists co-exist and are subject to regret and uncertainty. We find significant evidence that energy markets are … composed by heterogeneous traders which behave differently depending on the intensity of the price fluctuations and uncertainty … ; Uncertainty Aversion ; Regret …