Humpe, Andreas; McMillan, David G. - In: Credit and Capital Markets – Kredit und Kapital 49 (2016) 3, pp. 415-444
This paper examines the nature of the correlation between (real) equity and bond returns for the G7 markets. From the … standpoint of established finance theory, we would expect a positive returns correlation, however, evidence has been presented to … suggest that a negative correlation occurs over certain time periods. Using both panel and individual regression for the G7 …