shifting the pattern of behaviour. We show a change in the correlation between each of the three variables with stock returns …. Notably, a predominantly negative correlation with bond yields and inflation becomes positive, while the opposite is true for …

indicate that conclusions may critically hinge on a selectedordering of variables. The dynamic correlation Cholesky …

indicate that conclusions may critically hinge on a selected ordering of variables. The dynamic correlation Cholesky …

In this paper, it is argued that the observed high positive correlation between national savings and investment which …