Bank represent a risk factor for the hedge fund industry as a whole and for ten commonly used strategies in particular …. Using modified event studies and Markov switching models, we find that UMP announcements represent a risk factor for … through breaks in the parameters of the conventional risk factors. Using Chow and Bai-Perron tests, we find that for the …

unconventional monetary policy on pension fund risk incentives in the United States. Using two structural vector autoregressive (VAR … fund risk-taking, low interest rates and the decline in Treasury yields across both well-funded and underfunded public … pension plans, which is thus consistent with a structural risk-shifting incentive …

monetary policy on pension fund risk incentives in the United States. Using two structural vector autoregressive (VAR) models … between pen- sion fund risk-taking, low interest rates and the decline in Treasury yields across both well-funded and … underfunded public pension plans, which is thus consistent with a structural risk-shifting incentive …

market flows. In line with a powerful risk-shifting channel, we find that fund investors in countries with decreased real …

(local) tightness of monetary policy to examine its influence on equity and money market flows. In line with a powerful risk …

) tightness of monetary policy to examine its influence on equity and money market flows. In line with a powerful risk …