The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European … rapidly evolving green bond market. In addition, the effect of ECB bond purchases on yields under the corporate sector … purchase program (CSPP) and the pandemic emergency purchase program (PEPP) is examined. The analysis shows that ECB bond …

) approach. Keynes held that the central bank exerts decisive influence on government bond yields because the central bank … government bonds' nominal yields. Furthermore, the effect of the budget balance ratio on government bond yields is small but … statistically significant. However, there is no statistically discernable effect of the debt ratio on government bond yields. …

-varying compensation for expected and unexpected inflation shocks embedded in the sovereign bond yields of Germany, France, Japan and the … United States. Our empirical results suggest that the current environment of very low nominal sovereign bond yields, is a …

we label Convergence Gap (CG), contains information that is valuable for bond predictability. Adding CG in forecasting … regressions of bond excess returns significantly raises the R-squared, and restores countercyclical variation in bond risk premia … the path of rates, our factor has predictive ability for real bond excess returns. The importance of the gap remains …

bond market. We exploit these policy changes using a difference-in-differences strategy, with ineligible corporate green …

conditions and lead to a substitution effect among bond instruments. We examine the pricing of straight, covered and …) ECB's asset purchase programmes exhibited mixed effectiveness in improving banks funding conditions, (v) contractual bond …