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Equilibrium bond-pricing models rely on inflation being bad news for future growth to generate upward-sloping nominal …
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Green bonds are about a decade old financial instrument with cash flows earmarked to improve the environment or combat climate change. We show the spectacular growth of the asset class over time, but note that it is currently still less than 1% of the entire fixed income market. The composition...
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*t substantially increases the accuracy of long-range interest rate forecasts, helps predict excess bond returns, improves estimates of …
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