We analyze the relationship between unemployment rate changes and government bond yields during and after the most … unemployment rate changes. The impact of an idiosyncratic rise in unemployment on bond yields turns out to be positive for European …, bond yields do not have an impact on unemployment. Our findings have interesting implications for the way shocks are …

We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We … dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …

and nominal bond returns is driven by real factors. I build a New Keynesian model that generates this behavior through the … stochastically over time. The model quantitatively explains the observed patterns in stock-bond return comovement …

We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We … dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …

bonds makes it possible to achieve maximum hedging effectiveness between the S&P green bond (GB) and the S&P 500 ESG …

international bond issuance, the two main components of global liquidity. The sensitivity of both types of flows to U.S. monetary …