mechanisms of government bond purchases when interest rates are not constrained by a lower bound. Using dynamic term structure … models and event study regressions I find that government bond purchases have important portfolio balance and signaling … target interest rate policy and government bond purchases operate in different segments of the yield curve. This suggests …

bond markets. A robust agent who worries about misspecified bond premia follows a min-max expected shortfall criterion to …

factors have contributed to the recent decline in bond yields in the US. For that purpose, we start with a very general model … to establish a stable long-run relationship and find that the behaviour of bond rates in the last few years may well be … overestimation of bond yields is not unusual historically. Finally, our bond yield equation outperforms a random walk model in …

Since the beginning of 2022, monetary policy in the euro area has been gradually normalizing. As a result, bond yields …, such as Germany, a development referred to as bond market fragmentation. To ensure the coherent effectiveness of monetary …

This paper explores a granular database from the Inter-American Development Bank (IDB) Green Bond Transparency Platform … reference yield curve can boost the private ESG bond market. Using a difference-in-differences (DID) approach, we empirically … bond issuances and a 25 percent increase in the number of ESG corporate bond issuances in the external markets after three …

bond markets. A robust agent who worries about misspecified bond premia follows a min-max expected shortfall criterion to …

observable differences, including rating, financial performance, industry, bond characteristics and issuance timing. The … they necessarily less liquid. Bond investors appear to discount the value of privately held equity. The effect does not …

observable differences, including rating, financial performance, industry, bond characteristics, liquidity and issuance timing …