the level of policy rates at the time of the news release, and risk conditions: Government bond yields increase in … response to good news, but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium. …

the consumption-based specification of the risk premium. The relevance of Knightian uncertainty is inconsistent with all … REH models, regardless of how they specify the market's risk premium. The authors' evidence is also inconsistent with …

the level of policy rates at the time of the news release, and risk conditions: Government bond yields increase in … response to "good news," but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium. …

prevent the accurate assessment of market risk. The assumption is that these gaps can be remedied via disclosure, transparency …

intrinsic risk and the theory of change of measures to derive a probability measure, namely risk-subjective measure, for … evaluating contingent claims. This paper is a modest attempt to prove that measure of intrinsic risk is a crucial ingredient for … risk-neutral approach …