stylized facts: (1) the positive stock-bond return correlation from 1971 to 2000 and the negative one after 2000, (2) the … coexistence of positive bond risk premiums and the negative stock-bond return correlation. We show that two distinctive shocks …---the technology and investment shocks---drive positive and negative stock-bond return correlations under two policy regimes, but …

stylized facts: (1) the positive stock-bond return correlation from 1971 to 2000 and the negative one after 2000, (2) the … coexistence of positive bond risk premiums and the negative stock-bond return correlation. We show that two distinctive shocks …—the technology and investment shocks—drive positive and negative stock-bond return correlations under two policy regimes, but …

stylized facts: (1) the positive stock-bond return correlation from 1971 to 2000 and the negative one after 2000, (2) the … coexistence of positive bond risk premiums and the negative stock-bond return correlation. We show that two distinctive shocks …-the technology and investment shocks-drive positive and negative stock-bond return correlations under two policy regimes, but …

How do cyclical fiscal stabilisation policies affect welfare and government bond risk premia? Using a new Keynesian … model we find that the effects of fiscal policy rules on the bond premium and welfare crucially depend on the source of …

fiscal stress in a New Keynesian model with endogenous bond risk premia. Open market debt maturity operations are non …