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• W2182703934 abstract "We assess the eect of equity market liquidity on U.S. bond risk premia. We nd that stock market liquidity adds to the well established Cochrane-Piazzesi and Ludvigson-Ng factors. The dierence in liquidity between small and big stocks is especially important. The eects are highly statistically and economically signicant. We nd that these eects are related to portfolio shifts, ight-to-quality, of investors between equity and money market funds." @default.
• W2182703934 created "2016-06-24" @default.
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• W2182703934 date "2011-01-01" @default.
• W2182703934 modified "2023-09-27" @default.
• W2182703934 title "Stock Market Liquidity and Bond Risk Premia" @default.
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• W2182703934 hasPublicationYear "2011" @default.
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