risk premium. As for the US, only a few predictors play an important role. In the case of the UK, future stock returns are …

Overlapping portfolios constitute a well-recognised source of risk, providing a channel for financial contagion induced … security-by-security basis from historical daily traded volumes and price returns. Systemic risk within the euro area financial … heterogeneous price impact parameters. Another new feature in this work is the application of a price-at-risk measure instead of the …

into components of expected future earnings and equity risk premia. Then, we evaluate how these react to general and sector … sector are mainly driven by changes in equity risk premia, while changes in earnings expectations play a comparatively larger …

generates large welfare gains, it also reduces risk premiums and raises the average risk-free real rate. The effect of the tax …

We examine the existence of physical and transition climate risk premia in euro areaequity markets. To do so, we … develop two novel physical and transition risk indicators, basedon text analysis, which are then used to gauge the presence of … climate risk premia. Resultssuggest that climate risk premia for both, transition and physical climate risk, have …