firm investment opportunities, correlation in cash flows, fraction of tangible assets, and industry concentration …

significantly on both US and UK EPU shocks. The long-run correlation depends positively on the US EPU shocks. The dependence is … US EPU shocks perform well in predicting correlation. We further analyze categorical EPU shocks and several global stock …

correlation, but UK EPU shocks only affect its own long-run variance. The results are consistent when we include more countries in … correlation, even after accounting for a number of alternative uncertainty measures, and that it performs better out …

. We also find that the cross-correlation of the trade signs turns out to be a short-memory process …

correlations and expected returns. This study reveals that the impacts of conditional correlation are dependent upon the level of …