This study evaluates the effect of renewable, non-renewable energy consumption and
economic growth on unemployment rate across 51 US states over the period 1977–2017 …

We show that labor market frictions are first-order for understanding credit markets. Wage
growth and labor share forecast aggregate credit spreads and debt growth as well as or …

Are standard structural models able to explain credit spreads on corporate bonds? In
contrast to much of the literature, we find that the Black-Cox model matches the level of …

An equilibrium search model with credible bargaining, when calibrated to the mean and
volatility of postwar unemployment rates, is a good start to understanding the unemployment …

This study investigates the spatial differentiation of credit risk related to global climate
change in 30 Chinese provinces from 2010 to 2020. We utilize geodetector techniques to …

A dynamic stochastic general equilibrium model with recursive utility, search frictions, and
capital accumulation is a good start to forming a unified theory of asset prices and business …

In order to identify the determinants that influence the credit risk of Peruvian municipal
savings banks, this quantitative research uses a nonexperimental design and a longitudinal …

A search and matching model, when calibrated to the mean and volatility of unemployment
in the postwar sample, can potentially explain the unemployment crisis in the Great …

We examine the impact of tail risk on the return dynamics of size, book‐to‐market ratio,
momentum and idiosyncratic volatility sorted portfolios. Our time‐series analyses document …

In this paper, we look at the connection between the stock market and the unemployment
rate in the United States. Using a recent time-varying Granger causality framework covering …