We argue that corporate bond yields reflect fears of debt deflation. When debt is nominal,
unexpectedly low inflation increases real liabilities and default risk. In a real business cycle …

We examine whether fundamental measures of volatility are incremental to market-based
measures of volatility in (i) predicting bankruptcies (out of sample), (ii) explaining cross-…

In the corporate bond market, investor propensity to reach for yield creates an opportunity for
factor-based investors to “reach for safety” following an economic intuition that parallels low-…

We document novel empirical insights driving the prices of sovereign external emerging
market bonds. In the time series, we examine the market portfolio’s time-varying exposures to a …

We show that the level of interest rates determines the magnitude of mispricing at the turn of
the tax year, as investors face the trade-o¤ between selling a temporarily depressed stock …

We examine whether accounting based measures of volatility are incremental to market
based measures of volatility in predicting bankruptcies out of sample and in explaining credit …

… Email: Johnny.Kang@aqr.com. We are deeply grateful for suggestions from John
Campbell, Lauren Cohen, Josh Coval, Robin Greenwood, and Adi Sunderam. …

This Article has not argued for the propriety of restricting speech as a good in its own right.
Rather, it argues the Supreme Court has gone too far in protecting the right of highly offensive …

* Citation format: Johnny Kang and Carolin E. Pflueger, 2013, Internet Appendix to “Inflation
Risk in Corporate Bonds”, Journal of Finance [DOI STRING]. Please note: Wiley-Blackwell is …

We examine whether fundamental measures of volatility are incremental to market-based
measures of volatility in (i) predicting bankruptcies (out of sample),(ii) explaining cross-…