Research

Journal articles

Michael Chin, Pavol Povala (2024). Real Estate Exposures to Bond and Equity Return Drivers. Journal of Alternative Investments, forthcoming.

Link to published version

Michael Chin, Pavol Povala (2024). Simulating Long-horizon Returns on Government Bonds. Journal of Fixed Income, 33(4), March 2024, 18-44.

Link to published version

Anna Cieslak, Pavol Povala (2016). Information in the Term Structure of Yield Curve Volatility. Journal of Finance, 71, June 2016, p. 1393-1436.

Anna Cieslak, Pavol Povala (2015). Expected Returns in Treasury Bonds. Review of Financial Studies, 28, October 2015, p. 2859-2901.

Working papers

Pavol Povala, Ľudovít Ódor (2016). Risk Premiums in Slovak Government Bonds.

PDF Link to the NBS website

Anna Cieslak, Pavol Povala (2014). Nominal Term Spread, Real Rate and Consumption Growth.

Conference discussions

Pavol Povala (2015). Discussion of "Risk Premia and Volatilities in a Nonlinear Term Structure Model by Peter Feldhuetter, Christian Heyerdahl-Larsen, and Philipp Illeditsch". EFA 2015, Vienna.

Pavol Povala (2014). Discussion of "Interest rate spillovers during quantitative easing by Marcello Pericoli". Workshop on Advances in Fixed Income Modelling 2014, Madrid.

Pavol Povala (2012). Discussion of "The Economics of Options-Implied Inflation Probability Density Functions by Kitsul and Wright". EFA 2012, Copenhagen.

Pavol Povala (2012). Discussion of "Monetary Policy Shocks and Stock Returns - Identification Through Impossible Trinity by Ozdagli and Yu". EFA 2012, Copenhagen.

Pavol Povala (2011). Discussion of "Transaction Costs, Trading Volume, and the Liquidity Premium by Muhle-Karbe, Gerhold, Guasoni and Schachermeyer". FinRisk Research Day 2011, Gerzensee.

Pavol Povala (2011). Discussion of "Term Structure of Credit Default Swap Spreads and Cross-Section of Stock Returns by Han and Zhou". EFA 2011, Stockholm.

Pavol Povala (2011). Discussion of "A Multi-Country Term Structure Model with Unspanned Risks by Bauer and Diez de los Rios". Workshop on Advances in Fixed Income Modeling 2011, Madrid.

Pavol Povala (2010). Discussion of "Monetary Policy Disagreement by Rodrigo Guimaraes and Paul Whelan". Term Structure Workshop at Bundesbank, October 2016, Frankfurt.

Pavol Povala (2010). Discussion of "Exploring the Performance of Government Debt Issuance by Eisl, Elendner and Pichler.". European Winter Finance Summit 2010.