Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. Refereed Journal // 2015

    Measuring Disagreement in Qualitative Expectations

    We assess how well measures of disagreement in qualitative survey expectations reflect disagreement in corresponding quantitative expectations. We consider a variety of measures, belonging to two categories:…

  2. Financial Market Report Switzerland // 2015

    May 2015

    • Recovery from Swiss Franc Shock Continues
    • Continued Uncertainty Regarding EUR/CHF Exchange Rate
    • Downward Inflation Expectations
    • No Change in Short-Term Interest Rates Expected
    • High Expectations for European Stock…
  3. ZEW Discussion Paper No. 15-024 // 2015

    Aging and Urban House Prices

    This paper investigates the long-run relationships between the size and age composition of a city's population and the price of local housing. For estimation purposes, we combine city-level demographic…

  4. ZEW Discussion Paper No. 15-020 // 2015

    Escape Routes from Sovereign Default Risk in the Euro Area

    The recent financial and sovereign debt crises around the world have sparked a growing literature on models and empirical estimates of defaultable debt. Frequently households and firms come under default threat,…

  5. ZEW-Finanzmarktreport // 2015

    April 2015

    • Konjunkturerwartungen weiter auf hohem Niveau
    • EZB: Inflationserwartungen stark gestiegen
    • USA: Einschätzung der Wirtschaftslage verschlechtert sich
    • Japan: Dritter Anstieg des Lageindikators in Folge
    • Großbritannien:…
  6. Financial Market Report Switzerland // 2015

    April 2015

    • Economic Activity Expectations Recover from Swiss Franc Shock
    • Continued EUR/CHF Exchange Rate Uncertainty
    • Stable Inflation Expected
    • No Change in Short-Term Interest Rates Expected
    • Positive Outlook for European Stock…
  7. ZEW-Finanzmarktreport // 2015

    März 2015

    • Leichter Anstieg der Konjunkturerwartungen
    • EZB: Anstieg der Inflationsrate erwartet
    • USA: Konjunkturlage weiter auf hohem Niveau
    • Japan: Lageeinschätzung deutlich verbessert
    • Großbritannien: Konjunkturerwartungen…
  8. Financial Market Report Switzerland // 2015

    March 2015

    • Plunge in Switzerland’s Economic Outlook
    • CHF Appreciation Pushes Down Inflation Expectations
    • No Change in Short-Term Interest Rates Expected
    • Uncertainty Regarding the EUR/CHF Exchange Rate
    • Expectations for Swiss…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)