Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 11-080 // 2011

    Fiscal Adjustment in Greece: In Search for Sustainable Public Finances

    This paper analyses Greek fiscal sustainability. This topic lies in the core of all discussions about a potential exit of the country from the euro area, and - more in general - about the design and long-run…

  2. ZEW Discussion Paper No. 11-077 // 2011

    The Rat Race of Capital Structure Research for REITs and REOCs: Two Spotlights on Leverage

    Since the seminal work of Franco Modigliani and Merton Miller in 1958, no generally accepted capital structure theory has emerged. Consequently this paper does not aim to validate any of the capital structure…

  3. ZEW Discussion Paper No. 11-076 // 2011

    Do Private Equity Owners Increase Risk of Financial Distress and Bankruptcy?

    There is some controversy regarding the key sources of success in the private equity business model and on how this business model affects the portfolio companies. Does this success come from value creation or…

  4. ZEW-Finanzmarktreport // 2011

    Dezember 2011

    • Konjunktureller Ausblick weiterhin eingetrübt
    • EZB: Sinkende Leitzinsen aufgrund rückläufiger Inflationserwartungen
    • USA: Erwartungen trotzen dem Abwärtstrend
    • Großbritannien: Es geht nicht vorwärts
    • Sonderfrage:…
  5. Financial Market Report Switzerland // 2011

    December 2011

    • Economic Outlook for Switzerland: Expectations Remain Dampened
    • Eurozone: Confidence in the Economy Diminishes
    • Japan: Economic Expectations Remain Upbeat
    • USA: Assessment of Economic Picture More Positive
    • Great…
  6. ZEW-Wachstums- und Konjunkturanalysen // 2011

    Nr. 4 (Dezember) - 2011

    • Konjunktur in Deutschland: Erwartete Abkühlung, aber kein Wintereinbruch
    • Die voraussichtliche Lage in der EWU
    • Ergebnisse der Novemberumfrage 2011
    • Stimmungseinbruch in der IKT-Branche
    • Rentenreformakzeptanz und…
  7. Financial Market Report CEE // 2011

    December 2011

    • Economic Expectations for the CEE Region: Pessimism Returns
    • Economic Outlook for the CEE Region, Austria, and the Eurozone
    • Czech Republic, Poland, and Slovakia: Bullish Stock Markets
    • Croatia, Hungary, and Romania:…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)