Publications of the Research Unit Pensions and Sustainable Financial Markets

This paper analyses the performance of real estate securities and their relationship to other asset classes as well as to consumer price inflation in an international comparison over the period from 1990 to…

• Abwärtstrend der Erwartungen hält an
• EZB: Zurückfahren der akkomodierenden Haltung
• USA: Ende der Zinserhöhungen
• Japan: Konjunkturerholung setzt sich fort
• Großbritannien: Inflationsrisiken im Blick
• Sonderfrage:…

• Second Survey Confirms Positive Economic Outlook for Remainder of 2006
• Eurozone: Expectations Slightly Positive
• USA: Economic Slowdown Expected
• Japan: Normalization of Monetary Policy Expected
• Great Britain:…

• Deutliche Ernüchterung
• EZB: Rohstoffpreise gefährden Preisstabilität
• USA: Stagflation im Anmarsch
• Japan: Normalisierung der Geldpolitik
• Großbritannien: Stagnation der Konjunktur erwartet
• Sonderfrage: Exchange Traded…

The confidence that financial markets are able to discipline the debt behaviour of governments in the euro area is not very high. One possible reason could be that the European Central Bank accepts all European…

The confidence that financial markets are able to discipline the debt behaviour of governments is not very high. Therefore, the Stability and Growth Pact has been implemented as an institutional constraint to…

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We study the performance of conditional asset pricing models in explaining the German cross-section of stock returns. Our test assets are portfolios sorted by size and book-to-market as in the paper by Fama and…