Publications of the Research Unit Pensions and Sustainable Financial Markets

• Economic Sentiment for China Improves Slightly
• 28 analysts participated in the August survey, which was conducted during the period 8 till 23 August 2017

• Stabiler Ausblick trotz Rückgang der Erwartungen
• Euroraum: Konjunkturerwartungen gehen zurück
• USA: Konjunkturaussichten verschlechtern sich
• Japan: Konjunkturlage verbessert sich deutlich
• Großbritannien:…

We examine how the numeracy level of employees influences the quality of their on-the-job decisions. Based on an administrative dataset of a retail bank we relate the performance of loan officers in a…

• Economic Sentiments for China Worsens, But Growth Expectations Remain Positive
• 36 analysts participated in the July survey, which was conducted during the period 5 till 19 July 2017

• Positiver Ausblick für die deutsche Konjunktur bleibt bestehen
• Euroraum: Einschätzung der Konjunkturlage bessert sich deutlich
• USA: Konjunkturaussichten verändern sich kaum
• Japan: Konjunkturlage bessert…

Using the syndicated loan market as a laboratory, we analyze the effect of the Brexit referendum on corporate loan origination. Issuances in the UK syndicated loan market dropped by 25% after the Brexit…

We analyze more than 75,000 auctions in which banks bid for firm deposits. In each of these auctions, only the firm observes the banks and their bids and decides where to deposit its funds. Our results show that…