Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 13-026 // 2013

    GDP Mimicking Portfolios and the Cross-Section of Stock Returns

    This paper studies popular macroeconomic factors based on the gross domestic product (GDP) in a unified framework. Based on theoretical reasons, aggregate GDP as a measure of fundamental risk is an obvious risk…

  2. ZEW-Finanzmarktreport // 2013

    Juni 2013

    • ZEW-Index verharrt auf Vormonatsniveau
    • EZB: Keine höhere Inflationsrate erwartet
    • USA: Konjunkturerwartungen verbessern sich leicht
    • Japan: Weiterer Anstieg der Konjunkturerwartungen
    • Großbritannien:…
  3. Financial Market Report Switzerland // 2013

    June 2013

    • Trend Reversal in Credit Suisse ZEW Indicator?
    • Further Eurozone Rate Cuts on the Radar Screen
    • Higher Gold Price Expected
    • Consistency on the Stock Market
    • Special Question: Asset Valuations
  4. ZEW Discussion Paper No. 13-022 // 2013

    What is the Wind Behind the Sails to Go Abroad? - Empirical Evidence from the Mutual Fund Industry

    This paper analyzes the domiciliation decision in the mutual fund market. The intensified competition among fund companies in the EU has provided incentives to relocate companies' activities and to domicile…

  5. ZEW-Finanzmarktreport // 2013

    Mai 2013

    • Konjunkturerwartungen gedämpft
    • EZB: Geringere Inflationsraten erwartet
    • USA: Konjunkturerwartungen geben leicht nach
    • Japan: Inflationserwartungen steigen
    • Großbritannien: Konjunkturerwartungen wieder verhaltener
    • Sonder…
  6. Financial Market Report Switzerland // 2013

    May 2013

    • Credit Suisse ZEW Indicator Nears 3-Year High
    • EUR/CHF to Remain at Current Level
    • No Inflationary Pressures Expected
    • Optimism on Swiss Stocks is Receding
    • Special Question: Medium-Term Forecasts
  7. Financial Market Report CEE // 2013

    April 2013

    • Positive Economic Sentiments for the CEE Region Strengthen
    • Economic Outlook for the CEE Region, Austria and the Eurozone
    • Czech Republic, Poland, and Slovakia: Economic Sentiments Improved
    • Croatia, Hungary and…
  8. ZEW-Finanzmarktreport // 2013

    April 2013

    • Finanzmarktexperten bleiben optimistisch
    • EZB: Inflationserwartungen bleiben konstant
    • USA: Konjunkturerwartungen nahezu unverändert
    • Japan: Konjunkturerwartungen legen weiter zu
    • Großbritannien: Konjunkturlage bleibt…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)