Publications of the Research Unit Pensions and Sustainable Financial Markets

• Optimistischer Jahresbeginn – Konjunkturerwartungen steigen sehr stark an
• Eurozone: Konjunkturerwartungen hellen sich auf
• USA: Positiver Trend der Erwartungen hält an, Lage verschlechtert sich
• China:…

We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of U.S. households in which respondents were aged 60-79. We…

I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households’ ability to come up with EUR 2,000 within one month.…

We exploit proprietary information on severed correspondent banking relationships — due to the stricter enforcement of financial crime regulation — to assess how payment disruptions impede cross-border trade.…

• Financing Situation and Outlook Again Assessed More Pessimistically
• New Lows for Retail, Logistics and Residential
• Situation and Outlook in the Refinancing Markets Turn Pessimistic
• Loan-to-Value Ratios and…

We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…

• Konjunkturerwartungen steigen, Ausblick bleibt schlecht
• Eurozone: Verbesserung der Konjunkturerwartungen
• USA: Konjunkturerwartungen verbessern sich wieder
• China: Ausblick hellt sich etwas auf
• Sonderfrage:…