Publications of the Research Unit Pensions and Sustainable Financial Markets

This paper focuses on finding starting-values for the estimation of Vector STAR models. Based on a Monte Carlo study, different procedures are evaluated. Their performance is assessed with respect to model fit…

We study how the exposure of fundamental and financial traders affects the futures curve of WTI oil and the market integration between WTI and Brent as measured by their price spread. To obtain a parsimonious…

• SNB Decision Punctures Market Expectations
• Assessment of Current State of US Economy at Historically High Level

• Aufwärtstrend trotz Kapitalmarktturbulenzen
• EZB: Weiterer Rückgang der Inflationsrate erwartet
• USA: Konjunkturerwartungen leicht nach unten korrigiert
• Japan: Konjunkturausblick trübt sich wieder ein
• Großbritannien:…

• Konjunkturerwartungen legen deutlich zu
• EZB: Inflationserwartungen gehen zurück
• USA: Lageeinschätzung verbessert sich weiter
• Japan: Deutlicher Rücksetzer bei der Lageeinschätzung
• Großbritannien:…

• Inflation Projections Decline Along With the Price of Oil
• Oil Price Trend Lowers Inflation Expectations
• Short-Term Interest Rates Expected to Rise in the USA
• Dollar Expected to Appreciate
• Positive Stock-Market…