Publications of the Research Unit Pensions and Sustainable Financial Markets

• Highest Level Since April 2013
• Inflation Expectations Broadly Unchanged
• Stable EUR/CHF Expected
• Gold: Split View Among Analysts
• Special Questions: Long-Term Forecasts

• Konjunkturoptimismus nimmt zu
• EZB: Weiterhin expansive Geldpolitik erwartet
• USA: Konjunkturelle Lage verbessert sich weiter
• Japan: Konjunktureinschätzungen im Aufwind
• Großbritannien: Wirtschaftliche Erholung…

This paper provides an explanation of why garbage as a measure of consumption implies a several times lower coefficient of relative risk aversion in the consumptionbased asset pricing model than consumption…

• Increasing Optimism for the CEE Region During the Last Three Months
• Economic Outlook for the CEE Region, Austria and the Eurozone
• Czech Republic, Poland, and Slovakia: Improved Current Situation
• Croatia, Hungary…

The financial and economic crisis has stressed the need for a better understanding of destabilizing effects, in particular arising from the financial sector, and how these may spill over to economic activity. In…

Since trade is becoming more of a task-related phenomenon due to the increase in offshoring activities by firms, the pattern of effects across workers is changing as well. In particular, the skill-based…

• Zögerliche Erholung der deutschen Konjunktur in unsicherem internationalem Umfeld
• Die voraussichtliche Lage in der EWU
• Ergebnisse der Augustumfrage 2013
• Optimistische Prognosen und gute Lage
• Dynamische Effekte der…

• ZEW-Konjunkturerwartungen verbessern sich
• EZB: Experten erwarten höhere Inflationsrate in Europa
• USA: Einschätzung der konjunkturellen Lage bleibt positiv
• Japan: Konjunkturelle Lage verbessert sich erneut
• Großbritan…

• Generally More Optimistic
• Inflation Expectations Broadly Unchanged
• Expectations of a Weaker CHF Increase
• Mixed Sentiment for Gold
• Special Questions: Valuation of Asset Classes