Publications of the Research Unit Pensions and Sustainable Financial Markets

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

• ZEW-Konjunkturerwartungen etwas schwächer
• EZB: Anstieg der Inflationsrate in Europa erwartet
• USA: Einschätzung zur Konjunkturlage wieder im positiven Bereich
• Japan: Konjunkturerwartungen verschlechtern sich leicht
• G…

• Analysts Remain Cautious Toward Growth
• Limited Short-Term Risks for Inflation
• Stability Expected for EUR/CHF
• Positive Sentiment for Equities Confirmed
• Special Questions: Medium-Term Forecasts

A considerable degree of business cycle synchronization is key to a successful operating currency union. The European Monetary Union as well as many other countries strives to attract foreign direct investment…

Several studies document an important relationship between firms' productivity and their internationalisation strategy. Recent evidence suggests that trade liberalization might imply firm growth increasing…