Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 09-042 // 2009

    Higher-Order Beliefs Among Professional Stock Market Forecasters: Some First Empirical Tests

    A sizeable literature reports that financial market analysts and forecasters herd for reputational reasons (See e.g. Devenow and Welch (1996) and Hirshleifer and Teoh (2003) for surveys). As an example, Lamont…

  2. Financial Market Report Switzerland // 2009

    August 2009

    • Economic Expectations Edge Down Again
    • Eurozone: Experts Expect Short-Term Interest Rates to Hold Steady
    • USA: Almost 57% of Respondents Forecast Improving Economic Outlook
    • Great Britain: Waning Economic Situation…
  3. Financial Market Report CEE // 2009

    August 2009

    • Economic Expectations for Central and Eastern Europe More Cautious
    • Czech Republic, Poland, and Slovakia: Expectations for Unchanged Economies
    • Hungary, Romania, and Croatia: Doubts About Current Situation
    • Special…
  4. ZEW-Finanzmarktreport // 2009

    August 2009

    • Leichte Korrektur der Erwartungen
    • EZB: Zinsniveau angemessen
    • USA: Experten erwarten keine baldige Leitzinsanhebung
    • Japan: Konjunkturerwartungen nahezu unverändert
    • Großbritannien: Bank of England lässt Leitzinsen…
  5. Financial Market Report Switzerland // 2009

    July 2009

    • Indicator Back in Positive Territory
    • Eurozone: Most Experts Expect ECB to Hold Rates Steady in the Next Six Months
    • USA: Optimism Over the Future Economy Predominates
    • Great Britain: Slightly Brightening Economic…
  6. Financial Market Report CEE // 2009

    July 2009

    • Economic Outlook for Central and Eastern Europe Strengthens
    • Czech Republic, Poland, and Slovakia: Current Economic Situation Recovers
    • Hungary, Romania, and Croatia: Improved Stock Market Expectations
    • Special…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)