Publications of the Research Unit Pensions and Sustainable Financial Markets

Theoretical and practical portfolio management has been affected by the Modern Portfolio Theory (MPT) suggested by Markowitz (1952) for almost 60 years. An almost innumerable amount of research on this topic has…

Ever since the seminal papers of Fama (1965, 1970), the analysis of the efficient market hypothesis has been a key topic in both theoretical and empirical capital market analysis. The efficient market hypothesis…

Research in real estate finance and economics has been dealing with the topic of efficiency in the housing market for over 25 years, mainly for the U.S., Canada, and the U.K. Most recent research on this topic…

• Economic Outlook for Switzerland: Noticeable Downswing
• Eurozone: Increased Skepticism
• USA: Inflation Expectations Decline
• Japan: Stock Market Forecasts Are Cautiously Optimistic
• Great Britain: Economic Outlook…

• Wirtschaftliche Erholung Deutschlands von Unsicherheit überschattet
• Die voraussichtliche Lage in der EWU
• Ergebnisse der Maiumfrage 2010
• Wirtschaftliche Lage bei Dienstleistern der Informationsgesellschaft stabil
• Unt…

• Optimistic Economic Expectations for Central and Eastern Europe
• Czech Republic, Poland, and Slovakia: Optimists Prevail
• Hungary, Romania, and Croatia: Cautious Evaluation of the Situation
• Special Question: Wage…