Publications of the Research Unit Pensions and Sustainable Financial Markets

Kaum ein anderes Geschäftsfeld im deutschen Bankensektor hat sich in den vergangenen Jahren so dynamisch entwickelt wie das Retail-Banking. Ein wesentlicher Grund hierfür ist die zunehmende Präsenz…

• Economic Expectations Remain Dampened
• Eurozone: Economic Expectations Continue to Hover at a Low Level
• USA: Experts Foresee Renewed Interest Rate Hikes
• Japan: Economic Expectations Brighten up
• Great Britain:…

• Mostly Positive Assessment of the Current Economic Situation in CEE
• Czech Republic and Slovakia: Economic Expectations Brighten up; Good Current Situation Assessed for Poland
• Hungary, Romania, Croatia: Stabilized…

• Konjunktursorgen wegen Inflation und erwarteter Zinserhöhungen
• EZB: Zinserhöhung steht bevor
• USA: Experten rechnen mit Zinserhöhungen
• Japan: Normalisierung des Zinsniveaus erwartet
• Großbritannien: Konjunkturschwäche…

• Economic Expectations Brighten up Again
• Eurozone: Economic Expectations Remain Pessimistic
• USA: No Further Interest Rate Cuts Anticipated
• Japan: Survey Participants Forecast Climbing Inflation Rates
• Great Britain:…

• Experts are More Cautious in Their Economic Expectations for Central and Eastern Europe
• Czech Republic, Poland, and Slovakia: Good Current Situation; Weaker Economic Expectations
• Hungary, Romania, Croatia: Current…

We show empirically that survey-based measures of expected inflation are significant and strong predictors of future aggregate stock returns in several industrialized countries both in-sample and out-of-sample.…