Publications of the Research Unit Pensions and Sustainable Financial Markets

How does government control over mass media affect banking system? Our theoretical model predicts that if the media are biased, depositors are less likely to run on their bank, but also less likely to deposit…

Women are less likely to correctly answer the “Big-3” financial literacy questions, and a substantial share of the gap reflects women’s lower confidence. In our experiment, women are more likely to choose “do…

• Neuwahlen und EZB-Geldpolitik lassen Konjunkturerwartungen steigen
• Eurozone: Leichter Optimismus trotz anhaltender Unsicherheiten
• USA: US-Konjunktur bleibt robust
• China: Erwartete Konjunkturstabilisierung
• …

We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy. Survey respondents make little difference between the previous strategy of targeting…