Publications of the Research Unit Pensions and Sustainable Financial Markets

• Leniency Programmes as an Instrument for Uncovering Cartels in Europe
• The Downside of the Energy Transition
• Regulation Is Impeding the Growth of Fibre-Optic Networks in Europe
• Innovation Saves Jobs During Downturns
• …

The recent financial and sovereign debt crises around the world have sparked a growing literature on models and empirical estimates of defaultable debt. Frequently households and firms come under default threat,…

• Crises, Wars, and Geopolitics: A Look at the Security of Energy Supply
• EU Cartel Cases: The Amount of the Fine Impacts the Outcome of the Appeals Process
• Corporate Taxation: IP Box Regimes in Europe
• Does…

This paper focuses on finding starting-values for the estimation of Vector STAR models. Based on a Monte Carlo study, different procedures are evaluated. Their performance is assessed with respect to model fit…

We study how the exposure of fundamental and financial traders affects the futures curve of WTI oil and the market integration between WTI and Brent as measured by their price spread. To obtain a parsimonious…