Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 99-17 // 1999

    250 Analysten, 1 Portfolio? - Eine ökonometrische Analyse von Empfehlungen zur Gestaltung eines Vermögensportfolios zur Altersvorsorge

    This study analyzes portfolio recommendations of financial experts, finding significant differences in portfoliostructure depending on the experts'institutional background. The recommendations stem from a survey…

  2. ZEW Discussion Paper No. 99-49 // 1999

    Die Reformperspektive der EU-Finanzverfassung nach den Beschlüssen zur Agenda 2000

    A rational financial constitution of the EU should be able to fulfil redistributive objectives at minimum costs. The present financial system of the Community is not compatible with this requirement. After the…

  3. ZEW Discussion Paper No. 99-29 // 1999

    Does Globalization Restrict Budgetary Autonomy? A Multidimendional Approach

    The paper investigates the business cycle relationships between the EU-15, the EU-11, as well as the EU-core countries for the period 1971 to 1997. Emphasis is put on the question whether there is a…

  4. ZEW Discussion Paper No. 99-19 // 1999

    Capital Mobility within EMU

    Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the…

  5. ZEW Discussion Paper No. 99-15 // 1999

    The Impact of Monetary Instruments on Shock Absorption in EU-Countries

    In the paper we analyse the question whether interest rate policies and / or nominal as well as real exchange rate changes served as a national policy instrument in the past to either protect one country from…

  6. ZEW Discussion Paper No. 99-04 // 1999

    Exchange Rate Regimes and Fiscal Discipline in OECD Countries

    Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed…

  7. ZEWnews English edition // 1999

    No. 4 - 1999

  8. ZEWnews English edition // 1999

    No. 3 - 1999

    • Debate on Effective Tax Burden of Corporations in Europe
    • Labour Mobility as Adjustment Mechanism for Euroland?
    • Exports in the Service Sector
    • Wage Subsidies Have Little Effect on Employment of Low-skilled Workers
    • Res…
  9. ZEWnews English edition // 1999

    No. 2 - 1999

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)