Publications of the Research Unit Pensions and Sustainable Financial Markets

• Misappropriation of Subsidies Weakens Effectiveness of Chinese Innovation Policy
• Which Measures Promote Energy Savings in Private Households Most Cost-Effectively?
• Debt-Equity Bias Should Be Addressed on…

We develop a portfolio balance model to analyze the impact of euro area quantitative easing (QE) on asset yields. Our model features two countries each populated by two agents representing their respective…

In an international comparison, Germans have a relatively high level of financial knowledge. However, this does not imply that financial knowledge is universally distributed. The share of respondents, who are…

• Inflation Effect of the ECB’s Change of Strategy Disputed Among Financial Experts
• Counteracting Information Deficits and Disinformation in Times of Fake News
• Smart Distribution of Emissions Could Save the EU…

Correspondent banks allow local banks in emerging markets to access the international payments system. This helps local banks to make cross-border payments, clear currencies, and provide trade finance. The…

• Withdrawal of Correspondent Banks Slows Down European Emerging Markets
• Parents Suffer from More Mental Stress Than Other Professionals
• Sharp Increase in Insolvencies Expected Among Smaller Companies
• Taxing…

Building up sufficient capital for old-age provision often is a challenge for private households. For homeowners, one way to generate old-age income from illiquid housing wealth is the use of equity release…

• Stability of the Eurozone Largely Relies on the European Central Bank’s Drip-Feed
• Lack of Financial Literacy and Confidence Deters Women from Stock Market
• Innovation Gap Widens During Crises
• Wide-Scale…