Publications of the Research Unit Pensions and Sustainable Financial Markets

• Inheritance Tax Reform Proposals Would Result in Cost Increases for Business Transfers
• Knowledge Investment Particularly Benefits IT-Intensive Branches of the Economy
• Growth in Final Demand Is Driving up the…

The financial and economic crisis has stressed the need for a better understanding of destabilizing effects, in particular arising from the financial sector, and how these may spill over to economic activity. In…

Academic research and policy makers in the Euro area are currently concerned with the threat of debt deflation and secular stagnation in Europe. Empirical evidence seems to suggest that secular stagnation and…

• Opportunity or Threat? Digitalisation Will Transform the Future of Work
• Unilateral Environmental Regulations Encourage the Relocation of Production
• Only Comprehensive Sustainability Strategies Pay off for…

I extend the model-based literature on spillover effects of labour market reforms on foreign (un-)employment by allowing for third-country effects. When the workhorse two-country model is enlarged to include a…

• Sovereign Debt Crisis in Europe: Haircut Size and Type Are Decisive
• European Banking Regulations Expand Demand for Government Bonds
• Climate Policy Has to Be Socially Balanced
• Increasing Research Productivity in…

This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI promoting policies may have consequences for the business cycle comovement between countries, and…