Publications of the Research Unit Pensions and Sustainable Financial Markets

We investigate consequences of overleveraging and financial sector stress on real economic activities. When banks become vulnerable, due to high leveraging, and there is a strong feedback between the real and…

• Bank Stress Test - Europe's Banks Lack Capital to Endure Crisis
• Germany and France Have Divergent Energy Policy Priorities
• Declining Price Expectations for European Union Emission Allowances
• Q&A: Is Germany on the…

We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different…

We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate…

This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment. The empirical results are basically consistent with an insider view of labor market…

• Raw Material Consumption Continues to Rise Despite Greater Efficiency
• Country-by-Country Reporting not Suitable to Combat International Profit Shifting
• Rebound Effects Diminish Gains from Increased Energy…