Publications of the Research Unit Pensions and Sustainable Financial Markets

Financial literacy is a key skill in today's world. It influences individual prosperity, which in turn has an impact on the national economy. In view of the increasingly complex financial world and the growing…

This policy brief analyses German professional forecasters’ views on the upcoming US presidential election in November 2024 and its impact on the German economy. Our analysis is based on recent data from the…

This policy brief analyses German professional forecasters’ views on the upcoming US presidential election in November 2024 and its impact on the German economy. Depending on its outcome, the election can have a…

We use data on speeches held by members of the European Central Bank's (ECB) Executive Board to analyze whether the clarity of central bank communication has increased over time. Employing readability measures…

Financial markets are the backbone of the global economy, directing capital flows and resources to where they are needed. However, climate change and demands for greater environmental and social responsibility…

Ongoing global trends like climate change require firms to invest in projects that support their transformation. In order to unlock the huge sums of private capital necessary for these investments, the…

On 6 June 2024, the European Central Bank (ECB) lowered the main refinancing operations (MRO) rate from 4.5% to 4.25%. This decision followed a period of elevated interest rates intended to combat high inflation…

We propose to treat survey-based density expectations as compositional data when testing either for heterogeneity in density forecasts across different groups of agents or for changes over time. Monte Carlo…