Publikationen des Forschungsbereichs Altersvorsorge und nachhaltige Finanzmärkte

  1. ZEW Discussion Paper Nr. 02-19 // 2002

    Factor Mobility, Government Debt and the Decline in Public Investment

    This paper tries to explain the declining level of public investment in OECD countries. The theoretical framework hints to the relevance of a number of demand and supply factors – ranging from the yield of…

  2. ZEW Discussion Paper Nr. 02-10 // 2002

    Asset Prices and Alternative Characterizations of the Pricing Kernel

    In a continuous-time representative investor economy with an exogenously given information process, asset prices are derived for alternative characterizations of the pricing kernel. In addition to the…

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