SAFE Publications

Forscher/innen	Titel	Programmbereich	Typ	Publiziert	Keywords
Reint Gropp, Andre Guettler	Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition Journal of Banking & Finance	Financial Intermediation, Transparency Lab	Published Paper	2018	soft information, discretionary lending, relationship lending, competition
Douglas Cumming, Jochen Christian Werth, Yelin Zhang	Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks Small Business Economics	Law and Finance	Published Paper	2017	Entrepreneurship, Entrepreneurial Finance, Governance, Technology Park, Incubator, Board of Directors, Venture Capital, Angel
Florian Heider, Jonas Schlegel, Tobias Tröger, Mark Wahrenburg	Do "white knights" make excessive profits in bank resolution? White Paper No. 98	Financial Markets	Policy Paper	2023	Bank Resolution, Bank Acquisition, Auctions, "Event Study"
Rainer Haselmann, Vikrant Vig	The Limits of Model-Based Regulation	Financial Intermediation	Published Paper	2022	capital regulation, internal ratings, Basel regulation
Alessandro Di Nola, Leo Kaas, Haomin Wang	Rescue Policies for Small Businesses in the COVID-19 Recession forthcoming in Review of Economic Dynamics	Macro Finance	Published Paper	2023
Claes Bäckman, Tobin Hanspal	Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement Finance Planning Review	Household Finance	Published Paper	2022	Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection
Kevin Bauer, Oliver Hinz, Moritz von Zahn	Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing forthcoming in Information Systems Research	Financial Intermediation, Experiment Center	Published Paper	2023	XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency
Markku Kaustia, Elias Rantapuska	Does Mood Affect Trading Behavior? Journal of Financial Markets	Household Finance	Published Paper	2016	mood, seasonal affective disorder (SAD), weather, trading behavior, stock market
Benjamin Born, Gernot J. Müller, Johannes Pfeifer	Does Austerity Pay Off? The Review of Economics and Statistics	Macro Finance	Published Paper	2020	Fiscal policy, austerity, sovereign risk, yield spreads, confidence, panel VAR, local projections, fiscal stress
Giuliano Curatola	Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? Journal of Financial Stability	Financial Intermediation	Published Paper	2021
Jens-Hinrich Binder	Banking Union and the Governance of Credit Institutions - A Legal Perspective European Business Organization Law Review	Financial Intermediation, Law and Finance	Published Paper	2015	Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance
Alperen Afşin Gözlügöl, Wolf-Georg Ringe	Net-Zero Transition and M&A Transactions of Carbon-Intensive Assets UC Davis Law Review	Law and Finance	Published Paper	2023
Claes Bäckman, Chandler Lutz	The Impact of Interest-Only Loans on Affordability Regional Science and Urban Economics	Household Finance	Published Paper	2020
Aljoscha Janssen, Johannes Kasinger	Obfuscation and Rational Inattention forthcoming in The Journal of Industrial Economics	Financial Intermediation, Financial Markets	Published Paper	2023	Rational Inattention, Obfuscation, Price Competition, Digitalized Markets
Ilya Dergunov, Christoph Meinerding, Christian Schlag	Extreme Inflation and Time-Varying Expected Consumption Growth Management Science	Financial Markets	Published Paper	2023
Peter Andre, Carlo Pizzinelli, Christopher Roth, Johannes Wohlfart	Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples The Review of Economic Studies		Published Paper	2022
Michele Costola, Matteo Iacopini, Casper Wichers	Bayesian SAR Model with Stochastic Volatility and Multiple Time-Varying Weights SAFE Working Paper No. 407	Financial Markets	SAFE Working Paper	2023
Cannon Cloud, Simon Heß, Johannes Kasinger	Shared E-Scooter Services and Road Safety: Evidence from Six European Countries European Economic Review	Financial Markets	Published Paper	2023
Peter Andre	Shallow Meritocracy SAFE Working Paper No. 405	Household Finance, Experiment Center	SAFE Working Paper	2023
Mila Getmansky Sherman, Christian Kubitza, Loriana Pelizzon	Loss Sharing in Central Clearinghouses: Winners and Losers forthcoming in Review of Asset Pricing Studies	Financial Markets, Systemic Risk Lab	Published Paper	2023	Central Clearing, Counterparty Risk, Systematic Risk, OTC markets, Derivatives, Loss Sharing, Collateral, Margin
Peter Andre, Philipp Schirmer, Johannes Wohlfart	Mental Models of the Stock Market SAFE Working Paper No. 406	Household Finance, Financial Markets, Experiment Center	SAFE Working Paper	2023
Christian Alemán-Pericón, Christopher Busch, Alexander Ludwig, Raül Santaeulàlia-Llopis	Stage-Based Identification of Policy Effects SAFE Working Paper No. 404	Macro Finance	SAFE Working Paper	2023
Katja Langenbucher	Gruppendenken und Corporate Governance – illustriert am Beispiel des Wirecard Skandals White Paper No.97	Law and Finance	Policy Paper	2023	Group Think, Corporate Governance, Wirecard
Monica Billio, Roberto Casarin, Michele Costola	Learning from Experts: Energy Efficiency in Residential Buildings SAFE Working Paper No. 403	Financial Markets	SAFE Working Paper	2023	Energy efficiency, Energy Performance Certificate, Machine learning, Tree-based models, big data
Julian Detemple, Michael Kosfeld	Fairness and Inequality in Institution Formation SAFE Working Paper No. 402	Household Finance, Experiment Center	SAFE Working Paper	2023
Enrico Perotti	A Safe Core Mandate Policy Letter No. 103	Financial Markets	Policy Paper	2023	Lender of Last Resort, Central Banks, Money Market Funds
Kevin Bauer, Oliver Hinz, Michael Kosfeld, Lena Liebich	Decoding GPT’s Hidden ‘Rationality’ of Cooperation SAFE Working Paper No. 401	Household Finance, Experiment Center	SAFE Working Paper	2023	large language models, cooperation, goal orientation, economic rationality
Konstantin Egorov	Why Did Russian Economy not Collapse under Sanctions: Pre-War Evidence Policy Letter No. 102	Financial Markets	Policy Paper	2023	Sanctions, Russian Economy, Commodities
Andreas Hackethal, Philip Schnorpfeil, Michael Weber	Households’ Response to the Wealth Eﬀects of Inﬂation SAFE Working Paper No. 400	Household Finance	SAFE Working Paper	2023
Raimond Maurer, Sehrish Usman	Dynamics of Life Course Family Transitions in Germany: Exploring Patterns, Process and Relationships SAFE Working Paper No. 399	Household Finance	SAFE Working Paper	2023
Deyan Radev	Assessing Systemic Fragility – A Probabilistic Perspective Journal of Risk	Financial Intermediation	Published Paper	2022	Banking Stability, Financial Distress, Tail Risk, Contagion
Stefania Bortolotti, Gabriele Camera, Marco Casari	An Experiment on Retail Payments Systems Journal of Money, Credit and Banking	Macro Finance	Published Paper	2016	money, coordination, pricing, transactions
Markku Kaustia, Samuli Knüpfer, Sami Torstila	Stock Ownership and Political Behavior: Evidence from Demutualization Management Science	Household Finance	Published Paper	2015	Stock ownership, political behavior, salience, attention, identity
Abigail Hurwitz, Olivia S. Mitchell, Orly Sade	Testing Methods to Enhance Longevity Awareness Journal of Economic Behavior and Organization	Household Finance	Published Paper	2022
Claudia Lambert, Felix Noth, Ulrich Schüwer	How do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act Journal of Financial Intermediation	Financial Intermediation	Published Paper	2017	financial crisis, deposit insurance, bank regulation
Pantelis Karapanagiotis, Marius Liebald	Entity Matching with Similarity Encoding: A Supervised Learning Recommendation Framework for Linking (Big) Data SAFE Working Paper No. 398	Law and Finance, Data Center	SAFE Working Paper	2023
Katja Langenbucher	KI in der Leitungsentscheidung des Vorstands der Aktiengesellschaft White Paper No. 96	Financial Markets	Policy Paper	2023	Künstliche Intelligenz (KI), Leitungsentscheidungen, Mensch und Maschine
Gerrit von Zedlitz	Mind the Gap?! The Current State of Biodiversity Reporting White Paper No.95	Financial Markets	Policy Paper	2023	Biodiversity, Disclosure Framework, Reporting Standards
Christoph Hambel, Holger Kraft, André Meyer-Wehmann	When Should Retirees Tap Their Home Equity? fortcoming in Journal of Banking & Finance	Household Finance	Published Paper	2023	reverse mortgage, consumption-portfolio decisions, optimal stopping, biometric risks, financial disasters
Matteo Bagnara, Milad Goodarzi	Clustering-Based Sector Investing SAFE Working Paper No. 397	Financial Markets	SAFE Working Paper	2023	Empirical Asset Pricing, Risk Premium, Machine Learning, Industry Clas-sification, Clustering
Nils Grevenbrock, Alexander Ludwig, Nawid Siassi	Homeownership Rates, Housing Policies, and Co-Residence Decisions SAFE Working Paper No. 396	Macro Finance	SAFE Working Paper	2023
Jan Pieter Krahnen	Welche Rolle spielt die Finanzwirtschaft im Angesicht des Klimawandels?	Financial Markets	Policy Paper	2023	Grüne Transformation, Finanzsystem, Regulierung
Kevin Bauer, Oliver Hinz, Moritz von Zahn	Please Take Over: XAI, Delegation of Authority, and Domain Knowledge SAFE Working Paper No. 394	Financial Intermediation, Experiment Center	SAFE Working Paper	2023
Michael Kosfeld, Zahra Sharafi	The Preference Survey Module: Evidence on Social Preferences from Tehran SAFE Working Paper No. 393	Household Finance, Experiment Center	SAFE Working Paper	2023
Christian Mücke	Bank Dividend Restrictions and Banks’ Institutional Investors SAFE Working Paper No. 392	Financial Markets	SAFE Working Paper	2023
Carmelo Latino, Loriana Pelizzon, Max Riedel	How to Green the European Auto ABS Market? A Literature Survey SAFE Working Paper No. 391	Financial Markets	SAFE Working Paper	2023
Kamelia Kosekova, Angela Maddaloni, Melina Papoutsi, Fabiano Schivardi	Firm-Bank Relationships: A Cross-Country Comparison SAFE Working Paper No. 390	Financial Markets	SAFE Working Paper	2023
Tobias Berg, Elena Carletti, Stijn Claessens, Jan Pieter Krahnen, Irene Monasterolo, Marco Pagano	Climate regulation and financial risk: The challenge of policy uncertainty	Financial Markets	Policy Paper	2023	Climate Change, Financial Regulation and Banking
Felix Noth, Ulrich Schüwer	Natural Disaster and Bank Stability: Evidence from the U.S. Financial System Journal of Environmental Economics and Management	Financial Intermediation, Systemic Risk Lab	Published Paper	2023	natural disasters, bank stability, non-performing assets, bank performance
Vincenzo Pezone	The Real Effects of Judicial Enforcement Review of Finance	Law and Finance	Published Paper	2023
Nikolai Badenhoop, Angelina Hackmann, Christian Mücke, Loriana Pelizzon	Quo Vadis Sustainable Funds? Sustainability and taxonomy-aligned disclosure in Germany under the SFDR	Financial Markets	Policy Paper	2023	SFDR, Sustainabilty, Taxonomie, Disclosure, Sustainable Investments
Yalin Gündüz, Giorgio Ottonello, Loriana Pelizzon, Michael Schneider, Marti Subrahmanyam	Lighting up the Dark: Liquidity in the German Corporate Bond Market Journal of Fixed Income	Financial Markets, Systemic Risk Lab	Published Paper	2023	Corporate Bonds, WpHG, Liquidity, Transparency, OTC markets
Stefan Goldbach, Philipp Harms, Axel Jochem, Volker Nitsch, Alfons J. Weichenrieder	Retained Earnings and Foreign Portfolio Ownership: Implications for the Current Account Debate SAFE Working Paper No. 389	Macro Finance	SAFE Working Paper	2023
Gill Segal, Ivan Shaliastovich	Uncertainty, Risk, and Capital Growth SAFE Working Paper No. 388	Financial Markets	SAFE Working Paper	2023
Michele Costola, Katia Vozian	Pricing Climate Transition Risk: Evidence from European Corporate CDS SAFE Working Paper No. 387	Financial Markets	SAFE Working Paper	2023
Alperen Afşin Gözlügöl, Wolf-Georg Ringe	Net-Zero Transition and Divestments of Carbon-Intensive Assets SAFE Working Paper No. 386	Law and Finance	SAFE Working Paper	2023
Ignazio Angeloni	The digital euro: A precautionary device, not a deus ex machina	Financial Markets	Policy Paper	2023	Digital, Euro, Financial Stability, Monetary Policy, Central Bank, CBDC, Banks
Nikolai Badenhoop	Restitution Claims – EU Consumer Law Principles and the Mortgage Credit Directive as an Overarching Value Model forthcoming in Unfair Contract Terms and Restitution in European Private Law - the National and ECJ Litigation on House Loans Indexed in a Foreign Currency (Cambridge)	Law and Finance	Published Paper	2023
Nikolai Badenhoop, Stefan Grundmann	Foreign Currency Loans and the Foundations of European Contract Law – A Case for Financial and Contractual Crisis? European Review of Contract Law	Law and Finance	Published Paper	2023
Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide	Spoilt for choice: Determinants of market shares in fragmented equity markets Journal of Financial Markets	Financial Markets, Systemic Risk Lab	Published Paper	2023	Dark Trading, Fragmentation, Anonymity, Immediacy
Ester Faia, Vincenzo Pezone	The Cost of Wage Rigidity Review of Economic Studies	Macro Finance	Published Paper	2023	Matched employer–employee dataset, Firms’ cost of wage rigidity, Predetermined measure of wage rigidity, High-frequency identification, Heterogeneous wage rigidity
Jan Pieter Krahnen, Christian Wilde	Skin-in-the-Game in ABS Transactions: A Critical Review of Policy Options Journal of Financial Stability	Financial Markets	Published Paper	2022	Structured finance, ABS, STS (simple, transparent, and standardized securitizations), regulation, retention, Dodd-Frank Act
Florian Heider, Jan Pieter Krahnen, Loriana Pelizzon, Jonas Schlegel, Tobias Tröger	European lessons from Silicon Valley Bank resolution: A plea for a comprehensive demand deposit protection scheme (CDDPS) Policy Letter No. 98	Financial Intermediation, Financial Markets	Policy Paper	2023	European Deposit protection scheme
Julian Greth, Alperen Afşin Gözlügöl, Tobias Tröger	The Oscillating Domains of Public and Private Markets SAFE Working Paper No. 384	Law and Finance	SAFE Working Paper	2023	corporate finance, capital markets, public markets, private markets, private equity, securities regulation, financial regulation
Nikolai Badenhoop	Europäische Bankenregulierung und private Haftung Schriften zum Unternehmens- und Kapitalmarktrecht	Law and Finance	Published Paper	2020
Nikolai Badenhoop	Private Law Duties Deriving From EU Banking Regulation and its Individual Protection Goals European Review of Contract Law	Law and Finance	Published Paper	2020
Nikolai Badenhoop, René Smits	Towards a Single Standard of Professional Secrecy for Financial Sector Supervisory Authorities: A Reform Proposal European Law Review	Law and Finance	Published Paper	2019	financial supervision; professional secrecy; access to files; accountability; Banking Union; SSM; ECB
Nikolai Badenhoop, Henning Berger	Financial Services and Brexit: Navigating towards Future Market Access European Business Organization Law Review	Law and Finance	Published Paper	2018	Brexit, Commercial Banking, Clearing, EU passport, GATS, CETA, FTA, Equivalence, Alignment
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk	Artificial Intelligence, Ethics, and Intergenerational Responsibility Journal of Economic Behavior & Organization	Household Finance, Experiment Center	Published Paper	2023
Angela Maddaloni	Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds SAFE Working Paper No. 385	Financial Intermediation	SAFE Working Paper	2023
Satyajit Dutt, Jan Wedigo Radermacher	Age, Wealth, and the MPC in Europe - A Supervised Machine Learning Approach SAFE Working Paper No. 383	Household Finance	SAFE Working Paper	2023
Jan Wedigo Radermacher	Mamma Mia! Revealing Hidden Heterogeneity by PCA-Biplot - MPC Puzzle for Italy’s Elderly Poor SAFE Working Paper No. 382	Household Finance	SAFE Working Paper	2023
Fincap Team	Non-Standard Errors forthcoming in Journal of Finance	Financial Intermediation, Financial Markets	Published Paper	2023	non-standard errors, multi-analyst approach, liquidity
Alexander Hillert, Alexandra Niessen-Ruenzi, Stefan Ruenzi	Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior SAFE Working Paper No. 380	Financial Markets, Data Center	SAFE Working Paper	2023
Anastasia Kotovskaia, Tobias Tröger	National Interests and Supranational Resolution in the European Banking Union European Business Law Review	Financial Intermediation, Law and Finance, Financial Markets	Published Paper	2023	SRB, SRF, bank resolution, banking union, bail-in, ESM, national interest, political economy, bureaucrats’ incentives
Irene Mecatti, Tobias Tröger	Who Should Hold Bail-Inable Debt and How can Regulators Police Holding Restrictions Effectively? forthcoming in Rivista Italiana di Diritto Pubblico Comunitario	Law and Finance	Published Paper	2023
Irene Mecatti, Tobias Tröger	Who Should Hold Bail-Inable Debt and How can Regulators Police Holding Restrictions Effectively? SAFE Working Paper No. 379	Law and Finance	SAFE Working Paper	2023
Tobias Tröger	Impfung statt Schlangenöl Juristische Arbeitsblätter	Law and Finance	Published Paper	2022
Tobias Tröger	Capital Buffers for Systemically Important Banks and Systemic Risk Buffer Oxford EU Financial Regulation (Oxford University Press)	Law and Finance	Published Paper	2022
Tobias Tröger	Qualitative Capital Requirements and their Relationship with MREL/TLAC Oxford EU Financial Regulation (Oxford University Press)	Law and Finance	Published Paper	2022
Tobias Tröger	Die fehlerhafte Gesellschaft Handbuch der Personengesellschaften (Dr. Otto Schmidt KG)	Law and Finance	Published Paper	2022
Sebastian Steuer	Grundlagen des freiwilligen Kohlenstoffhandels Zeitschrift für Umweltrecht	Law and Finance	Published Paper	2022
Sebastian Steuer	Grüne Transparenz und nachhaltige Verwirrung – Die produktbezogenen Informationsvorschriften der SFDR Zeitschrift für Bankrecht und Bankwirtschaft	Law and Finance	Published Paper	2022
Sabine Bernard, Benjamin Loos, Martin Weber	How Speculative Asset Characteristics Shape Retail Investors’ Selling Behavior SAFE Working Paper No. 378	Household Finance	SAFE Working Paper	2023	Selling Behavior, Disposition Effect, Retail Investor, Speculation, Higher Moments of Return, Realization Utility
Carsten Bienz, Karin Thorburn, Uwe Walz	Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers Journal of Financial Intermediation	Financial Intermediation	Published Paper	2023	Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth
Alessandro Pollastri, Paulo Rodrigues, Christian Schlag, Norman Seeger	A Jumping Index of Jumping Stocks? An MCMC Analysis of Continuous-Time Models for Individual Stocks Journal of Empirical Finance	Financial Markets	Published Paper	2023
Andreas Nölke	EU Economic Governance: Erosion or Integration? Post-Corona Capitalism: The Alternatives Ahead	Macro Finance	Published Paper	2022
Daniel Mertens, Matthias Thiemann	Investing in the Single Market? Core-Periphery Dynamics and the Hybrid Governance of Supranational Investment Policies Journal of European Integration	Macro Finance	Published Paper	2022
Sandra Eckert	Sectoral Governance under the EU's Bilateral Agreements and the Limits of Joint Institutional Frameworks: Insights from EU-Swiss Bilateralism for Post-Brexit Relations with the UK Journal of Common Market Studies	Macro Finance	Published Paper	2022
Katja Langenbucher, Martin Winner	Wirecard und Commerzialbank Mattersburg - Compliance, Kontrollversagen und die Folgen für den Gesetzgeber Zeitschrift für Finanzmarktrecht	Household Finance	Published Paper	2022
Myriam Hadnes, Michael Kosfeld, Björn Vollan	Fetters of the Sib’ in an Uncertain Business Environment - An Experimental Study in Burkina Faso Entrepreneurship & Regional Development	Household Finance, Experiment Center	Published Paper	2023
Andrea Essl, Michael Kosfeld, Markus Kröll, Frauke von Bieberstein	Social Preferences and Sales Performance Journal of Economics & Management Strategy	Household Finance, Experiment Center	Published Paper	2023
Konstantin Egorov	Optimal Policy under Dollar Pricing SAFE Working Paper No. 377	Macro Finance	SAFE Working Paper	2023
Nikolai Badenhoop	Balancing Confidentiality and Transparency: The ECSPR Professional Secrecy Standard in Light of Cross-Sectoral EU Financial Regulation and ECJ Case Law Regulation on European Crowdfunding Service Providers for Business	Law and Finance	Published Paper	2022
Michele Costola, Oliver Hinz, Michael Nofer, Loriana Pelizzon	Machine Learning Sentiment Analysis, COVID-19 News and Stock Market Reactions Research in International Business and Finance	Financial Markets	Published Paper	2023	COVID-19 news, Sentiment Analysis, Stock Markets
Ruggero Jappelli, Loriana Pelizzon, Marti Subrahmanyam	Quantitative Easing, the Repo Market, and the Term Structure of Interest Rates SAFE Working Paper No. 395	Financial Markets	SAFE Working Paper	2023
Oliver Hinz, Nora Jansen	Inferring Opinion Leadership from Digital Footprints Journal of Business Research	Financial Markets	Published Paper	2022
Oliver Hinz, Cristina Mihale-Wilson, Christof Weinhardt, Wil van der Aalst	Corporate Digital Responsibility - Relevance and Opportunities for Business and Information Systems Engineering Business & Information Systems Engineering	Financial Markets	Published Paper	2022
Oliver Hinz, Andreas Lanz, Christian Schlereth, Simon Stolz, Michael Weiler	Social Capital Accumulation Through Social Media Networks: Evidence from a Randomized Field Experiment and Individual-Level Panel Data Management Information Systems Quarterly (MISQ)	Financial Markets	Published Paper	2022
Oliver Hinz	How Do Recommender Systems Lead to Consumer Purchases? A Causal Mediation Analysis of a Field Experiment Information Systems Research	Financial Markets	Published Paper	2022
Valerie Carl, Oliver Hinz, Timothy Zilcher	Corporate Digital Responsibility and the Current Corporate Social Responsibility Standard: An Analysis of Applicability Open Identity Summit 2022. Bonn: Gesellschaft für Informatik e.V..	Financial Markets	Published Paper	2022
Bernd Freisleben, Oliver Hinz, Katharina Keller, Anja Klein, Bernd Simon, Artur Sterz	A Multi-Stakeholder Modeling Framework for the Techno-Economic Analysis of Telecommunication Networks IEEE Communications Magazine	Financial Intermediation	Published Paper	2023
Andreas Hackethal, Benjamin Loos, Steffen Meyer, Charline Uhr	Switching from Commissions on Mutual Funds to Flat-Ffees: How are Advisory Clients Affected? Journal of Economic Behavior and Organization	Household Finance	Published Paper	2023
Alperen Afşin Gözlügöl	Private Companies: The Missing Link on The Path to Net Zero Journal of Corporate Law Studies	Law and Finance	Published Paper	2023
Nikolai Badenhoop	The Individual Protection Goals in EU Banking Regulation - A Process Towards Private Law Enforcement forthcoming in European Contract Law in the Banking and Financial Union	Law and Finance	Published Paper	2023
Nikolai Badenhoop	Greening Supply Chains and Their Financing under EU Law forthcoming in Contracts for Responsible and Sustainable Supply Chains: Model Clauses, Legal Analysis, and Practical Discussion	Law and Finance	Published Paper	2023
Konstantin Egorov, Dmitry Mukhin	Optimal Policy under Dollar Pricing American Economic Review	Macro Finance	Published Paper	2023
Riccardo Calcagno, Florian Heider	Stock-Based Pay, Liquidity, and the Role of Market Making Journal of Economic Theory	Financial Intermediation	Published Paper	2021
Florian Heider, Farzad Saidi, Glenn Schepens	Banks and Negative Interest Rates Annual Review of Financial Economics	Financial Intermediation	Published Paper	2021
Bruno Biais, Florian Heider, Marie Hoerova	Variation Margins, Fire Sales, and Information-constrained Optimality Review of Economic Studies	Financial Intermediation	Published Paper	2021
Florian Heider, Farzad Saidi, Glenn Schepens	Life Below Zero: Bank Lending Under Negative Policy Rates Review of Financial Studies	Financial Intermediation	Published Paper	2019
Carlos Garcia-de-Andoain, Florian Heider, Simone Manganelli	Lending-of-Last-Resort is as Lending-of-Last-Resort Does: Central Bank Liquidity Provision and Interbank Market Functioning in the Euro Area Journal of Financial Intermediation	Financial Intermediation	Published Paper	2016
Bruno Biais, Florian Heider, Marie Hoerova	Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins Journal of Finance	Financial Intermediation	Published Paper	2016
Florian Heider, Alexander Ljungqvist	As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes Journal of Financial Economics	Financial Intermediation	Published Paper	2015
Florian Heider, Marie Hoerova, Cornelia Holthausen	Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk Journal of Financial Economics	Financial Intermediation	Published Paper	2015
Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig, Carolin Nerlich	Climate Change Mitigation: How Effective is Green Quantitative Easing? SAFE Working Paper No. 376	Macro Finance	SAFE Working Paper	2022
Abigail Hurwitz, Olivia S. Mitchell, Orly Sade	Testing Methods to Enhance Longevity Awareness SAFE Working Paper No. 375	Household Finance	SAFE Working Paper	2022
Franco Fiordelisi, Giulia Fusi, Angela Maddaloni, David Marqués-Ibáñez	Pandemic Lending: Micro and Macro Effects of Model-Based Regulation SAFE Working Paper No. 374	Financial Intermediation	SAFE Working Paper	2022
Andreas Hackethal, Tobin Hanspal, Emily Kormanyos	Do Gamblers Invest in Lottery Stocks? SAFE Working Paper No. 373	Household Finance	SAFE Working Paper	2022
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Would 401(k) ‘Rothification’ Alter Saving, Retirement Security, and Inequality? Journal of Pension Economics & Finance	Financial Markets	Published Paper	2023
Alessandro Pollastri, Paulo Rodrigues, Christian Schlag, Norman Seeger	A Jumping Index of Jumping Stocks? An MCMC Analysis of Continuous-Time Models for Individual Stocks SAFE Working Paper No. 372	Financial Markets	SAFE Working Paper	2022	Jump-diffusion models; individual stocks; Markov Chain Monte Carlo
Mariano Massimiliano Croce, Tatyana Marchuk, Christian Schlag	The Leading Premium SAFE Working Paper No. 371	Financial Markets	SAFE Working Paper	2022
Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Nofer	The Effects of Discontinuing Machine Learning Decision Support SAFE Working Paper No. 370	Financial Intermediation, Experiment Center	SAFE Working Paper	2022
Katja Langenbucher	Consumer Credit in The Age of AI – Beyond Anti-Discrimination Law SAFE Working Paper No. 369	Law and Finance	SAFE Working Paper	2022
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Would 401(k) ‘Rothification’ Alter Saving, Retirement Security, and Inequality? SAFE Working Paper No. 368	Financial Markets	SAFE Working Paper	2022
Micha Bender, Benjamin Clapham, Peter Gomber, Jens Lausen	Drivers and Effects of Stock Market Fragmentation - Insights on SME Stocks SAFE Working Paper No. 367	Financial Markets	SAFE Working Paper	2022	Market Microstructure, Market Fragmentation, Securities Market Regulation, Market Quality, SME Trading
Thorsten Beck, Jan Pieter Krahnen, Philippe Martin, Franz Mayer, Jean Pisani-Ferry, Tobias Tröger, Nicolas Véron, Beatrice Weder di Mauro, Jeromin Zettelmeyer	Completing the banking union: Economic requirements and legal conditions White Paper No. 93	Financial Markets	Policy Paper	2022	Banking Union, Legal Reforms
Satchit Sagade, Stefan Scharnowski, Christian Westheide	Broker Colocation and the Execution Costs of Customer and Proprietary Orders SAFE Working Paper No. 366	Financial Markets	SAFE Working Paper	2022
Caroline Fohlin, Zhikun Lu, Nan Zhou	Short Sale Bans May Improve Market Quality During Crises: New Evidence from the 2020 Covid Crash SAFE Working Paper No. 365	Financial Markets, Data Center	SAFE Working Paper	2022
Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel	Creditworthiness and Buildings’ Energy Efficiency in the Italian Mortgage Market Climate Investing: New Strategies and Implementation Challenges	Financial Markets	Published Paper	2023
Tatiana Farina, Jan Pieter Krahnen, Irene Mecatti, Loriana Pelizzon, Jonas Schlegel, Tobias Tröger	Is there a ‘retail challenge’ to banks’ resolvability? What do we know about the holders of bail-inable securities in the Banking Union? White Paper No. 92	Financial Markets	Policy Paper	2022	Banking Union, Bailin, Retail Challenge
Jannis Bischof, Rainer Haselmann, Tobias Tröger	Monitoring Complex Financial Instruments in Banks’ Balance Sheets White Paper No. 91	Financial Markets	Policy Paper	2022	Bank's Balance Sheets, Complex Financial Instruments
Christine Laudenbach, Stephan Siegel	Personal Communication in an Automated World: Evidence from Loan Repayments forthcoming in Journal of Finance	Household Finance	Published Paper	2023
Christine Laudenbach, Michael Ungeheuer, Martin Weber	How to Alleviate Correlation Neglect in Investment Decisions Management Science	Household Finance	Published Paper	2023
Rachel Nam	Open Banking and Customer Data Sharing: Implications for FinTech Borrowers SAFE Working Paper No. 364	Financial Markets	SAFE Working Paper	2022
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach	Disparities in Financial Literacy, Pension Planning, and Saving Behavior SAFE Working Paper No. 362	Household Finance	SAFE Working Paper	2022
Ata Can Bertay, José Gabo Carreño Bustos, Harry Huizinga, Burak Uras, Nathanael Vellekoop	Technological Change and the Finance Wage Premium SAFE Working Paper No. 361	Macro Finance	SAFE Working Paper	2022	wage premium, worker-firm panels, skill-biased technological change
Nikolai Badenhoop	Green Bonds: An assessment of the proposed EU Green Bond Standard and its potential to prevent greenwashing Publication for the Committee on Economic and Monetary Affairs, European Parliament	Law and Finance	Published Paper	2022	green bonds, taxonomy regulation
Alfons J. Weichenrieder	A Note on the Role of Monetary Policy When Natural Gas Supply Is Inelastic SAFE Working Paper No. 360	Macro Finance	SAFE Working Paper	2022	energy crisis, monetary policy, natural gas
Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber	On the Role of Monetary Incentives in Risk Preference Elicitation Experiments Journal of Risk and Uncertainty	Household Finance	Published Paper	2023	Risk Preferences, Incentives, Experimental Economics, Risk Aversion
Spencer Yongwook Kwon, Yueran Ma, Niklas Kaspar Zimmermann	100 Years of Rising Corporate Concentration SAFE Working Paper No. 359	Macro Finance	SAFE Working Paper	2022	Corporate concentration, economies of scale
Jana Eisenkopf, Steffen Juranek, Uwe Walz	Responsible Investment and Stock Market Shocks: Short-Term Insurance and Persistent Outperformance Post-Crisis? British Journal of Management	Financial Intermediation	Published Paper	2023	Responsible investment, ESG, stock market crisis, persistence
Matteo Bagnara	Asset Pricing and Machine Learning: A Critical Review forthcoming in Journal of Economic Surveys	Financial Markets	Published Paper	2023
Huynh Sang Truong, Uwe Walz	Spillovers of PE Investments SAFE Working Paper No. 357	Financial Intermediation	SAFE Working Paper	2022	LBO spillovers, peer effects, IV approach
Markus Eyting	Why do we Discriminate? The Role of Motivated Reasoning SAFE Working Paper No. 356	Household Finance, Experiment Center	SAFE Working Paper	2022
Sandra Eckert	European Administrative Networks, Private Networks and Agencies: Coexisting, Cooperating or Competing? Journal of European Public Policy	Financial Intermediation	Published Paper	2022
Alejandro Bernales, Nicolas Garrido, Satchit Sagade, Marcela Valenzuela, Christian Westheide	Trader Competition in Fragmented Markets: Liquidity Supply versus Picking-off Risk forthcoming in Journal of Financial and Quantitative Analysis	Financial Markets	Published Paper	2023	Fragmentation, Competition, Liquidity, Price Efficiency
Stephan Jank, Emanuel Moench, Michael Schneider	Safe Asset Shortage and Collateral Reuse SAFE Working Paper No. 355	Financial Markets	SAFE Working Paper	2022
Sebastian Steuer	Common Ownership and the (Non-)Transparency of Institutional Shareholdings: An EU-US Comparison SAFE Working Paper No. 354	Law and Finance	SAFE Working Paper	2022
Raimond Maurer, Hans-Peter Schwintowski	Die Generationenrente ab Geburt: Vorschlag für eine Altersarmut vermeidende ergänzende kapitalgedeckte Alterssicherung White Paper No. 90	Household Finance	Policy Paper	2022	Generationenrente, kapitalgedeckte Alterssicherung
Olga Balakina, Claes Bäckman, Andreas Hackethal, Tobin Hanspal, Dominique Lammer	Personal Recommendations and Portfolio Quality SAFE Working Paper No. 353	Household Finance	SAFE Working Paper	2022	Household nance, investment decisions, investment behavior, peer eects, social networks
Anastasia Kotovskaia, Nicola Meier	BigTech Cryptocurrencies – European regulatory solutions in sight Policy Letter No. 97	Law and Finance	Policy Paper	2022	Cryptocurrencies, Big Techs, MiCA, DMA, DSA, European Commision
Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel	Creditworthiness and buildings’ energy efficiency in the Italian mortgage market SAFE Working Paper No. 352	Financial Markets	SAFE Working Paper	2022
Andreas Nölke	The weaponization of global payment infrastructures: A strategic dilemma White Paper No. 89	Financial Markets, Policy Center	Policy Paper	2022	Ukraine, Russia, Sanctions, SWIFT
Ulrike M. Malmendier, Vincenzo Pezone, Hui Zheng	Managerial Duties and Managerial Biases Management Science	Law and Finance	Published Paper	2023
Markus Dertwinkel-Kalt, Johannes Kasinger, Dmitrij Schneider	Skewness Preferences: Evidence from Online Poker SAFE Working Paper No. 351	Financial Intermediation	SAFE Working Paper	2022	Online Poker; Risk Attitudes; Risk Preferences; Choice under Risk
Massimiliano Caporin, Michele Costola	Time-Varying Granger Causality Tests for Applications in Global Crude Oil Markets: A Study on the DCC-MGARCH Hong Test Energy Economics	Financial Markets	Published Paper	2022	Granger Causality, Hong test, DCC-GARCH, Oil market, COVID-19
Ruggero Jappelli, Konrad Lucke, Loriana Pelizzon	Price and Liquidity Discovery in European Sovereign Bonds and Futures SAFE Working Paper No. 350	Financial Markets	SAFE Working Paper	2022	Fixed Income, Limits to Arbitrage, Market Liquidity
Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren	Spillovers of Funding Dry-ups Journal of International Economics	Financial Intermediation	Published Paper	2022	Funding dry-ups Spillovers Money market funds Corporate deposits Dollar funding Banks
Dennis Gram, Pantelis Karapanagiotis, Marius Liebald, Uwe Walz	Design and Implementation of a Historical German Firm-level Financial Database Journal of Data and Information Quality	Financial Intermediation, Data Center	Published Paper	2022	informational systems, database design, database models, economic history, financial data, cliometrics,
Sebastian Steuer, Tobias Tröger	The Role of Disclosure in Green Finance Journal of Financial Regulation	Law and Finance	Published Paper	2022
Alperen Afşin Gözlügöl	The Clash of ‘E’ and ‘S’ of ESG: Just Transition on the Path to Net Zero and the Implications for Sustainable Corporate Governance and Finance Journal of World Energy Law & Business	Law and Finance	Published Paper	2022	climate change, sustainability, ESG, employees, workforce, net zero transition, corporate governance, institutional investors, green finance
Rainer Haselmann, Jan Pieter Krahnen, Tobias Tröger, Mark Wahrenburg	Institutional Protection Schemes: What are their differences, strengths, weaknesses, and track records? White Paper No. 88	Financial Intermediation	Policy Paper	2022	IPS, deposit guarantee scheme, savings banks
Fabian Nemeczek, Jan Wedigo Radermacher	Personality-Augmented MPC: Linking Survey and Transaction Data to Explain MPC Heterogeneity by Big Five Personality Traits SAFE Working Paper No. 348	Household Finance	SAFE Working Paper	2022	Marginal Propensity to Consume, Big Five Personality, Survey Data, Transaction Data
Heiko Jacobs, Christine Laudenbach, Sebastian Müller, Philipp Schreiber, Martin Weber	Die genial einfache Vermögensstrategie - so gelingt die finanzielle Unabhängigkeit Campus Verlag	Household Finance	Published Paper	2020	Vermögen, Kapitalanlage, Financial Investment
Emily C. Haisley, Christine Laudenbach, Martin Weber	The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite Management Science	Household Finance	Published Paper	2013	risk taking, asset allocation, risk perception
Christine Laudenbach, Martin Weber	Sometimes Less is More - the Influence of Information Aggregation on Investment Decisions Journal of Economic Behavior & Organization	Household Finance	Published Paper	2013	risk-return, information aggregation, investment decisions
Christian Ehm, Christine Laudenbach, Martin Weber	Volatility Inadaptability: Investors Care About Risk, but Cannot Cope with Volatility Review of Finance	Household Finance	Published Paper	2014	volatility, risk attitude, experimental finance, behavioral asset pricing
Christine Laudenbach, Ulrike M. Malmendier, Alexandra Niessen-Ruenzi	Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism AEA Papers and Proceedings	Household Finance	Published Paper	2019	Household Finance, Emotional Tagging, Communism
Andrej Gill, Florian Hett, Johannes Tischer	Time Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments SAFE Working Paper No. 347	Household Finance, Experiment Center	SAFE Working Paper	2022	Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement
Alfons J. Weichenrieder	Russia Today – The Russian Invasion of Ukraine and Russia’s Public Finances Policy Letter No. 96	Macro Finance	Policy Paper	2022	Ukraine, Russia, Invasion, Public Finance, Energy Embargo
Roman Inderst, Marcus Opp	Socially Optimal Sustainability Standards with Non-Consequentialist ("Warm Glow") Investors SAFE Working Paper No. 346	Financial Intermediation, Law and Finance, Household Finance	SAFE Working Paper	2022	Sustainability; ESG; green financing; labelling;
Florian Heider, Roman Inderst	A Corporate Finance Perspective on Environmental Policy SAFE Working Paper No. 345	Financial Intermediation, Law and Finance, Household Finance	SAFE Working Paper	2022
Steffen Eibelshäuser, Fabian Smetak	Frequent Batch Auctions and Informed Trading SAFE Working Paper No. 344	Household Finance, Financial Markets	SAFE Working Paper	2022
Alessandro Di Nola, Leo Kaas, Haomin Wang	Rescue Policies for Small Businesses in the COVID-19 Recession SAFE Working Paper No. 343	Macro Finance	SAFE Working Paper	2022
Alperen Afşin Gözlügöl, Wolf-Georg Ringe	Private Companies: The Missing Link on The Path to Net Zero SAFE Working Paper No. 342	Law and Finance	SAFE Working Paper	2022	private companies, net zero transition, sustainability disclosures, brown-spinning, climate change, private equity
Ignazio Angeloni, Christopher Daase, Nicole Deitelhoff, Matthias Goldmann, Jan Pieter Krahnen, Stefan Kroll, Carl-Georg Luft, Andreas Nölke, Anton Peez, Loriana Pelizzon	Designing a rational sanctioning strategy Policy Letter No. 95	Financial Markets	Policy Paper	2022	SWIFT, Russian Sanctions
Sandra Eckert	The Limits of Joint-Institutional Frameworks for Sectoral Governance in EU-Swiss Bilateral Relations: Lessons for Future Relations with the UK SAFE Working Paper No. 341	Financial Intermediation	SAFE Working Paper	2022
Tobias Tröger	Capital and Liquidity Requirements for European Banks Oxford EU Financial Regulation (Oxford University Press)	Law and Finance	Published Paper	2022
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart	The Trading Response of Individual Investors to Local Bankruptcies Journal of Financial Economics	Household Finance	Published Paper	2021	Individual investors, risk-taking, trading, experiences
Markus Kröll, Devesh Rustagi	Measuring Honesty and Explaining Adulteration in Naturally Occurring Markets Journal of Development Economics	Law and Finance, Experiment Center	Published Paper	2022	Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India
Alexander Hillert, Heiko Jacobs, Sebastian Müller	Media Makes Momentum Review of Financial Studies	Financial Markets, Data Center	Published Paper	2014
Alexander Hillert, Heiko Jacobs	Alphabetic Bias, Investor Recognition, and Trading Behavior Review of Finance	Financial Markets, Data Center	Published Paper	2015
Maug Ernst, Alexander Hillert, Stefan Obernberger	Stock Repurchases and Liquidity Journal of Financial Economics	Financial Markets, Data Center	Published Paper	2016
Alexander Hillert, Heiko Jacobs, Sebastian Müller	Journalist Disagreement Journal of Financial Markets	Financial Markets, Data Center	Published Paper	2018
Anastasia Kotovskaia, Tobias Tröger	National Interests and Supranational Resolution in the European Banking Union SAFE Working Paper No. 340	Financial Intermediation, Law and Finance, Financial Markets	SAFE Working Paper	2022	SRB, SRF, bank resolution, banking union, bail-in, ESM, national interest, political economy, bureaucrats’ incentives
Kevin Bauer, Oliver Hinz, Johanna Jagow, Cristina Mihale-Wilson, Maximilian Speicher, Moritz von Zahn	The Smart Green Nudge: Reducing Product Returns through Enriched Digital Footprints & Causal Machine Learning SAFE Working Paper No. 363	Financial Intermediation, Experiment Center	SAFE Working Paper	2022
Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre Guettler	Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract Journal of Financial and Quantitative Analysis	Financial Intermediation, Systemic Risk Lab	Published Paper	2019
Roman Inderst, Stefan Thomas	Nachhaltigkeit und Wettbewerb: Zu einer Reform des Wettbewerbsrechts für die Erreichung von Nachhaltigkeitszielen Policy Letter No. 94	Law and Finance	Policy Paper	2022	Nachhaltigkeit, ESG, Wettbewerbsrecht
Maximilian Lubda, Elsa Massoc	Social Media, Polarization and Democracy: A Multi-Methods Analysis of Polarized Users’ Interactions on Reddit’s r/WallStreetBets SAFE Working Paper No. 337	Law and Finance	SAFE Working Paper	2022	social media, polarization, democracy, investment forum
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk	Artificial Intelligence, Ethics, and Intergenerational Responsibility SAFE Working Paper No. 335	Household Finance, Experiment Center	SAFE Working Paper	2022
Matthias Goldmann	Contesting Austerity in the 1970s and 1980s - When Human Rights Went Missing Contingency in International Law: On the Possibility of Different Legal Histories	Financial Intermediation, Macro Finance	Published Paper	2021
Matthias Goldmann, Ingo Venzke, Armin von Bogdandy	Gemeinwohl im Völkerrecht. Eine Theorie internationaler öffentlicher Gewalt Normative Ordnungen (Suhrkamp)	Financial Intermediation, Law and Finance, Macro Finance	Published Paper	2021
Matthias Goldmann	Finanzverfassung und kommunaler Finanzausgleich - Zum Begriff der Finanzkraftreihenfolge bei interkommunalen Umlagen Die Öffentliche Verwaltung	Financial Intermediation, Law and Finance	Published Paper	2021
Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit Zafar	Biases in Information Selection and Processing: Survey Evidence from the Pandemic forthcoming in The Review of Economics and Statistics	Law and Finance	Published Paper	2023	Belief updating, confirmatory biases, endogenous informa- tion acquisition, media polarization, source dependence, COVID-19
Mariano Massimiliano Croce, Tatyana Marchuk, Christian Schlag	The Leading Premium Review of Financial Studies	Financial Markets	Published Paper	2023
Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon	Sustainable Finance: A journey toward ESG and climate risk SAFE Working Paper No. 349	Financial Markets	SAFE Working Paper	2022	Environmental, social, and governance factors (ESG); credit risk; debt cost; equity cost; sovereign bonds; portfolio management
Matteo Bagnara, Ruggero Jappelli	Liquidity Derivatives SAFE Working Paper No. 358	Financial Markets	SAFE Working Paper	2022	Asset Pricing, Market Liquidity, Liquidity Risk.
Pietro Dindo, Andrea Modena, Loriana Pelizzon	Risk Pooling, Intermediation Efficiency, and the Business Cycle Journal of Economic Dynamics & Control	Financial Markets, Macro Finance	Published Paper	2022	Amplification, business cycle, efficiency, dampening, restricted market participation, risk pooling
Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Darya Yuferova	Market Liquidity and Competition Among Designated Market Makers forthcoming in Management Science	Financial Markets, Systemic Risk Lab	Published Paper	2023	esignated Market Makers (DMMs), Liquidity Provision
Gianluca Anese, Marco Corazza, Michele Costola, Loriana Pelizzon	Impact of Public News Sentiment on Stock Market Index Return and Volatility Computational Management Science	Financial Markets	Published Paper	2023	Public financial news, Stock market, NLP, Dictionary, LSTM neural net- works, Investor sentiment, S&P 500
Alperen Afşin Gözlügöl	Controlling Shareholders and Intra-Group Transactions: A Special Framework University of Bologna Law Review	Law and Finance	Published Paper	2022
Alperen Afşin Gözlügöl	Controlling Tunnelling Through Lending Arrangements: The Disciplining Effect of Lending Arrangements on Value-Diversion, Its Limits and Implications European Business Law Review	Law and Finance	Published Paper	2022
Alperen Afşin Gözlügöl	Blinded by Fairness: Why We Need (Strong) Procedural Safeguards in Screening Self-Dealing and Obtaining A Fair Price Is Not the Answer European Business Organization Law Review	Law and Finance	Published Paper	2022
Alperen Afşin Gözlügöl	Related Party Transactions by Directors/Managers in Public Companies: A Data-Supported Analysis Journal of Corporate Law Studies	Law and Finance	Published Paper	2021
Alperen Afşin Gözlügöl	Majority of the Minority Approval of Related Party Transactions: The Analysis of Institutional Shareholder Voting European Company and Financial Law Review	Law and Finance	Published Paper	2021
Alperen Afşin Gözlügöl	The Political Economy of the Related Party Transactions Regulation in the Shareholders’ Rights Directive II Yearbook of European Law (Oxford University Press)	Law and Finance	Published Paper	2020
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Do Required Minimum Distribution 401(k) Rules Matter, and for Whom? Insights from a Lifecycle Model Journal of Banking & Finance	Household Finance	Published Paper	2023
Raimond Maurer	Chancen und Risiken der kapitalgedeckten Alterssicherung Vermögensbildungspolitik (Springer)	Household Finance	Published Paper	2021
Ilya Dergunov, Christoph Meinerding, Christian Schlag	Extreme Inflation and Time-Varying Expected Consumption Growth SAFE Working Paper No. 334	Financial Markets	SAFE Working Paper	2022
Sandra Eckert, Vincent R. Lindner, Andreas Nölke	Political Science Research on the Reasons for the (non) Adoption and (non) Implementation of EMU Reform Proposals: The State of the Art SAFE Working Paper No. 339	Macro Finance	SAFE Working Paper	2022
Andreas Nölke	For a Plurality of Economic and Social Models! Against a Monolithic Euro State! Key Controversies in European Integration (Bloomsbury Publishing)	Macro Finance	Published Paper	2021
Andreas Nölke	In Search of Institutional Complementarities: Comparative Capitalism and Economic Policy Reform Journal of Economic Policy Reform	Macro Finance	Published Paper	2021
Andreas Nölke	The Deformation of the Core by Dependency Relations: The Case of Germany in Europe Dependent Capitalisms in Contemporary Latin America and Europe. International Political Economy Series (Springer)	Macro Finance	Published Paper	2021
Sandra Eckert	The European Green Deal and the EU’s Regulatory Power in Times of Crisis The JCMS Annual Review of the European Union in 2020	Macro Finance	Published Paper	2021
Vincent R. Lindner	Solidarity without Conditionality. Comparing the EU Covid-19 Safety Nets SURE, Pandemic Crisis Support, and European Guarantee Fund SAFE Working Paper No. 333	Macro Finance	SAFE Working Paper	2022
Benedikt Happ, Tobias Tröger	Beschlussmängelrecht nach dem MoPeG: Bestandsaufnahme, Kritik und Fortentwicklung Zeitschrift für Wirtschaftsrecht	Law and Finance	Published Paper	2021
Rainer Haselmann, Tobias Tröger	When and How to Unwind COVID-Support Measures to the Banking System? Financial Stability amidst the Pandemic Crisis: On Top of the Wave	Law and Finance	Published Paper	2021	Covid-19, Forbearance, Bank Capitalization, Bank Resolution, Supervisory Relief Measures, Financial Stability
Tobias Tröger	Personelle Reichweite aktienrechtlicher Stimmverbote bei Aktionärsgruppen mit einheitlicher Interessenausrichtung Festschrift für Barbara Grunewald	Law and Finance	Published Paper	2021
Benedikt Happ, Tobias Tröger	Unzulängliche Institutionenbildung im Beschlussmängelrecht der Personengesellschaft Neue Zeitschrift für Gesellschaftsrecht	Law and Finance	Published Paper	2021
Victor Klockmann, Marie Claire Villeval, Alicia von Schenk	Artificial Intelligence, Ethics, and Pivotality SAFE Working Paper No. 336	Household Finance, Experiment Center	SAFE Working Paper	2022	Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment
Gyozo Gyöngyösi, Judit Rariga, Emil Verner	The Anatomy of Consumption in a Household Foreign Currency Debt Crisis SAFE Working Paper No. 332	Household Finance	SAFE Working Paper	2021
Loriana Pelizzon, Max Riedel, Zorka Simon, Marti Subrahmanyam	Collateral Eligibility of Corporate Debt in the Euro-system forthcoming in Journal of Financial Economics	Financial Markets, Macro Finance, Systemic Risk Lab	Published Paper	2023
Joost Driessen, Theo E. Nijman, Zorka Simon	A Simple Approach to Estimate Long-Term Interest Rates forthcoming in Journal of Pension Economics and Finance	Financial Markets, Systemic Risk Lab	Published Paper	2023	Sovereign Bonds, Term Structure of Interest Rates, Segmentation, Liquidity, Flight-to-safety, Credit Risk, Unconventional Monetary Policy
Nina Biljanovska, Spyridon Palligkinis	Control Thyself: Self-Control Failure and Household Wealth Journal of Banking & Finance	Household Finance, Macro Finance	Published Paper	2018	Self-Control, Household Wealth, Household Finance
Alexander Ludwig, Matthias Schön	Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods Computational Economics (Springer)	Household Finance, Macro Finance	Published Paper	2018	Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation
Shafik Hebous, Tom Zimmermann	Revisiting the Narrative Approach of Estimating Tax Multipliers The Scandinavian Journal of Economics	Macro Finance	Published Paper	2018	Narrative Approach, Fiscal Stabilization, Tax Multiplier, Weak Instruments
Ruggero Jappelli, Loriana Pelizzon, Alberto Plazzi	The Core, the Periphery, and the Disaster: Corporate-Sovereign Nexus in COVID-19 Times SAFE Working Paper No. 331	Financial Markets	SAFE Working Paper	2021
Iñaki Aldasoro, Iván Alves	Multiplex Interbank Networks and Systemic Importance: An Application to European Data Journal of Financial Stability	Macro Finance	Published Paper	2018	interbank networks, systemic importance, multiplex networks
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence Journal of Risk and Insurance	Household Finance	Published Paper	2021	Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Giovanni Bonaccolto, Massimiliano Caporin, Roberto Panzica	Estimation and Model-Based Combination of Causality Networks Journal of Empirical Finance	Financial Markets	Published Paper	2019	Granger causality, quantile causality, multi-layer network, network combination
Michael Donadelli, Patrick Grüning	Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare The North American Journal of Economics and Finance	Financial Markets	Published Paper	2021	Endogenous growth, Asset pricing, Government, Fiscal policy, Heterogeneous innovation
Andreas Barth, Deyan Radev	Integration Culture of Global Banks and the Transmission of Lending Shocks Journal of Banking & Finance	Financial Intermediation	Published Paper	2022
Tobias Tröger	Why MREL Won’t Help Much: Minimum Requirements for Bail-In Capital as an Insufficient Remedy for Defunct Private Sector Involvement Under the European Bank Resolution Framework Journal of Banking Regulation	Financial Intermediation	Published Paper	2019	MREL, TLAC, G-SIB, bail-in, bank resolution
Baptiste Massenot, Yuri Pettinicchi	Can Firms See into the Future? Survey Evidence from Germany Journal of Economic Behavior & Organization	Macro Finance	Published Paper	2018	Expectation formation; Expectation error; Learning; Extrapolation; Experience
Michael Donadelli, Patrick Grüning, Marcus Jüppner, Renatas Kizys	Global Temperature, R&D Expenditure, and Growth Energy Economics	Financial Markets	Published Paper	2021	Global Temperature, R&D, Welfare Costs
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior How Persistent Low Returns Will Shape Saving and Retirement (University Press Scholarship Online)	Household Finance	Published Paper	2018	dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Tobias Tröger	Regulation of Crowdfunding in Germany Legal Aspects of Crowdfunding. In: Ius Comparatum - Global Studies in Comparative Law (Springer)	Law and Finance	Published Paper	2021	crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation
Dirk Krueger, Alexander Ludwig, Sergio Villalvazo	Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk Journal of Public Economics	Macro Finance	Published Paper	2021	Idiosyncratic riskTaxation of capitalOverlapping generationsPrecautionary savingPecuniary externalities
Luca Enriques, Tobias Tröger	Germany’s Reluctance to Regulate Related Party Transactions: An Industrial Organization Perspective The Law and Finance of Related Party Transactions (Cambridge University Press)	Law and Finance	Published Paper	2019	related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law
Florian Hoffmann, Roman Inderst, Marcus Opp	Only Time will Tell: A Theory of Deferred Compensation The Review of Economic Studies	Law and Finance	Published Paper	2021	Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle
Andreas Hackethal, Steffen Meyer, Charline Uhr	Smoking Hot Portfolios? Overtrading from Self-Control Failure Journal of Empirical Finance	Household Finance	Published Paper	2021	self-control; portfolio allocation; individual investor; trading behavior
Matthias Thiemann, Tobias Tröger	Detecting Tail Risks to Preclude Regulatory Arbitrage - The Case for a Normatively Charged Approach to Regulating Shadow Banking Accounting, Economics, and Law: A Convivium	Law and Finance	Published Paper	2020	shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Ambiguity About Volatility and Investor Behavior Journal of Financial Economics	Household Finance	Published Paper	2022
Tobias Tröger	Bewertung des Vorschlags der BaFin für eine Richtlinie für nachhaltige Investmentvermögen Policy Letter No. 93	Law and Finance	Policy Paper	2021	Sustainable Finance, Regulierung, Nachhaltigkeit, Offenlegungspflichten, BaFin
Jan Krzyzanowski, Uwe Walz	Bank Regulation, Lending and Patenting: Evidence from the EBA Capital Exercise SAFE Working Paper No. 330	Financial Intermediation	SAFE Working Paper	2021	financing, bank lending, patents
Jana Eisenkopf, Steffen Juranek, Uwe Walz	Responsible Investment and Stock Market Shocks: Short-Term Insurance and Persistent Outperformance Post-Crisis? SAFE Working Paper No. 329	Financial Intermediation	SAFE Working Paper	2021	Responsible investment, ESG, stock market crisis, persistence
Benjamin Clapham, Peter Gomber, Michael Siering	Popular News Are Relevant News! How Investor Attention Affects Algorithmic Decision-Making and Decision Support in Financial Markets Information Systems Frontiers	Financial Markets	Published Paper	2021
Micha Bender, Benjamin Clapham, Peter Gomber, Jascha-Alexander Koch	To Bundle or Not to Bundle? A Review of Soft Commissions and Research Unbundling Financial Analysts Journal	Financial Markets	Published Paper	2021
Micha Bender, Tino Cestonaro, Peter Gomber, Jascha-Alexander Koch	Research Unbundling and COVID-19: Will Europe's Capital Markets Recovery Package Help? Journal of Investing	Financial Markets	Published Paper	2021
Hoang Ha Nguyen Thi, Alfons J. Weichenrieder	C and S Corporation Banks: Did Trump’s Tax Reform Lead to Differential Effects? SAFE Working Paper No. 328	Macro Finance	SAFE Working Paper	2021	Tax Cuts and Jobs Act, corporate taxation, S corporations, C corporations, banks
Otmar Issing	Central Banks – independent or almighty? Policy Letter No. 92	Macro Finance	Policy Paper	2021	Central banks
Fincap Team, Jan Pieter Krahnen, Loriana Pelizzon, Christian Westheide	Non-Standard Errors SAFE Working Paper No. 327	Financial Intermediation, Financial Markets	SAFE Working Paper	2021	non-standard errors, multi-analyst approach, liquidity
Wenhui Li, Peter Ockenfels, Christian Wilde	The Effect of Ambiguity on Price Formation and Trading Behavior in Financial Markets SAFE Working Paper No. 326	Financial Markets, Experiment Center	SAFE Working Paper	2021	ambiguity, financial market, market price, volatility, trading activity, bid- ask spread, market-based measure of ambiguity, laboratory experiment
Alperen Afşin Gözlügöl	The Clash of ‘E’ and ‘S’ of ESG: Just Transition on the Path to Net Zero and the Implications for Sustainable Corporate Governance and Finance SAFE Working Paper No. 325	Law and Finance	SAFE Working Paper	2021	climate change, sustainability, ESG, employees, workforce, net zero transition, corporate governance, institutional investors, green finance
Gyozo Gyöngyösi, Emil Verner	Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis American Economic Review	Household Finance	Published Paper	2020
Gyozo Gyöngyösi, Emil Verner	Financial Crisis, Creditor-Debtor Conflict, and Populism Journal of Finance	Household Finance	Published Paper	2022
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin Rink	The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments Review of Finance	Household Finance	Published Paper	2022	Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Monica Billio, Bertrand B. Maillet, Loriana Pelizzon	A Meta-Measure of Performance Related to Both Investors and Investments Characteristics Annals of Operations Research	Financial Markets	Published Paper	2022
Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon	Networks in Risk Spillovers: A Multivariate GARCH Perspective Econometrics and Statistics	Financial Intermediation, Systemic Risk Lab	Published Paper	2023	spatial GARCH; network; risk spillover; nancial spillover
Katja Langenbucher, Loriana Pelizzon	Short Selling – On Ethics, Politics, and Culture Zeitschrift für Bankrecht und Bankwirtschaft	Financial Markets	Published Paper	2021
Jan Pieter Krahnen, Jörg Rocholl, Marcel Thum	A primer on green finance: From wishful thinking to marginal impact White Paper No. 87	Financial Markets	Policy Paper	2021	Green Finance, Climate Change, Sustainability, Taxonomy, ESG
Massimiliano Caporin, Michele Costola	Time-Varying Granger Causality Tests for Applications in Global Crude Oil Markets: A Study on the DCC-MGARCH Hong Test SAFE Working Paper No. 324	Financial Markets	SAFE Working Paper	2021	Granger Causality, Hong test, DCC-GARCH, Oil market, COVID-19
Alexandre Corhay, Thilo Kind, Howard Kung, Gonzalo Morales	Discount Rates, Debt Maturity, and the Fiscal Theory Journal of Finance	Financial Intermediation	Published Paper	2023	Term structure of interest rates, Fiscal theory of the price level, Bond risk premia, Government debt, DSGE models, Nonlinear solution methods
Alexandre Corhay, Thilo Kind, Howard Kung, Gonzalo Morales	Discount Rates, Debt Maturity, and the Fiscal Theory SAFE Working Paper No. 323	Macro Finance	SAFE Working Paper	2021	Term structure of interest rates, Fiscal theory of the price level, Bond risk premia, Government debt, DSGE models, Nonlinear solution methods
Gianluca Anese, Marco Corazza, Michele Costola, Loriana Pelizzon	Impact of Public News Sentiment on Stock Market Index Return and Volatility SAFE Working Paper No. 322	Financial Markets	SAFE Working Paper	2021	Public financial news, Stock market, NLP, Dictionary, LSTM neural net- works, Investor sentiment, S&P 500
Dmitry Kuvshinov, Niklas Kaspar Zimmermann	The Big Bang: Stock Market Capitalization in the Long Run Journal of Financial Economics	Macro Finance	Published Paper	2022	Stock market capitalizationEquity issuanceCorporate profitsWealth-to-income ratiosLong-run trends
	Prioritäten für die Bundestagswahl 2021 im Finanzbereich Policy Letter No. 91	Financial Markets	Policy Paper	2021	Klimawandel, Green Finance, Digitalisierung, Finanzstabilität, Bankenunion, Kapitalmarktunion, Altersversorgung
Dennis Gram, Pantelis Karapanagiotis, Jan Krzyzanowski, Marius Liebald, Uwe Walz	An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data In Proceedings of the ICTeSSH 2021 conference	Financial Intermediation, Data Center	Published Paper	2021
Ignazio Angeloni, Johannes Kasinger, Chantawit Tantasith	The Geography of Banks in the United States (1990-2020) SAFE Working Paper No. 321	Financial Intermediation	SAFE Working Paper	2021
Sebastian Steuer, Tobias Tröger	The Role of Disclosure in Green Finance SAFE Working Paper No. 320	Law and Finance	SAFE Working Paper	2021
Erik Theissen, Christian Westheide	Call of Duty: Designated Market Maker Participation in Call Auctions SAFE Working Paper No. 319	Financial Markets	SAFE Working Paper	2021
Michele Costola, Matteo Iacopini, Carlo R.M.A. Santagiustina	On the “Mementum” of Meme Stocks Economics Letters	Financial Markets	Published Paper	2021	Meme stocksSocial mediaSocial tradingCointegrationRegime switching
Kevin Bauer, Michael Kosfeld, Ferdinand von Siemens	Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods SAFE Working Paper No. 318	Financial Intermediation, Experiment Center	SAFE Working Paper	2021
Volker Flögel, Christian Schlag, Claudia Zunft	Momentum-Managed Equity Factors forthcoming in Journal of Banking and Finance	Financial Markets	Published Paper	2023	factor timing, time series momentum, anomalies
Volker Flögel, Christian Schlag, Claudia Zunft	Momentum-Managed Equity Factors SAFE Working Paper No. 317	Financial Markets	SAFE Working Paper	2021	factor timing, time series momentum, anomalies
Rainer Haselmann, Tobias Tröger	What are the main differences between the practice of supervising large banks in the UK and in the euro area, and what are the main risks of regulatory divergence? White Paper No. 86	Law and Finance	Policy Paper	2021	Bank Supervision, Economic Governance, Banking Union, Brexit
Christian Mücke, Loriana Pelizzon, Vincenzo Pezone, Anjan Thakor	The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments SAFE Working Paper No. 316	Financial Markets	SAFE Working Paper	2021	Bank Bailout, TARP, Capital Purchase Program, Dividend Pay- ments, Board Appointments, Bank Recapitalization
Barbara Kaschützke, Raimond Maurer	Staatliche Sicherung und Eigenvorsorge in der Sozialen Marktwirtschaft der Bundesrepublik Deutschland Policy Letter No. 90	Household Finance	Policy Paper	2021	Soziale Marktwirtschaft, staatliche Sozialversicherung, private Vermögensbildung, demographischer Wandel
Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel	Buildings' Energy Efficiency and the Probability of Mortgage Default: The Dutch Case Journal of Real Estate Finance and Economics	Financial Markets, Systemic Risk Lab	Published Paper	2022	Mortgages, Energy Eciency, Credit Risk
Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon	Inside the ESG Ratings: (Dis)agreement and Performance Corporate Social Responsibility and Environmental Management, Special Issue on Environmental, Social, Governance: Implications for Businesses and Effects for Stakeholders	Financial Markets	Published Paper	2021
Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova	Recovery from Fast Crashes: Role of Mutual Funds Journal of Financial Markets	Financial Markets, Systemic Risk Lab, Data Center	Published Paper	2022	Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital
Farshid Abdi, Mila Getmansky Sherman, Emily Kormanyos, Loriana Pelizzon, Zorka Simon	The President Reacts to News Channel of Government Communication SAFE Working Paper No. 314	Financial Markets	SAFE Working Paper	2021	Market efficiency, Social media, Twitter, High-frequency event study, Machine learning, ETFs.
Thomas Huertas	Reset required: The euro area crisis management and deposit insurance framework White Paper No. 85	Financial Intermediation	Policy Paper	2021	Deposit Insurance, Crisis Management, BRRD, Resolution
Mahendrarajah Nimalendran, Khaladdin Rzayev, Satchit Sagade	High-Frequency Trading (HFT) in the Stock Market and the Costs of Option Market Making	Financial Markets	Other Publications	2021
Kevin Bauer, Andrej Gill	Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies SAFE Working Paper No. 313	Financial Intermediation, Experiment Center	SAFE Working Paper	2021	Algorithmic transparency, algorithmic decision support, human–machine interaction
Johannes Kasinger, Lukas Nöh, Alfons J. Weichenrieder	Zinsänderungsrisiken und langfristige Zinsbindung vor dem Hintergrund der hessischen Zinsswaps Perspektiven der Wirtschaftspolitik	Macro Finance	Published Paper	2019
Kunka Petkova, Alfons J. Weichenrieder	The Relevance of Depreciation Allowances as a Fiscal Policy Instrument: A Hybrid Approach to CCCTB? Empirica	Macro Finance	Published Paper	2020
Elsa Massoc	Fifty Shades of Hatred and Discontent - Varieties of Anti-finance Discourses on the European Twitter (France, Germany, Italy, Spain and the UK) SAFE Working Paper No. 338	Law and Finance	SAFE Working Paper	2022	finance, opinion, social media, discourse analysis
Theresa Kreft	Bankenstrukturreformen in Deutschland und dem Vereinigten Königreich Schriften zum Unternehmens- und Kapitalmarktrecht 68 (Mohr Siebeck)	Law and Finance	Published Paper	2019
Kevin Bauer, Oliver Hinz, Christof Weinhardt, Wil van der Aalst	Expl(AI)n It to Me – Explainable AI and Information Systems Research Business & Information Systems Engineering	Financial Intermediation, Experiment Center	Published Paper	2021
Can Gao, Ian Martin	Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment Journal of Finance	Financial Markets	Published Paper	2021	bubbles, Option prices, sentiment, valuation ratios, volatility
Can Gao, Ian Martin	Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment SAFE Working Paper No. 312	Financial Markets	SAFE Working Paper	2021	bubbles, Option prices, sentiment, valuation ratios, volatility
Patrick Blank, Ann-Katrin Kaufhold, Jan Pieter Krahnen, Katja Langenbucher	BaFin (in)dependence – A reform proposal White Paper No. 82	Law and Finance, Financial Markets	Policy Paper	2021	Capital markets, supervision, Wirecard
Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal	Consuming Dividends Review of Financial Studies	Household Finance	Published Paper	2022	Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Andreas Nölke	Capitalist Diversity in Europe The Routledge Handbook of Critical European Studies (Routledge Taylor & Francis Group)	Macro Finance	Published Paper	2021
Vincent R. Lindner	Conflict or Cooperation? Explaining the European Commission’s and Social Partners’ Preferences for Low-Level Social Dialogue The Role of Social Partners in Managing Europe’s Great Recession Crisis Corporatism or Corporatism in Crisis? (Routledge Taylor & Francis Group)	Macro Finance	Published Paper	2021
Kardelen Günaydin, Daniel Mertens	Politisiertes Sparen und die Europäische Zentralbank. Zur Politischen Ökonomie der Geldpolitischen Debatte in Deutschland	Macro Finance	Published Paper	2020
Kevin Bauer, Oliver Hinz, Moritz von Zahn	Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing SAFE Working Paper No. 315	Financial Intermediation, Experiment Center	SAFE Working Paper	2021	XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency
Elsa Massoc	When Do Banks Do What Governments Tell Them to Do? A Comparative Study of Greek Bonds’ Management in France and Germany at the Onset of the Euro-Crisis' New Political Economy	Financial Intermediation	Published Paper	2020
Johannes Kasinger, Jan Pieter Krahnen, Steven Ongena, Loriana Pelizzon, Maik Schmeling, Mark Wahrenburg	Non-performing Loans - New risks and policies? White Paper No. 84	Financial Markets	Policy Paper	2021	Covid-19, Non-performing Loans, Bank Resolution, Secondary Loan Markets, BRRD
Rainer Haselmann, Tobias Tröger	When and how to unwind COVID-support measures to the banking system? White Paper No. 83	Law and Finance	Policy Paper	2021	Covid-19, Forbearance, Bank Capitalization, Bank Resolution, Supervisory Relief Measures, Financial Stability
Loriana Pelizzon, Aleksandra Rzeźnik, Kathleen Weiss Hanley	Investor Reliance on ESG Ratings and Stock Price Performance SAFE Working Paper No. 310	Financial Markets	SAFE Working Paper	2021	Corporate Social Responsibility, ESG Rating Agencies, Sustainable Invest- ments, Socially responsible investing, ESG, Portfolio choice
Tim Alexander Kroencke, Maik Schmeling, Andreas Schrimpf	The FOMC Risk Shift Journal of Monetary Economics	Financial Markets	Published Paper	2021
Christoph Hambel, Holger Kraft, Eduardo S. Schwartz	Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change European Economic Review	Macro Finance, Systemic Risk Lab	Published Paper	2020
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, Christine Laudenbach	Gender Differences in Financial Advice SAFE Working Paper No. 309	Household Finance	SAFE Working Paper	2021	credence goods, financial aptitude, consumer protection, financial literacy, discrimination
Thomas Pauls	The Impact of Temporal Framing on the Marginal Propensity to Consume SAFE Working Paper No. 308	Household Finance	SAFE Working Paper	2021
Samuel Rönnqvist, Satchit Sagade, Katia Vozian, Pontus Wistbacka	Predicting Stock Price and Spread Movements from News Proceedings of the 54th Hawaii International Conference on System Sciences, p. 1593	Financial Markets, Systemic Risk Lab, Data Center	Other Publications	2021
Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit Zafar	Biases in Information Selection and Processing: Survey Evidence from the Pandemic SAFE Working Paper No. 307	Law and Finance	SAFE Working Paper	2021	Belief updating, confirmatory biases, endogenous informa- tion acquisition, media polarization, source dependence, COVID-19
Aljoscha Janssen, Johannes Kasinger	Obfuscation and Rational Inattention in Digitalized Markets SAFE Working Paper No. 306	Financial Intermediation, Financial Markets	SAFE Working Paper	2021	Rational Inattention, Obfuscation, Price Competition, Digitalized Markets
Kevin Bauer, Oliver Hinz, Patrick Weber	KI in der Finanzbranche: Im Spannungsfeld zwischen technologischer Innovation und regulatorischer Anforderung White Paper No. 80	Financial Intermediation	Policy Paper	2021	Künstliche Intelligenz, Regulatorik, Finanzbranche, eXplainable Artificial Intelligence, Machine Learning
Sabine Bernard, Benjamin Loos, Martin Weber	The Disposition Effect in Boom and Bust Markets SAFE Working Paper No. 305	Household Finance	SAFE Working Paper	2021	Disposition Effect, Financial Market Cycles, Household Finance, Retail Investor
Monica Billio, Mila Getmansky Sherman, Andrew Lo, Loriana Pelizzon, Abalfazl Zareei	Global Realignment in Financial Market Dynamics SAFE Working Paper No. 304	Financial Markets	SAFE Working Paper	2021	Network theory; Centrality; High Frequency Data; ETFs; Financial Crises; Covid-19; International Finance
Andreas Hackethal, Ankit Kalda, Benjamin Loos, Alessandro Previtero	Smart (Phone) Investing? A Within Investor-Time Analysis of New Technologies and Trading Behavior SAFE Working Paper No. 303	Household Finance	SAFE Working Paper	2021	fintech, investor behavior, financial risk-taking, lottery-type assets, investment biases, trend chasing, spillover effects
Stephanie Collet, Caroline Fohlin	From Liberalism to Fascism and Back Again: Law, Politics and the Evolution of Corporate Governance in Germany (1850-1950) The Emergence of Corporate Governance - People, Power and Performance (Routledge Taylor & Francis Group)	Law and Finance, Data Center	Published Paper	2021
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Risk Taking, Preferences, and Beliefs: Evidence from Wuhan SAFE Working Paper No. 301	Household Finance	SAFE Working Paper	2020
Dennis Gram, Pantelis Karapanagiotis, Jan Krzyzanowski, Marius Liebald, Uwe Walz	An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data SAFE Working Paper No. 300	Financial Intermediation, Data Center	SAFE Working Paper	2021
Ferdinand von Siemens	Motivated Beliefs and the Elderly’s Compliance with COVID-19 Measures SAFE Working Paper No. 299	Law and Finance, Experiment Center	SAFE Working Paper	2021	motivated beliefs; compliance behavior; age; health; COVID-19
Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam	Corona and banking - A financial crisis in slow motion? An evaluation of the policy options White Paper No. 79	Financial Markets	Policy Paper	2021	Bank Capitalization, Financial Crisis, Covid-19, Non-performing Loans, Asset Management Companies, Forbearance
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing Journal of Financial and Quantitative Analysis	Household Finance	Published Paper	2022	Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Thomas Mosk	Captured by financial institutions? New academic insights for European policymakers White Paper No. 77	Financial Markets	Policy Paper	2020	Regulatory Capture, Lobbying, Transparency, Quid-pro-quo Mechanism
Sandra Eckert, Vincent R. Lindner, Andreas Nölke	EMU reform proposals and their (non) implementation: An overview White Paper No. 78	Macro Finance	Policy Paper	2020	Economic and Monetary Union; Banking Union; Capital Markets Union; Financial Integration; Economic Governance; Fiscal Solidarity; Eurozone; Policy Analysis
Emanuel Moench, Loriana Pelizzon, Michael Schneider, Calebe de Roure	OTC Discount SAFE Working Paper No. 298	Financial Markets, Systemic Risk Lab, Data Center	SAFE Working Paper	2020	Market Microstructure, Hybrid Markets, Venue Choice, Interdealer Brokerage, Fixed-Income, OTC Markets, Search Frictions, Information Frictions
Andreas Hackethal, Annika Weber	Fiscal Policies and Household Consumption during the COVID-19 Pandemic: A Review of Early Evidence White Paper No. 76	Household Finance	Policy Paper	2020	Household Consumption, Fiscal Policies, Covid-19, Fiscal Stimulus Program
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Ambiguity and Investor Behavior SAFE Working Paper No. 297	Household Finance	SAFE Working Paper	2020	ambiguity, uncertainty, individual investor, trading behavior
Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo Wix	Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital? SAFE Working Paper No. 296	Financial Intermediation	SAFE Working Paper	2020
Andreas Hackethal, Raimond Maurer	Beitragsgarantien in der kapitalgedeckten Altersversorgung: Ein Reformvorschlag in Zeiten des Niedrigzinsniveaus White Paper No. 75	Household Finance	Policy Paper	2020	Private Altersvorsorge, Beitragsgarantien, Riester-Rente, Niedrigzinsen
Besart Avdiu, Alfons J. Weichenrieder	Financing Costs and the Efficiency of Public-Private Partnerships SAFE Working Paper No. 295	Macro Finance	SAFE Working Paper	2020	Public-Private Partnerships, Infrastructure, Financing Costs, Default.
Eren Gürer, Alfons J. Weichenrieder	Inflation, Inflationsmessung und Zentralbankpolitik Policy Letter No. 89	Macro Finance	Policy Paper	2020	Inflation, Zentralbankpolitik, Inflationsmessung, Geldpolitik, EZB
Jan Pieter Krahnen, Katja Langenbucher, Christian Leuz, Loriana Pelizzon	What are the wider supervisory implications of the Wirecard case? White Paper No. 74	Financial Markets	Policy Paper	2020	Wirecard, Supervisory Achitecture, Auditing, Internal Controls, Market Oversight , Investor Protection, Market Integrity
Thomas Huertas	Plug the gap: Make resolution ready for corona White Paper No. 73	Law and Finance	Policy Paper	2020	Resolution, Covid-19, Banking Crisis
Christian Alemán-Pericón, Christopher Busch, Alexander Ludwig, Raül Santaeulàlia-Llopis	Evaluating the Effectiveness of Policies Against a Pandemic SAFE Working Paper No. 294	Macro Finance	SAFE Working Paper	2020	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3714697
Andrea Modena	Recapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking SAFE Working Paper No. 292	Financial Markets	SAFE Working Paper	2020	Banks, bailout, general equilibrium, financial frictions, recapitalization, welfare.
Loriana Pelizzon, Satchit Sagade, Katia Vozian	Resiliency: Cross-Venue Dynamics with Hawkes Processes SAFE Working Paper No. 291	Financial Markets	SAFE Working Paper	2020	liquidity, resiliency, fragmentation, competition, high-frequency data, Hawkes processes
Nicole Branger, Patrick Konermann, Christoph Meinerding, Christian Schlag	Equilibrium Asset Pricing in Directed Networks Review of Finance	Financial Markets, Systemic Risk Lab	Published Paper	2021	Dynamic Networks, Mutually Exciting Processes, Asset Pricing, General Equilibrium, Recursive Preferences
Christian Schlag, Michael Semenischev, Julian Thimme	Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models Management Science	Financial Markets	Published Paper	2021	Asset pricing, cross-section of stock returns, predictability
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig, Irina Popova	The Long-Term Distributional and Welfare Effects of Covid-19 School Closures SAFE Working Paper No. 290	Macro Finance	SAFE Working Paper	2020	Covid-19, school closures, inequality, intergenerational persistence
Christian Schlag, Michael Semenischev, Julian Thimme	Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models SAFE Working Paper No. 289	Financial Markets	SAFE Working Paper	2020	Asset pricing, cross-section of stock returns, predictability
Michele Costola, Oliver Hinz, Michael Nofer, Loriana Pelizzon	Machine Learning Sentiment Analysis, COVID-19 News and Stock Market Reactions SAFE Working Paper No. 288	Financial Markets	SAFE Working Paper	2020	COVID-19 news, Sentiment Analysis, Stock Markets
Monica Billio, Mila Getmansky Sherman, Loriana Pelizzon	Non-Parametric Analysis of Hedge Fund Returns: New Insights from High Frequency Data Journal of Alternative Investments	Financial Markets	Published Paper	2009	Hedge Funds, Risk Management, High frequency data
Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Kosfeld, Nicolas Winfried Pfeuffer	The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence SAFE Working Paper No. 287	Financial Intermediation, Experiment Center	SAFE Working Paper	2020	Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning
Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber	On the Role of Monetary Incentives in Risk Preference Elicitation Experiments SAFE Working Paper No. 286	Household Finance	SAFE Working Paper	2020	Risk Preferences, Incentives, Experimental Economics, Risk Aversion
Wenhui Li, Christian Wilde	Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity SAFE Working Paper No. 311	Financial Markets, Experiment Center	SAFE Working Paper	2021	ambiguity, belief estimation, belief effect, ambiguity premium, laboratory experiments
Matthias Thiemann, Mario Tümmler	Beyond Moral Hazard Arguments: The Role of National Deposit Insurance Schemes for Member States’ Preferences on EDIS White Paper No. 72	Financial Intermediation	Policy Paper	2020	Banking Union, Deposit Insurance, EDIS
Elena Carletti, Tommaso Oliviero, Marco Pagano, Loriana Pelizzon, Marti Subrahmanyam	The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy The Review of Corporate Finance Studies	Financial Markets	Published Paper	2020	COVID-19, pandemics, losses, distress, equity, recapitalization.
Elena Carletti, Tommaso Oliviero, Marco Pagano, Loriana Pelizzon, Marti Subrahmanyam	The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy SAFE Working Paper No. 285	Financial Markets	SAFE Working Paper	2020	COVID-19, pandemics, losses, distress, equity, recapitalization.
Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon	Inside the ESG Ratings: (Dis)agreement and Performance SAFE Working Paper No. 284	Financial Markets	SAFE Working Paper	2020
Philipp Lamprecht, Alfons J. Weichenrieder	Der Verlustrücktrag als Mittel der Konjunkturpolitik – Ausweitung des Verlustrücktrags auch auf die Gewerbesteuer erforderlich White Paper No. 71	Law and Finance	Policy Paper	2020	Verlustrücktrag, Corona-Steuerhilfegesetz, Gewerbesteuer, Konjunkturpolitik
Vanessa Endrejat, Matthias Thiemann	When Brussels meets shadow banking- technical complexity, regulatory agency and the reconstruction of the shadow banking chain Competition & Change	Financial Intermediation, Systemic Risk Lab	Published Paper	2020
Jan Pieter Krahnen, Katja Langenbucher	The Wirecard lessons: A reform proposal for the supervision of securities markets in Europe Policy Letter No. 88	Financial Markets	Policy Paper	2020	Wirecard, securities markets, market supervision
Moritz Schularick, Sascha Steffen, Tobias Tröger	Bank capital and the European recovery from the COVID-19 crisis White Paper No. 69	Law and Finance, Macro Finance	Policy Paper	2020	bank capital, financial stablity, COVID-19
Daniel Munevar, Grygoriy Pustovit	Back to the Future: A Sovereign Debt Standstill Mechanism IMF Article VIII, Section 2 (b) SAFE Working Paper No. 282	Macro Finance	SAFE Working Paper	2020	sovereign debt standstill, sovereign debt restructuring, sovereign debt litigation, holdout litigation, vulture creditors
Kevin Bauer	How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities SAFE Working Paper No. 281	Financial Intermediation	SAFE Working Paper	2020	social identity, relative performance feedback, discrimination, outgroup derogation
Calogero Brancatelli, Andreas Hackethal, Roman Inderst, Sebastian Schuler	Erkenntnisse aus sechs Wellen des Haushaltsbarometers: Sind "Konsumschecks" das richtige Mittel in der Corona-Krise? Policy Letter No. 87	Household Finance	Policy Paper	2020	Helicoptergeld, Haushaltskrisenbarometer, Mehrwertsteuersenkung, Kinderbonus
Tobin Hanspal, Annika Weber, Johannes Wohlfart	Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations SAFE Working Paper No. 279	Household Finance	SAFE Working Paper	2020	Coronavirus, Stockholding, Wealth shocks, Expectation formation, Inequality.
Helmut Gründl, Fabian Regele	Pandemic Insurance through Pandemic Partnership Bonds: A Fully Funded Insurance Solution in a Public Private Partnership Policy Letter No. 86	Financial Markets	Policy Paper	2020	Covid-19-Crisis, catastrophe bond, public private partnership, pandemic insurance
Otmar Issing	Encompassing monetary policy strategy review White Paper No. 68	Macro Finance	Policy Paper	2020	monetary policy, ECB, price stability, two-pillar system, strategy review
Sandra Eckert	EU Agencies in Banking and Energy Between Institutional and Policy Centralisation SAFE Working Paper No. 278	Financial Intermediation	SAFE Working Paper	2020	agency, banking, centralisation, energy, fiduciary, electricity, policy
Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin Rink	The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments SAFE Working Paper No. 277	Household Finance	SAFE Working Paper	2020	Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior
Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr	Google Search Volume and Individual Investor Trading Journal of Financial Markets	Household Finance	Published Paper	2020	Individual investorTrading behaviorInvestor sentiment
Massimiliano Caporin, Loriana Pelizzon, Alberto Plazzi	Does Monetary Policy Impact Sovereign Credit Risk Comovement? SAFE Working Paper No. 276	Financial Markets, Macro Finance	SAFE Working Paper	2020
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities Journal of Banking and Finance	Household Finance	Published Paper	2020	Life cycle savingHousehold financeAnnuityLongevity risk401(k) planRetirement
Gbenga Ibikunle, Khaladdin Rzayev	COVID-19: Venue Selection Effects and Implications for Market Quality	Financial Markets, Systemic Risk Lab	Other Publications	2020
Jan Pieter Krahnen, Loriana Pelizzon	Priorities for the CMU agenda Policy Letter No. 85	Financial Markets	Policy Paper	2020	CMU, High-Level-Forum, Interim Report
Loriana Pelizzon, Max Riedel, Zorka Simon, Marti Subrahmanyam	Collateral Eligibility of Corporate Debt in the Eurosystem SAFE Working Paper No. 275	Financial Markets, Macro Finance, Systemic Risk Lab	SAFE Working Paper	2020
Elsa Massoc	Politics of Banking in Europe: Global Banks and Domestic Institutional Legacies E-International Relations	Financial Intermediation	Published Paper	2020
Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam	Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund Policy Letter No. 84	Financial Markets	Policy Paper	2020	Coronavirus, Risk sharing, Financial stability, Policy measures in the EU, Equity fund
Marcel Thum, Alfons J. Weichenrieder	Corona-Bonds und ihre Alternativen Policy Letter No. 83	Macro Finance	Policy Paper	2020	Corona Bonds, Corona-Krise, Transferzahlungen
Matej Avbelj, Antonia Baraggia, Jürgen Bast, Bojan Bugarič, Emanuel Castellarin, Francesco Costamagna, Anuscheh Faraha, Matthias Goldmann, Anna-Katharina Mangold, Mario Savino, Alexander Thiele, Annamaria Viterbo	The Case for Corona Bonds Policy Letter No. 82	Law and Finance	Policy Paper	2020	Corona Bonds, Coronavirus
Christopher Busch, Alexander Ludwig, Raül Santaeulàlia-Llopis	Emerging Evidence of a Silver Lining: A Ridge Walk to Avoid an Economic Catastrophe in Italy and Spain White Paper No. 67	Macro Finance	Policy Paper	2020	Coronavirus, pandemic economics, lockdown costs
Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam	Corona and Financial Stability 3.0: Try equity -risk sharing for companies, large and small Policy Letter No. 81	Financial Markets	Policy Paper	2020	Coronavirus, Financial stability, Risk sharing, Policy measures in the EU
Di Bu, Tobin Hanspal, Yin Liao, Yong Liu	Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing SAFE Working Paper No. 273	Household Finance	SAFE Working Paper	2020	Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China
Leo Kaas	Capital in the Corona Crisis Policy Letter No. 80	Macro Finance	Policy Paper	2020	corona crisis, capital liquidations, emergency loans
Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart	The Trading Response of Individual Investors to Local Bankruptcies SAFE Working Paper No. 272	Household Finance	SAFE Working Paper	2020	Individual investors, risk-taking, trading, experiences
Pietro Dindo, Andrea Modena, Loriana Pelizzon	Risk Pooling, Intermediation Efficiency, and the Business Cycle SAFE Working Paper No. 271	Financial Markets, Macro Finance	SAFE Working Paper	2020	Amplification, business cycle, efficiency, dampening, restricted market participation, risk pooling
Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam	Corona and Financial Stability 2.0: Act jointly now, but also think about tomorrow Policy Letter No. 79	Financial Markets	Policy Paper	2020	coronavirus, financial stability, systemic risk, strategies
Klaus Adam, Thiess Büttner, Joachim Hennrichs, Jan Pieter Krahnen, Jörg Rocholl	Zur Reform der Einlagensicherung: Elemente einer anreizkompatiblen Europäischen Rückversicherung White Paper No. 66	Financial Markets	Policy Paper	2020	Einlagensicherung, EDIS, Bankenunion
Arnoud Boot, Elena Carletti, Rainer Haselmann, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Stephen Schaefer, Marti Subrahmanyam	The Coronavirus and Financial Stability Policy Letter No. 78	Financial Markets	Policy Paper	2020	coronavirus, financial stability, banking, strategies
Marie Lalanne, Lorenzo Maria Levati	The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions SAFE Working Paper No. 268	Financial Intermediation	SAFE Working Paper	2020	Referrals, Job Match Quality, Social Networks, Board of Directors
Ester Faia, Maximilian Mayer, Vincenzo Pezone	The Value of Firm Networks: A Natural Experiment on Board Connections SAFE Working Paper No. 269	Law and Finance	SAFE Working Paper	2020
Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi	Time Preferences over the Life Cycle SAFE Working Paper No. 267	Household Finance	SAFE Working Paper	2020	Time Preferences; Preference Stability; Age; Discount Rates
Aleksey Kolokolov, Giulia Livieri, Davide Pirino	Statistical Inferences for Price Staleness Journal of Econometrics	Financial Markets	Published Paper	2020	staleness, idle time, liquidity, zero returns, stable convergence
Christian Schlag, Julian Thimme, Rüdiger Weber	Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution Journal of Financial Economics	Financial Markets	Published Paper	2021	Preference for early resolution of uncertainty, implied volatility, cross-section of expected stock returns, asset pricing
Hengjie Ai, Jun E. Li, Kai Li, Christian Schlag	The Collateralizability Premium Review of Financial Studies	Financial Markets	Published Paper	2020
Benjamin Bluhm, Jannic Cutura	Econometrics at Scale: Spark Up Big Data in Economics SAFE Working Paper No. 266	Financial Intermediation	SAFE Working Paper	2020	Econometrics, Distributed Computing, Apache Spark
Raimond Maurer, Olivia S. Mitchell	Older Peoples' Willingness to Delay Social Security Claiming Journal of Pension Economics and Finance	Household Finance	Published Paper	2020	Annuity; labor supply; lump sum; retirement age; social security
Christian Schlag, Julian Thimme, Rüdiger Weber	Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution SAFE Working Paper No. 265	Financial Markets	SAFE Working Paper	2020	Preference for early resolution of uncertainty, implied volatility, cross-section of expected stock returns, asset pricing
Ignazio Angeloni	Time to address the shortcomings of the banking union Policy Letter No. 77	Macro Finance, Policy Center	Policy Paper	2020	ECB, Banking Union, Cross-border Banking, Banking Supervision, Banking Resolution
Tatiana Farina, Jan Pieter Krahnen, Loriana Pelizzon, Mark Wahrenburg	What are the main factors for the subdued profitability of significant banks in the Banking Union, and is the ECB’s supervisory response conclusive and exhaustive? White Paper No. 65	Financial Markets	Policy Paper	2019	Bank Profitability, Supervisory Guidance, Banking Union, Financial regulation
Panagiotis Anagnostidis, Patrice Fontaine	Liquidity Commonality and High Frequency Trading: Evidence from the French Stock Market International Review of Financial Analysis	Systemic Risk Lab	Other Publications	2020
Jan Friedrich	The Effect of Academic Literature on Accounting Regulation: Evidence from Leases in Germany Accounting History Review	Financial Intermediation	Published Paper	2019
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How will Persistent Low Expected Returns Shape Household Economic Behavior? Journal of Pension Economics & Finance	Household Finance	Published Paper	2019
Hengjie Ai, Jun E. Li, Kai Li, Christian Schlag	The Collateralizability Premium SAFE Working Paper No. 264	Financial Markets	SAFE Working Paper	2019
Andrea Bedin, Monica Billio, Michele Costola, Loriana Pelizzon	Credit Scoring in SME Asset-Backed Securities: An Italian Case Study SAFE Working Paper No. 262	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2019	credit scoring; probability of default; small and medium enterprises; assetbacked securities
Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel	Buildings' Energy Efficiency and the Probability of Mortgage Default: The Dutch Case SAFE Working Paper No. 261	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2019	Mortgages, Energy Eciency, Credit Risk
Andrea Bedin, Monica Billio, Michele Costola, Loriana Pelizzon	Credit Scoring in SME Asset-Backed Securities: An Italian Case Study Journal of Risk and Financial Management	Systemic Risk Lab	Published Paper	2019	credit scoring; probability of default; small and medium enterprises; asset-backed securities
Matthias Thiemann, Tobias Tröger	The Case for a Normatively Charged Approach to Regulating Shadow Banking - Multipolar Regulatory Dialogues as a Means to Detect Tail Risks and Preclude Regulatory Arbitrage SAFE Working Paper No. 260	Financial Intermediation	SAFE Working Paper	2019	shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation
Maik Schmeling	What is Libra? Understanding Facebook´s Currency Policy Letter No. 76	Financial Markets	Policy Paper	2019	Libra, cryptocurrency, currency board
Stine Louise Daetz, Marti Subrahmanyam, Dragon Yongjun Tang, Sarah Qian Wang	Can Central Banks Boost Corporate Investment? Evidence from the ECB Liquidity Injections	Financial Markets, Macro Finance	Other Publications	2019
Thomas Huertas	Completing Banking Union White Paper No. 63	Financial Intermediation	Policy Paper	2019	Banking Union, EDIS, EDIC
Anderson Grajales-Olarte, Burak Uras, Nathanael Vellekoop	Rigid Wages and Contracts: Time- versus State-Dependent Wages in the Netherlands SAFE Working Paper No. 258	Macro Finance	SAFE Working Paper	2019	Wage rigidity, microdata, time dependency, state dependency, flexible-hour contracts
Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré	Pricing Sin Stocks: Ethical Preference vs. Risk Aversion European Economic Review	Financial Markets	Published Paper	2019
Jannis Bischof, Christian Laux, Christian Leuz	Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis Journal of Financial Economics	Financial Intermediation	Published Paper	2022	Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting
Matthias Goldmann	Foreign Investment, Sovereign Debt, and Human Rights Sovereign Debt and Human Rights (Oxford University Press)	Financial Intermediation	Published Paper	2018	Foreign direct investment, regulatory power, expropriation, socio-economic rights, linkages
Burkard Eberlein, Sandra Eckert	Private Authority in Tackling Cross-border Issues. The Hidden Path of Integrating European Energy Markets Journal of European Integration	Financial Intermediation	Published Paper	2020
Sandra Eckert	Supranational Authorities and Private Actors as Drivers of Single Market Integration? The State of the Union in Electricity and Banking Journal of European Integration	Financial Intermediation	Published Paper	2022
Erik Theissen, Christian Westheide	Call of Duty: Designated Market Maker Participation in Call Auctions Journal of Financial Markets	Financial Markets	Published Paper	2020
Christian Schlag, Kailin Zeng	Horizontal Industry Relationships and Return Predictability Journal of Empirical Finance	Financial Markets	Published Paper	2019	Connected industries, information flow, return predictability
Darien Huang, Christian Schlag, Ivan Shaliastovich, Julian Thimme	Volatility-of-Volatility Risk Journal of Financial and Quantitative Analysis	Financial Markets	Published Paper	2019
Nicole Branger, Patrick Konermann, Christian Schlag	Optimists and Pessimists in (In)Complete Markets Journal of Financial and Quantitative Analysis	Financial Markets	Published Paper	2020
Marie Lalanne	Network-based Appointments and Board Diversity Economica	Law and Finance	Published Paper	2023
Ludger Schuknecht	Fiscal-Financial Vulnerabilities White Paper No. 62	Macro Finance	Policy Paper	2019	fiscal financial vulnerabilities, fiscal variables, public finance
Christian Schlag, Kailin Zeng	Horizontal Industry Relationships and Return Predictability SAFE Working Paper No. 256	Financial Markets	SAFE Working Paper	2019	Connected industries, information flow, return predictability
Reinhard H. Schmidt	Deutsche Bank and its Strategy Change: What it Means for the German Financial System Policy Letter No. 75	Financial Intermediation	Policy Paper	2019	German financial system, corporate governance, German banks
Katja Langenbucher	Interdisziplinäre Forschung im Unternehmensrecht – Auf dem Weg zu einer Cognitive Corporate Governance? Zeitschrift für Unternehmens- und Gesellschaftsrecht	Law and Finance	Published Paper	2019
Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren	Spillovers of Funding Dry-ups SAFE Working Paper No. 259	Financial Intermediation	SAFE Working Paper	2019
Bertram Schefold	Der Neo-Fisher-Effekt: Die historische Alternative zur Nullzinspolitik Policy Letter No. 74	Macro Finance	Policy Paper	2019	Inflation, Geldpolitik, Europäische Zentralbank, Zinsen
Tina Koziol	Fire-Sale Externalities in the South African Banking Sector	Financial Markets	Other Publications	2019
Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal	Consuming Dividends SAFE Working Paper No. 280	Household Finance	SAFE Working Paper	2020	Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor
Martin Götz	Financing Conditions and Toxic Emissions SAFE Working Paper No. 254	Law and Finance	SAFE Working Paper	2019
Reinhard H. Schmidt	On the Change of the German Financial System White Paper No. 61	Financial Intermediation	Policy Paper	2019	German financial system, corporate governance, German banks
Reinhard H. Schmidt	Diversity in Finance: An Overview White Paper No. 60	Financial Intermediation	Policy Paper	2019	diversity, finance, banking systems, financial systems
Thomas Johann, Talis Putnins, Satchit Sagade, Christian Westheide	Quasi-Dark Trading: The Effects of Banning Dark Pools in a World of Many Alternatives SAFE Working Paper No. 253	Financial Markets	SAFE Working Paper	2019
Silvia Dalla Fontana, Marco Holz auf der Heide, Loriana Pelizzon, Martin Scheicher	The Anatomy of the Euro Area Interest Rate Swap Market SAFE Working Paper No. 255	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2019	OTC derivatives, network analysis, interest rate risk, banking, risk management, hedging
Wenhui Li, Christian Wilde	Belief Formation and Belief Updating under Ambiguity: Evidence from Experiments SAFE Working Paper No. 251	Financial Markets, Experiment Center	SAFE Working Paper	2019	ambiguity, learning strategy, belief updates, non-Bayesian updates, pessimism, laboratory experiments
Volker Brühl, Jan Pieter Krahnen	An open banking platform for Germany - a future-oriented alternative to a merger of Deutsche Bank / Commerzbank Policy Letter No. 73	Financial Intermediation	Policy Paper	2019	Open Banking Platform Germany, Banking Union, Merger, Deutsche Bank, Commerzbank
Nicole Branger, Patrick Konermann, Christian Schlag	Optimists and Pessimists in (In)Complete Markets SAFE Working Paper No. 252	Financial Markets	SAFE Working Paper	2019
Puriya Abbassi, Michael Schmidt	Financial Stability Effect of Yield-Oriented Investment Behaviour	Financial Markets, Macro Finance	Other Publications	2019	Portfolio allocation, fixed income, yield reversals, financial stress, financial stability
Tobias Tröger, Uwe Walz	Does Say on Pay Matter? Evidence from Germany European Company and Financial Law Review	Law and Finance, Transparency Lab	Published Paper	2019	Say-on-pay, corporate governance, management compensation
Sascha Baghestanian, Paul Gortner, Joël van der Weele	Peer Effects and Risk Sharing in Experimental Asset Markets European Economic Review	Household Finance, Financial Markets, Experiment Center	Published Paper	2019	peer effects, laboratory experiments, risk taking, asset markets
Yuri Pettinicchi, Nathanael Vellekoop	Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data SAFE Working Paper No. 249	Household Finance	SAFE Working Paper	2019	Subjective expectations; Durable consumption; Household saving
Panagiotis Anagnostidis, Patrice Fontaine, Christos Varsakelis	Are High-Frequency Traders Informed? Economic Modelling	Systemic Risk Lab	Other Publications	2020
Panagiotis Anagnostidis, Patrice Fontaine	Liquidity Provision, Commonality and High Frequency Trading	Systemic Risk Lab	Other Publications	2018
Margherita Borella, Mariacristina De Nardi, Fang Yang	The Lost Ones: The Opportunities and Outcomes of Non-College-Educated Americans born in the 1960s	Macro Finance	Other Publications	2019
Martin Götz, Tobias Tröger, Mark Wahrenburg	The Next SSM Term: Supervisory Challenges Ahead White Paper No. 59	Financial Intermediation	Policy Paper	2019	SSM, Banking Union, ECB supervision
Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Jun Uno, Darya Yuferova	Market Liquidity and Competition Among Designated Market Makers SAFE Working Paper No. 247	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2019	esignated Market Makers (DMMs), Liquidity Provision
Rainer Haselmann, Jan Pieter Krahnen, Mark Wahrenburg	Evaluierung gesamt- und finanzwirtschaftlicher Effekte der Reformen europäischer Finanzmarktregulierung im deutschen Finanzsektor seit der Finanzkrise Policy Report No.2	Financial Intermediation	Policy Paper	2019	Regulierung, Banken, Kreditinstitute
Volker Brühl, Jan Pieter Krahnen	Eine Open Banking Plattform für Deutschland – eine zukunftsorientierte Alternative zu einer Fusion Deutsche Bank/Commerzbank Policy Letter No. 72	Financial Intermediation	Policy Paper	2019	Open Banking Platform Germany, Bankenunion, Fusion, Deutsche Bank, Commerzbank
Andreas Hackethal, Steffen Meyer, Charline Uhr	Smoking Hot Portfolios? Overtrading from Self-Control Failure SAFE Working Paper No. 245	Household Finance	SAFE Working Paper	2019	self-control; portfolio allocation; individual investor; trading behavior
Tim Eisert, Christian Eufinger	Interbank Networks and Backdoor Bailouts: Benefiting from Other Banks’ Government Guarantees Management Science	Law and Finance, Systemic Risk Lab	Published Paper	2019	bailout, cycle flows, cyclical liabilities, interbank network, leverage
Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova	Recovery from Fast Crashes: Role of Mutual Funds	Financial Markets, Systemic Risk Lab, Data Center	Other Publications	2018	Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital
Mauro Bernardi, Michele Costola	High-Dimensional Sparse Financial Networks through a Regularised Regression Model SAFE Working Paper No. 244	Systemic Risk Lab	SAFE Working Paper	2019	VAR estimation, Financial Networks, Bayesian inference, Sparsity, Spike-and-Slab prior, Stochastic Search Variable Selection, Expectation-Maximisation
Nicole Branger, Christian Schlag, Ivan Shaliastovich, Dongho Song	Macroeconomic Bond Risks and the Zero Lower Bound	Financial Markets, Macro Finance	Other Publications	2016	Macro-Finance Term Structure Models, Zero Lower Bound, Shadow Rates, Shadow Risk Premia
Roberto Casarin, Michele Costola	Structural Changes in Large Economic Datasets: A Nonparametric Homogeneity Test Economics Letters	Systemic Risk Lab	Published Paper	2019
Massimiliano Caporin, Michele Costola	Asymmetry and Leverage in GARCH Models: A News Impact Curve Perspective Applied Economics	Systemic Risk Lab	Published Paper	2019
Matthias Max Nagel, Matthias Thiemann	Shifting Frames of the Expert Debate: Quantitative Easing, International Macro-Finance and the Potential Impact of Post-Keynesian Scholarship	Financial Markets, Macro Finance	Other Publications	2019
Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch	Whatever it Takes: The Real Effects of Unconventional Monetary Policy Review of Financial Studies	Financial Intermediation, Data Center	Published Paper	2019
Zhiwu Hong, Linlin Niu	An Arbitrage-Free Yield Net Model with Application to the Euro Debt Crisis	Financial Markets, Macro Finance	Other Publications	2019
Tina Koziol, Jesper Riedler, Joeri Schasfoort	Euro Area Quantitative Easing in a Portfolio Balance Model with Heterogeneous Agents and Assets	Financial Markets, Macro Finance	Other Publications	2019
Linlin Niu	Sparse-Group Independent Component Analysis with Application to Yield Curve Prediction Computational Statistics & Data Analysis	Macro Finance	Other Publications	2019
Christopher Busch, Alexander Ludwig	Higher-Order Income Risk over the Business Cycle: A Parametric Approach SAFE Working Paper No. 274	Macro Finance	SAFE Working Paper	2020	Labor Income Risk, Business Cycle, GMM Estimation, Skewness, Persistent and Transitory Income Shocks, Risk Attitudes, Life-Cycle Model
Ester Faia, Vincenzo Pezone	The Heterogeneous Cost of Wage Rigidity: Evidence and Theory SAFE Working Paper No. 242	Macro Finance	SAFE Working Paper	2019
Alexander Bick, Bettina Brüggemann, Nicola Fuchs-Schündeln, Hannah Paule-Paludkiewicz	Long-term Changes in Married Couples’ Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s	Macro Finance	Other Publications	2018
Allan Davids, Co-Pierre Georg	The Cape of Good Homes: Exchange Rate Depreciations, Foreign Demand and House Prices	Financial Markets, Macro Finance	Other Publications	2019	foreign housing demand, exchange rates, house prices
Martin Götz	Financial Constraints and Corporate Environmental Responsibility SAFE Working Paper No. 241	Law and Finance	SAFE Working Paper	2019
Mucai Lin, Linlin Niu	Echo over the Great Wall: Spillover Effects of QE Announcements on Chinese Yield Curve	Financial Markets, Macro Finance	Other Publications	2019
Jan Pieter Krahnen	Target Balances and Financial Crises Policy Letter No. 71	Financial Markets	Policy Paper	2019	Target 2, payment system, central banks, Eurosystem
Viral Acharya	Foreign Fund Flows and Asset Prices: Evidence from the Indian Stock Market	Financial Markets	Other Publications	2016
Kunka Petkova, Alfons J. Weichenrieder	Grunderwerbsteuer: Eine Steuer für das 21. Jahrhundert? White Paper No. 58	Macro Finance	Policy Paper	2019	Grunderwerbsteuer, Reformvorschläge, Freibetrag, Steuergestaltung, Share Deals
Paul Gortner, Baptiste Massenot	Leverage and Bubbles: Experimental Evidence SAFE Working Paper No. 239	Macro Finance, Experiment Center	SAFE Working Paper	2018
Linlin Niu, Loriana Pelizzon, Marti Subrahmanyam, Reiko Tobe, Davide Tomio, Jun Uno	Scarcity and Spotlight Effects on Liquidity and Yield: Quantitative Easing in Japan	Financial Markets, Macro Finance, Systemic Risk Lab	Other Publications	2018
Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle Journal of Banking and Finance	Household Finance	Published Paper	2019	Return predictability, human capital, housing, investments, welfare
Joost Driessen, Theo E. Nijman, Zorka Simon	A Simple Approach to Estimate Long-Term Interest Rates SAFE Working Paper No. 238	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2018	Sovereign Bonds, Term Structure of Interest Rates, Segmentation, Liquidity, Flight-to-safety, Credit Risk, Unconventional Monetary Policy
Nathanael Vellekoop	Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? SAFE Working Paper No. 237	Household Finance	SAFE Working Paper	2018	consumption, consumption commitments, paycheck frequency, liquidity
Mario Bellia, Kim Christensen, Aleksey Kolokolov, Loriana Pelizzon, Roberto Renò	Do Designated Market Makers Provide Liquidity During a Flash Crash? SAFE Working Paper No. 270	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2020
Julia Hirsch, Uwe Walz	The Financing Dynamics of Newly Founded Firms Journal of Banking and Finance	Law and Finance	Published Paper	2019	financing decisions, life-cycle, firm growth, newly founded firms
Monica Billio, Massimiliano Caporin, Roberto Panzica, Loriana Pelizzon	The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification International Review of Economics & Finance	Financial Markets, Systemic Risk Lab	Published Paper	2023	CAPM, volatility, network, interconnections, systematic risk
Irina Gemmo, Helmut Gründl, Martin Götz	Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data SAFE Working Paper No. 240	Household Finance	SAFE Working Paper	2019
Daniel Harenberg, Alexander Ludwig	Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security International Economic Review	Household Finance, Macro Finance	Published Paper	2019	social security, idiosyncratic risk, aggregate risk, welfare
Jasmin Gider, Peter Gomber, Simon N. M. Schmickler, Christian Westheide	High-Frequency Trading and Price Informativeness SAFE Working Paper No. 248	Financial Markets	SAFE Working Paper	2019	High-Frequency Trading, Price Efficiency, Information Acquisition, Information Production
Mila Getmansky Sherman, Christian Kubitza, Loriana Pelizzon	Loss Sharing in Central Clearinghouses: Winners and Losers SAFE Working Paper No. 235	Systemic Risk Lab	SAFE Working Paper	2018	Central Clearing, Counterparty Risk, Systematic Risk, OTC markets, Derivatives, Loss Sharing, Collateral, Margin
Nicoletta Berardi, Marie Lalanne, Paul Seabright	Professional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America SAFE Working Paper No. 243	Law and Finance	SAFE Working Paper	2019
Alejandro Bernales, Nicolas Garrido, Satchit Sagade, Marcela Valenzuela, Christian Westheide	Trader Competition in Fragmented Markets: Liquidity Supply versus Picking-off Risk SAFE Working Paper No. 234	Financial Markets	SAFE Working Paper	2018	Fragmentation, Competition, Liquidity, Price Efficiency
Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell	Money-Back Guarantees in Individual Retirement Accounts: Still a Good Deal? SAFE Working Paper No. 263	Household Finance	SAFE Working Paper	2019	individual retirement account, investment guarantee, longevity risk, retirement income, life cycle model
Baptiste Massenot, Yuri Pettinicchi	Can Households See into the Future? Survey Evidence from the Netherlands Journal of Economic Behavior and Organization	Macro Finance	Published Paper	2019
Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach	Wie viel Rente wirst du bekommen? – Pilotstudie zur Einführung einer Renteninformationsplattform in Deutschland White Paper No. 57	Household Finance	Policy Paper	2018
Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash Journal of Economic Dynamics and Control	Household Finance	Published Paper	2019	consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Tim Alexander Kroencke, Maik Schmeling, Andreas Schrimpf	The FOMC Risk Shift SAFE Working Paper No. 302	Financial Markets	SAFE Working Paper	2021	Monetary Policy Surprises; Equity Premium; Fund Flows; Portfolio Rebalanc- ing; Price Pressures
Jannic Cutura	Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? SAFE Working Paper No. 232	Financial Intermediation	SAFE Working Paper	2018
Benjamin Clapham, Peter Gomber, Jens Lausen, Sven Panz	Liquidity Provider Incentives in Fragmented Securities Markets SAFE Working Paper No. 231	Financial Markets	SAFE Working Paper	2018	Liquidity, Trading Volume, Market Fragmentation, Liquidity Provider Incentives, Transaction Costs
Yalin Gündüz, Giorgio Ottonello, Loriana Pelizzon, Michael Schneider, Marti Subrahmanyam	Lighting up the Dark: Liquidity in the German Corporate Bond Market SAFE Working Paper No. 230	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2018	Corporate Bonds, WpHG, Liquidity, Transparency, OTC markets
Daniel Harenberg	Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk SAFE Working Paper No. 229	Macro Finance	SAFE Working Paper	2018	equity premium; idiosyncratic risk; aggregate risk; lifecycle
Roberto Panzica	Idiosyncratic Volatility Puzzle: The Role of Assets' Interconnections SAFE Working Paper No. 228	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2018	Idiosyncratic volatility puzzle; Networks; Expected Returns; Granger Causality
Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley	Portfolio Similarity and Asset Liquidation in the Insurance Industry Journal of Financial Economics	Financial Markets, Systemic Risk Lab	Published Paper	2021	Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI
Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova	Recovery from Fast Crashes: Role of Mutual Funds SAFE Working Paper No. 227	Financial Markets, Systemic Risk Lab, Data Center	SAFE Working Paper	2018	Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital
Vanessa Endrejat, Matthias Thiemann	Reviving the Shadow Banking Chain in Europe: Regulatory Agency, Technical Complexity and the Dynamics of Co-Habitation SAFE Working Paper No. 222	Financial Intermediation	SAFE Working Paper	2018
Jan Pieter Krahnen	Über Scheinriesen: Was TARGET-Salden tatsächlich bedeuten Eine finanzökonomische Überprüfung White Paper No. 56	Financial Markets	Policy Paper	2018	TARGET-Salden, TARGET2, europäischer Zahlungsverkehr, Zentralbankensystem, Eurosystem
Axel Börsch-Supan, Duarte Nuno Leite, Alexander Ludwig	Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms SAFE Working Paper No. 221	Macro Finance	SAFE Working Paper	2018	Population aging, pension reform, social security, life-cycle behavior, labor supply, retirement age, welfare
Florian Hoffmann, Roman Inderst, Marcus Opp	Only Time will Tell: A Theory of Deferred Compensation SAFE Working Paper No. 218	Law and Finance	SAFE Working Paper	2018	Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle
Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Annika Weber	Client Involvement in Expert Advice: Antibiotics in Finance? SAFE Working Paper No. 219	Household Finance	SAFE Working Paper	2018	Financial Advice, Individual Investors, Client Involvement
Florian Deuflhard	Quantifying Inertia in Retail Deposit Markets SAFE Working Paper No. 223	Household Finance	SAFE Working Paper	2018
Andrej Gill, Florian Hett, Johannes Tischer	Measuring Time Inconsistency Using Financial Transaction Data White Paper No. 55	Household Finance, Experiment Center	Policy Paper	2018	financial transaction data, financial decision-making, time inconsistency, present bias
Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré	Pricing Sin Stocks: Ethical Preference vs. Risk Aversion SAFE Working Paper No. 216	Financial Markets	SAFE Working Paper	2018	Asset Pricing, General Equilibrium, Sin Stocks
Reint Gropp, Felix Noth, Ulrich Schüwer	What Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk SAFE Working Paper No. 246	Financial Intermediation	SAFE Working Paper	2019	banking, geographic expansion, deregulation, locally non-diversiable risk, catastrophic risk
Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander Zimper	Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs International Economic Review	Macro Finance	Published Paper	2021
Alfons J. Weichenrieder, Fangying Xu	Are Tax Havens Good? Implications of the Crackdown on Secrecy Journal of Economics	Macro Finance	Published Paper	2019
Peter Gomber, Ilya Gvozdevskiy	Dark Trading under MiFID II Regulation of the EU Financial Markets: MiFID II and MiFIR (Oxford University Press)	Financial Markets	Published Paper	2017
Loriana Pelizzon, Anjan Thakor, Calebe de Roure	P2P Lenders versus Banks: Cream Skimming or Bottom Fishing? The Review of Corporate Finance Studies	Household Finance	Published Paper	2022
Claes Bäckman, Tobin Hanspal	Participation and Losses in Multi-Level Marketing: Evidence from a Federal Trade Commission Settlement Finance Planning Review	Household Finance	Published Paper	2022
Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies	Can Advertising Investments Counter the Negative Impact of Shareholder Complaints on Firm Value? Journal of Marketing	Household Finance	Published Paper	2019
Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini	CEO Investment of Deferred Compensation Plans and Firm Performance Journal of Business Finance & Accounting	Law and Finance	Published Paper	2019	Inside Debt, Executive Compensation, Corporate Distress
Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré	Pricing Sin Stocks: Ethical Preference vs. Risk Aversion European Economic Review	Financial Markets	Published Paper	2019
Yangming Bao, Martin Götz	Local Peer Effects and Corporate Investment SAFE Working Paper No. 220	Law and Finance	SAFE Working Paper	2018	Investments, Peer Firm Effects, Agglomeration, Corporate Income Tax
Baptiste Massenot, Giang Nghiem	Depressed Demand SAFE Working Paper No. 257	Macro Finance	SAFE Working Paper	2019
Rainer Haselmann, Mark Wahrenburg	How Demanding and Consistent is the 2018 Stress Test Design in Comparison to Previous Exercises? White Paper No. 54	Financial Intermediation	Policy Paper	2018	stress test, European banks, Banking union,
Massimiliano Caporin, Aleksey Kolokolov, Roberto Renò	Systemic Co-Jumps Journal of Financial Economics	Financial Markets, Systemic Risk Lab	Published Paper	2017	Jumps; Return predictability; Systemic events; Variance risk premium
Edin Ibrocevic, Matthias Thiemann	All Economic Ideas are Equal, but Some are more Equal than Others: A Differentiated Perspective on Macroprudential Ideas and their Implementation SAFE Working Paper No. 214	Financial Intermediation, Systemic Risk Lab	SAFE Working Paper	2018	macroprudential regulation, ideational shift, systemic risk, topic modelling, central bank policy
Jan Friedrich, Matthias Thiemann	A New Governance Architecture for European Financial Markets? Towards a European Supervision of CCPs White Paper No. 53	Financial Intermediation	Policy Paper	2018	Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage, Brexit
Olga Goldfayn-Frank, Nathanael Vellekoop	The Role of Personality Traits in Household Loan Expectations and Borrowing Constraints SAFE Working Paper No. 381	Financial Intermediation, Household Finance	SAFE Working Paper	2023
Marcel Bluhm	Persistent Liquidity Shocks and Interbank Funding Journal of Financial Stability	Financial Intermediation, Systemic Risk Lab	Published Paper	2018	Financial fragility, Interbank market, Liquidity, Maturity, Network
Otmar Issing	Stabiles Geld – eine Illusion? Alternative Währungssysteme – Hayeks Fundamentalkritik – Unabhängigkeit der Notenbanken White Paper No. 52	Macro Finance	Policy Paper	2018	Geldpolitik, Zentralbanken, Unabhängigkeit, Währungswettbewerb, Kryptowährungen, Hayek
Aleksey Kolokolov, Giulia Livieri, Davide Pirino	Statistical Inferences for Price Staleness SAFE Working Paper No. 236	Financial Markets	SAFE Working Paper	2018	staleness, idle time, liquidity, zero returns, stable convergence
Jan Friedrich, Christian Resch, Matthias Thiemann	If you do it, do it right – The need for a Common European Supervisory Architecture for CCPs Policy Letter No. 70	Financial Intermediation	Policy Paper	2018	Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage
Jannis Bischof, Christian Laux, Christian Leuz	Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges SAFE Working Paper No. 283	Financial Intermediation	SAFE Working Paper	2020	Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting
Thomas Mosk	Bargaining with a Bank SAFE Working Paper No. 211	Financial Intermediation	SAFE Working Paper	2018	Credit lines, Contract terms, Bargaining, Screening
Darien Huang, Christian Schlag, Ivan Shaliastovich, Julian Thimme	Volatility-of-Volatility Risk SAFE Working Paper No. 210	Financial Markets	SAFE Working Paper	2018	volatility of volatility, hedging errors, risk premiums
Claudia Lambert, Felix Noth, Ulrich Schüwer	How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina Review of Finance	Financial Intermediation	Published Paper	2019	catastrophic events, bank regulation, capital ratios, natural experiment
Jan Friedrich, Matthias Thiemann	Drawing the Line: The Political Economy of Off-Balance Sheet-Financing	Financial Intermediation	Published Paper	2016
Zsuzsa R. Huszar, Zorka Simon	The Pricing Implications of Oligopolistic Securities Lending Market: A Beneficial Owner Perspective SAFE Working Paper No. 215	Systemic Risk Lab	SAFE Working Paper	2018
Eren Gürer, Alfons J. Weichenrieder	Pro-rich Inflation in Europe: Implications for the Measurement of Inequality SAFE Working Paper No. 209	Macro Finance	SAFE Working Paper	2018	Inequality, Gini, EU countries, income dependent inflation
Fabian Ochsenfeld	The Relational Nature of Employment Dualization: Evidence from Subcontracting Establishments European Sociological Review	Law and Finance	Published Paper	2018
Vasso Ioannidou, Jose Liberti, Thomas Mosk, Jason Sturgess	Intended and Unintended Consequences of Government Credit Guarantee Programs Finance and Investment: The European Case (Oxford University Press)	Financial Intermediation	Published Paper	2018
Nikolaus Fink, Philipp Schmidt-Dengler, Konrad Stahl, Christine Zulehner	Registered Cartels in Austria: An Overview European Journal of Law and Economics	Law and Finance	Published Paper	2017	Collusion, Cartels, Legal cartels, Contracts
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner	Effects of Government Spending on Employment: Evidence from Winners and Runners-up in Procurement Auctions SAFE Working Paper No. 213	Macro Finance	SAFE Working Paper	2018	labor demand, labor hoarding, construction procurement, first-price auctions, recent economic crisis, regression discontinuity design
Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner	Competition in Treasury Auctions American Economic Journal: Microeconomics	Law and Finance	Published Paper	2019	treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format
Michael Donadelli, Antonio Paradiso, Max Riedel	A Quasi Real-Time Leading Indicator for the EU Industrial Production The Manchester School	Financial Markets	Published Paper	2019	Leading indicator, EU industrial production, Granger causality, Turning points, Forward-looking Taylor rule
Jan Friedrich, Matthias Thiemann	Why the Initial Regulation of Financial Innovations is Decisive − Regulatory Arbitrage and Off-Balance-Sheet Leasing in Germany Policy Letter No. 69	Financial Markets	Policy Paper	2018	financial innovations, regulation, regulatory arbitrage, leasing
Claes Bäckman, Tobin Hanspal	Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement SAFE Working Paper No. 207	Household Finance	SAFE Working Paper	2018	Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection
Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix	Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment Review of Financial Studies	Financial Intermediation	Published Paper	2019	Bank capital ratios, Bank regulation, Credit supply
Michael Brennan, Holger Kraft	Leaning Against the Wind: Debt Financing in the Face of Adversity Financial Management	Financial Markets	Published Paper	2018	Capital structure, financing policy, managerial incentives
Horst Entorf, Jia Hou	Financial Education for the Disadvantaged? A Review SAFE Working Paper No. 205	Household Finance	SAFE Working Paper	2018	Education, Financial Literacy, Inequality, Program Evaluation
Tobias Tröger	Too Complex to Work – A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime Journal of Financial Regulation	Financial Intermediation	Published Paper	2018
Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon	Measuring Sovereign Contagion in Europe Journal of Financial Stability	Financial Markets, Systemic Risk Lab	Published Paper	2018
Stephanie Collet, Kim Oosterlinck	Le Concept de Dettes Odieuses Revue d´économie Financière	Financial Intermediation, Data Center	Published Paper	2019
Florian Hett, Felix Schmidt	Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback SAFE Working Paper No. 203	Household Finance, Experiment Center	SAFE Working Paper	2018	heterogeneity, competitiveness; contest; rank feedback, relative performance evaluation
Stephanie Collet, Kim Oosterlinck	Denouncing Odious Debts Journal of Business Ethics	Financial Markets, Data Center	Published Paper	2018	Ethics, Odious debt, Repudiation, Financial history, Sovereign debt, Russia
Nicole Branger, Paulo Rodrigues, Christian Schlag	Level and Slope of Volatility Smiles in Long-Run Risk Models SAFE Working Paper No. 186	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2017	Asset pricing, Epstein-Zin preferences, jump risk, stochastic volatility, level and slope of implied volatility smile
Matthias Goldmann, Grygoriy Pustovit	Governing Cryptocurrencies through Forward Guidance? Policy Letter No. 68	Financial Markets	Policy Paper	2018	cryptocurrencies, blockchain, distributed ledger technology, regulation, forward guidance
Tobias Tröger	Germany's Reluctance to Regulate Related Party Transactions SAFE Working Paper No. 202	Law and Finance	SAFE Working Paper	2018	related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law
Dirk Krueger, Alexander Ludwig	Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk SAFE Working Paper No. 201	Macro Finance	SAFE Working Paper	2018	Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality
Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander Zimper	Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs SAFE Working Paper No. 200	Macro Finance	SAFE Working Paper	2018	Subjective Survival Beliefs, Probability Weighting Function, Conrmatory Bias, Cognition, Optimism, Pessimism
Massimiliano Caporin, Luca Corazzini, Michele Costola	Measuring the Behavioural Component of the S&P 500 and its Relationship to Financial Stress and Aggregated Earnings Surprises British Journal of Management	Financial Markets, Systemic Risk Lab	Published Paper	2019
Tobias Tröger	Regulation of Crowdfunding in Germany SAFE Working Paper No. 199	Law and Finance	SAFE Working Paper	2018	crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation
Benjamin Clapham, Peter Gomber, Martin Haferkorn, Paul Jentsch, Sven Panz	Circuit Breakers – A Survey among International Trading Venues SAFE Working Paper No. 197	Financial Markets	SAFE Working Paper	2018
Johannes Kasinger, Loriana Pelizzon	Financial Stability in the EU: A Case for Micro Data Transparency Policy Letter No. 67	Financial Markets, Systemic Risk Lab	Policy Paper	2018	micro data transparency, financial stability, financial market data
Brigitte Haar	Too-big-to-fail im Spannungsfeld von Wettbewerb und Regulierung Festschrift für Theodor Baums zum siebzigsten Geburtstag (Mohr Siebeck)	Financial Intermediation	Published Paper	2017
Reinhard H. Schmidt	Passt das deutsche Dreisäulensystem in eine zunehmend harmonisierte Bankenstruktur für Europa? Policy Letter No. 65	Financial Intermediation	Policy Paper	2018	Drei-Säulen-System, Bankensektor, Finanzkrise
Martin Haferkorn	High-Frequency Trading and its Role in Fragmented Markets Journal of Information Technology	Financial Markets	Published Paper	2017	Eelectronic market hypothesis, High-frequency trading, Market efficiency, Regulation, Securities trading
Markus Gangl	Lohnbildung und Lohnverteilung Arbeitsmarktsoziologie: Probleme, Theorien, empirische Befunde (Springer)	Law and Finance	Published Paper	2018
Iñaki Aldasoro, Domenico Delli Gatti, Ester Faia	Bank Networks: Contagion, Systemic Risk and Prudential Policy Journal of Economic Behavior and Organization	Macro Finance	Published Paper	2017	Banking networks; Systemic risk; Contagion, Fire sales, Prudential regulation
Iñaki Aldasoro, Ester Faia	Systemic Loops and Liquidity Regulation Journal of Financial Stability	Macro Finance	Published Paper	2016	Bank runs, Liquidity scarcity, Interconnections, Contagion, Phase-in
Baptiste Massenot	Pain of Paying in a Business Cycle Model SAFE Working Paper No. 194	Macro Finance	SAFE Working Paper	2018
Otmar Issing	Deutschland und Europa Policy Letter No. 66	Macro Finance	Policy Paper	2018	Europäische Währungsunion, Fiskalunion, ESM, Europäischer Währungsfonds
Mario Bellia, Giulio Girardi, Roberto Panzica, Loriana Pelizzon, Tuomas A. Peltonen	The Demand for Central Clearing: To Clear or Not to Clear, That is the Question SAFE Working Paper No. 193	Systemic Risk Lab	SAFE Working Paper	2018	Credit Default Swap (CDS), Central Counterparty Clearing House (CCP), European Market Infrastructure Regulation (EMIR), Sovereign
Steffen Andersen, Tobin Hanspal, Kasper Meisner Nielsen	Once Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking Journal of Financial Economics	Household Finance	Published Paper	2019	Experiences, Risk taking, Financial crisis, Household finance
Patrick Grüning	Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics Finance Research Letters	Financial Markets	Published Paper	2018	Heterogeneous innovation; Technology spillover; Endogenous growth; Creative destruction; International finance
Massimiliano Caporin, Michele Costola, Gregory Jannin, Bertrand B. Maillet	On the (Ab)use of Omega? Journal of Empirical Finance	Systemic Risk Lab	Published Paper	2018	Performance measure Omega Return distribution Risk Stochastic dominance
Benjamin Clapham, Peter Gomber, Martin Haferkorn, Paul Jentsch, Sven Panz	Ensuring Market Integrity and Stability: Circuit Breakers on International Trading Venues Journal of Trading	Financial Markets	Published Paper	2017
Loriana Pelizzon, Anjan Thakor, Calebe de Roure	P2P Lending versus Banks: Cream Skimming or Bottom Fishing? SAFE Working Paper No. 206	Household Finance, Systemic Risk Lab	SAFE Working Paper	2018
Loriana Pelizzon, Matteo Sottocornola	The Impact of Monetary Policy Interventions on the Insurance Industry SAFE Working Paper No. 204	Financial Markets, Macro Finance, Systemic Risk Lab	SAFE Working Paper	2018	Event study, monetary policy surprise, unconventional monetary policy, conventional monetary policy, insurance industry
Alfons J. Weichenrieder	Digitalization and Taxation: Beware Ad hoc Measures Policy Letter No. 64	Macro Finance	Policy Paper	2018	Digitalization, taxation
Matthias Goldmann	Monetary Policy and Prudential Supervision – From Functional Separation to a Holistic Approach? Policy Letter No. 63	Macro Finance	Policy Paper	2018	Monetary policy, financial stability, financial supervision
Fabrizio Lillo, Loriana Pelizzon, Michael Schneider	Modelling Illiquidity Spillovers with Hawkes Processes: An Application to the Sovereign Bond Market Quantitative Finance	Financial Markets, Systemic Risk Lab	Published Paper	2018	Liquidity, Jump detection, Hawkes processes, Government bonds, MTS bond market
Nathanael Vellekoop, Mirko Wiederholt	Inflation Expectations and Choices of Households SAFE Working Paper No. 250	Household Finance	SAFE Working Paper	2019
Luca Enriques, Tobias Tröger	The Law and Finance of Related Party Transactions Cambridge University Press	Law and Finance	Published Paper	2019
Vincenzo Pezone	The Real Effects of Judicial Enforcement SAFE Working Paper No. 192	Law and Finance	SAFE Working Paper	2018
Julia Hirsch, Uwe Walz	Financial Constraints, Newly Founded Firms and the Financial Crisis SAFE Working Paper No. 191	Law and Finance	SAFE Working Paper	2017	financial constraints, financial crisis, financing decisions, investment decisions, newly founded firms
Martin Götz, Jan Pieter Krahnen, Tobias Tröger	Five Years after the Liikanen Report: What Have We Learned? White Paper No. 50	Financial Intermediation	Policy Paper	2017	Financial stability, banking separation, prohibition of proprietary trading, banking and treasury functions, bail-in, MREL, TLAC
Monica Billio, Michele Costola, Roberto Panzica, Loriana Pelizzon	Systemic Risk and Financial Interconnectedness: Network Measures and the Impact of the Indirect Effect Systemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier)	Financial Intermediation, Systemic Risk Lab	Published Paper	2016	systemic measures, connectedness measures, financial network, financial institutions, hedge funds, loss measures, quantile regressions, CoVaR, global network measures, local network measures, loss prediction, Settore SECS-P/05 - Econometria
Elia Berdin, Matteo Sottocornola	Systemic Risk in Insurance: Towards a new Approach Policy Letter No. 62	Financial Markets	Policy Paper	2017	systemic risk, macroprudential franework, insurance, financial stability
Mark Wahrenburg	Provisioning Policies for Non-Performing Loans: How to Best Ensure a "Clean Balance Sheet"? White Paper No. 51	Financial Intermediation	Policy Paper	2017	IFRS 9, provisioning rules, EU banks
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior SAFE Working Paper No. 190	Household Finance	SAFE Working Paper	2017	dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax
Carlo Wix	The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity SAFE Working Paper No. 189	Financial Intermediation	SAFE Working Paper	2017	Financial Crises, Bank Lending, Real Effects, Firm Investment, Wage Rigidity, Labor Hoarding
Michael Donadelli, Patrick Grüning, Marcus Jüppner, Renatas Kizys	Global Temperature, R&D Expenditure, and Growth SAFE Working Paper No. 188	Financial Markets	SAFE Working Paper	2017	Global Temperature, R&D, Welfare Costs
Kunka Petkova, Alfons J. Weichenrieder	Reformpläne bei der Grunderwerbsteuer Policy Letter No. 61	Macro Finance	Policy Paper	2017	Grunderwerbsteuer, Reformvorschläge, Freibetrag, Steuergestaltung, Share Deals
Baptiste Massenot, Yuri Pettinicchi	Can Firms See into the Future? Survey Evidence from Germany SAFE Working Paper No. 187	Macro Finance	SAFE Working Paper	2017	Expectation formation; Expectation error; Learning; Extrapolation; Experience
Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley	Portfolio Similarity and Asset Liquidation in the Insurance Industry SAFE Working Paper No. 224	Financial Intermediation, Systemic Risk Lab	SAFE Working Paper	2018	Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI
Baptiste Massenot, Yuri Pettinicchi	Can Households See into the Future? Survey Evidence from the Netherlands SAFE Working Paper No. 233	Macro Finance	SAFE Working Paper	2018
Maddalena Davoli, Jia Hou	Financial Literacy and Socialist Education: Lessons from the German Reunification SAFE Working Paper No. 217	Household Finance	SAFE Working Paper	2018	financial literacy determinants, socialist education, German reunification, DiD
Jens Gal, Helmut Gründl	The Recalibration of the European System of Financial Supervision in Regard of the Insurance Sector: From Dreary to Dreamy or Vice Versa? Policy Letter No. 60	Financial Intermediation, Household Finance	Policy Paper	2017	European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision
Nicole Branger, Paulo Rodrigues, Christian Schlag	Level and Slope of Volatility Smiles in Long-Run Risk Models Journal of Economic Dynamics and Control	Financial Markets, Systemic Risk Lab	Published Paper	2018	Asset pricing, Epstein-Zin preferences, jump risk, stochastic volatility, level and slope of implied volatility smile
Juan Pablo Bohoslavsky, Matthias Goldmann	Sovereign Debt Sustainability as a Principle of Public International Law: An Incremental Approach to Sovereign Debt Restructuring Yale Journal of International Law	Financial Intermediation	Published Paper	2016	sovereign debt restructuring, international law, collective action clauses, debt sustainability, legal principles, holdout creditors, holdout litigation
Matthias Goldmann, Silvia Steininger	A Discourse Theoretical Approach to Sovereign Debt Restructuring: Towards a Democratic Financial Order German Law Journal	Financial Intermediation	Published Paper	2016	democracy, finance, role of law, discourse theory, Habermas, sovereign debt, cleavages
Matthias Goldmann, Ingo Venzke, Armin von Bogdandy	From Public International to International Public Law: Translating World Public Opinion into International Public Authority European Journal of International Law	Financial Intermediation	Published Paper	2017	international organizations, global governance, world public opinion, public authority, soft law
Matthias Goldmann	International Investment Law and Financial Regulation: Towards a Deliberative Approach International Investment Law and the Global Financial Architecture (Edward Elgar)	Financial Intermediation	Published Paper	2017	international investment law, financial regulation, deliberation, monetary policy, sovereign debt
Patrick Grüning	Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics SAFE Working Paper No. 185	Financial Markets	SAFE Working Paper	2017	Heterogeneous innovation, Technology spillover, Endogenous growth, Creative destruction, International finance
Tobias Tröger	Remarks on the German Regulation of Crowdfunding SAFE Working Paper No. 184	Financial Intermediation	SAFE Working Paper	2017	crowdinvesting, crowdfunding, fintech, financial stability, market infrastructure, investor protection
Florian Hett, Johannes Kasinger	Undermined Market Discipline: The Role of Bank Rescues and Bailout Expectations Policy Letter No. 59	Financial Intermediation, Experiment Center	Policy Paper	2017	bailout, market discipline, financial institutions, financial crisis, banks
Fabian Ochsenfeld	Mercantilist Dualization: The Introduction of the Euro, Redistribution of Industry Rents, and Wage Inequality in Germany, 1993–2008 Socio-Economic Review	Macro Finance	Published Paper	2018	distribution, manufacturing, causal mechanisms, political economy, Germany, Europe
Katja Langenbucher, Lara Milione, Andreas Roth, Tobias Tröger	EU Mapping 2017: Systematic Overview on Economic and Financial Legislation White Paper No. 49	Law and Finance	Policy Paper	2017	EU economic and financial services legislation
Joost Driessen, Theo E. Nijman, Zorka Simon	The Missing Piece of the Puzzle: Liquidity Premiums in Inflation-Indexed Markets SAFE Working Paper No. 183	Financial Markets	SAFE Working Paper	2017	Liquidity premium, liquidity risk, TIPS, inflation swaps, TIPS–Treasury puzzle
Benjamin Clapham, Peter Gomber, Sven Panz	Coordination of Circuit Breakers? Volume Migration and Volatility Spillover in Fragmented Markets SAFE Working Paper No. 196	Financial Markets	SAFE Working Paper	2018	Circuit Breaker, Volatility Interruption, Market Fragmentation, High-Frequency Trading, Stock Market, Regulation, Liquidity
Benjamin Clapham, Peter Gomber, Martin Haferkorn, Sven Panz	Managing Excess Volatility: Design and Effectiveness of Circuit Breakers SAFE Working Paper No. 195	Financial Markets	SAFE Working Paper	2018	Circuit Breaker, Volatility Interruption, Volatility, Liquidity, Market Design
Alexander Bick, Nicola Fuchs-Schündeln	Quantifying the Disincentive Effects of Joint Taxation on Married Women’s Labor Supply American Economic Review: Papers & Proceedings	Macro Finance	Published Paper	2017	Tax Law, Fiscal Policies, Behavior of Economic Agents, Household
Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Jun Uno, Darya Yuferova	Coming Early to the Party SAFE Working Paper No. 182	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2017	High-Frequency Traders (HFTs), Proprietary Trading, Opening Auction, Liquidity Provision, Price Discovery
Henning Hesse, Boris Hofmann, James Weber	The Macroeconomic Effects of Asset Purchases Revisited SAFE Working Paper No. 198	Macro Finance	SAFE Working Paper	2018	unconventional monetary policy, asset purchases, monetary transmission
Henning Hesse	Incentive Effects from Write-down CoCo Bonds: An Empirical Analysis SAFE Working Paper No. 212	Macro Finance	SAFE Working Paper	2018	CoCo bonds, contingent capital, endogenous risk, capital structure, incentives, monitoring
Jan Friedrich, Matthias Thiemann	Much Ado about Nothing? Macro-Prudential Ideas and the Post-Crisis Regulation of Shadow Banking Kölner Zeitschrift für Soziologie und Sozialpsychologie	Financial Intermediation	Published Paper	2018	financial regulation, shadow banking, epistemic authority, private risk-management
Jan Friedrich, Matthias Thiemann	Capital Markets Union: The Need for Common Laws and Common Supervision DIW-Vierteljahreshefte zur Wirtschaftsforschung	Financial Intermediation	Published Paper	2017	Capital Markets Union, clearing, regulatory competition, regulatory arbitrage, supervision
Roberto Casarin, Michele Costola, Erdem Yenerdag	Financial Bridges and Network Communities SAFE Working Paper No. 208	Systemic Risk Lab	SAFE Working Paper	2018	Systemic Risk; Financial Institutions; Network Communities; Financial Crises
Loriana Pelizzon, Marti Subrahmanyam, Davide Tomio	Central Bank-Driven Mispricing SAFE Working Paper No. 226	Financial Markets, Macro Finance, Systemic Risk Lab	SAFE Working Paper	2018	Central Bank Interventions, Liquidity, Sovereign Bonds, Futures Contracts, Arbitrage
Viral Acharya, Diane Pierret, Sascha Steffen	Lender of Last Resort, Buyer of Last Resort, and a Fear of Fire Sales in the Sovereign Bond Market	Financial Markets, Macro Finance	Other Publications	2018
Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment Review of Finance	Household Finance	Published Paper	2018	Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon	Networks in Risk Spillovers: A Multivariate GARCH Perspective SAFE Working Paper No. 225	Financial Intermediation, Systemic Risk Lab	SAFE Working Paper	2018	spatial GARCH; network; risk spillover; nancial spillover
Holger Kraft, Farina Weiss	Consumption-Portfolio Choice with Preferences for Cash SAFE Working Paper No. 181	Household Finance	SAFE Working Paper	2018	consumption-portfolio choice, money in the utility function, stock demand, stochastic control
Hans-Helmut Kotz, Reinhard H. Schmidt	Corporate Governance of Banks – A German Alternative to the “Standard Model” White Paper No. 45	Financial Intermediation	Policy Paper	2017	corporate governance, German banks, German banking system
Reinhard H. Schmidt	Microfinance – Once and Today White Paper No. 48	Financial Intermediation	Policy Paper	2017	Microfinance, German savings banks, German cooperative banks, Inclusive Finance
Tobias Tröger	Why MREL Won't Help Much SAFE Working Paper No. 180	Financial Intermediation	SAFE Working Paper	2017	MREL, TLAC, G-SIB, bail-in, bank resolution
Tobias Tröger	Too Complex to Work - A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime SAFE Working Paper No. 179	Financial Intermediation	SAFE Working Paper	2017	bail-in, private sector involvement, precautionary recapitalization, cross-border insolvency, market discipline
Matthias Goldmann	Karlsruhe Refers the QE Case to Luxembourg: Summer of Love Policy Letter No. 58	Macro Finance	Policy Paper	2017	ECB, Quantitative Easing, OMT, Monetary Policy, ECJ, BVerfG
Matthias Goldmann	United in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union SAFE Working Paper No. 178	Financial Intermediation, Macro Finance	SAFE Working Paper	2018	Banking Union, Monetary Policy, Financial Stability, Single Supervisory Mechanism, Democratic Legitimacy
Michael Donadelli, Marcus Jüppner, Max Riedel, Christian Schlag	Temperature Shocks and Welfare Costs Journal of Economic Dynamics and Control	Financial Markets	Published Paper	2017	Temperature shocks, long-run growth, asset prices, welfare costs, adaptation
Michael Donadelli, Marcus Jüppner, Max Riedel, Christian Schlag	Temperature Shocks and Welfare Costs SAFE Working Paper No. 177	Financial Markets	SAFE Working Paper	2017	Temperature shocks, long-run growth, asset prices, welfare costs, adaptation
Giuliano Curatola, Ilya Dergunov	International Capital Markets with Time-Varying Preferences SAFE Working Paper No. 176	Household Finance, Financial Markets	SAFE Working Paper	2017	Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice
Reint Gropp, Deyan Radev	International Banking Conglomerates and the Transmission of Lending Shocks Across Borders SAFE Working Paper No. 175	Financial Intermediation	SAFE Working Paper	2017	Commercial banks, global banks, wholesale shocks, solvency shocks, transmission, internal capital markets
Reint Gropp, Deyan Radev	Social Centralization, Bank Integration and the Transmission of Lending Shocks SAFE Working Paper No. 174	Financial Intermediation	SAFE Working Paper	2017	Global banks, social centralization, bank integration, shocks, transmission
Holger Kraft, Eduardo S. Schwartz, Farina Weiss	Growth Options and Firm Valuation European Financial Management	Financial Markets	Published Paper	2018	Firm valuation, Real options, Volatility, R&D expenses
Martin Götz	Competition and Bank Stability Journal of Financial Intermediation	Financial Intermediation	Published Paper	2018	Risk, Stability, Competition, Contestability, Entry, Lending
Christel Merlin Kuate Kamga, Christian Wilde	Liquidity Premia in CDS Markets SAFE Working Paper No. 173	Financial Intermediation, Financial Markets	SAFE Working Paper	2017	CDS, liquidity
Raimond Maurer, Olivia S. Mitchell	Incentivizing Older People to Delay Social Security Claiming Policy Letter No. 57	Household Finance	Policy Paper	2017	pensions, German retirement system, social security claiming
Tobias Tröger	How Not To Do Banking Law in the 21st Century Policy Letter No. 56	Financial Intermediation	Policy Paper	2017	Banking Union, ECB, EGC, Landeskreditbank Baden-Württemberg, NCAs, SSM
Giuliano Curatola	Portfolio Choice and Asset Prices when Preferences are Interdependent Journal of Economic Behavior & Organization	Macro Finance	Published Paper	2017	Asset pricing; General equilibrium; heterogeneous investors; interdependent preferences; portfolio choice
Massimiliano Caporin, Michele Costola, Shawkat Hammoudeh, Ahmed Khalifa	Systemic Risk for Financial Institutions of Major Petroleum-Based Economies: The Role of Oil SAFE Working Paper No. 172	Financial Intermediation, Financial Markets, Systemic Risk Lab	SAFE Working Paper	2017	Systemic Risk, Risk Measurement, VaR, ΔCoVaR, Oil, Financial Institutions, Petroleum-based Economies
Andreas Hubener, Raimond Maurer, Olivia S. Mitchell	How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios Review of Financial Studies	Household Finance	Published Paper	2016
Giuliano Curatola	Optimal Portfolio Choice with Loss Aversion Over Consumption Quarterly Review of Economics and Finance	Financial Markets	Published Paper	2017	Loss-aversion, Habit-formation, Consumption–portfolio choice
Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang	Direct and Indirect Risk-Taking Incentives of Inside Debt Journal of Corporate Finance	Law and Finance	Published Paper	2017	Inside Debt, Credit Spreads, Risk-Taking
Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer	Structural Reforms in Banking: The Role of Trading Journal of Financial Regulation	Financial Intermediation	Published Paper	2017	banking, structural reforms, prohibition of proprietary trading, banking separation
Michael Donadelli, Patrick Grüning	Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare SAFE Working Paper No. 171	Financial Markets	SAFE Working Paper	2017	Endogenous growth, Asset pricing, Government, Fiscal policy, Heterogeneous innovation
Raimond Maurer, Olivia S. Mitchell	Older People’s Willingness to Delay Social Security Claiming SAFE Working Paper No. 170	Household Finance	SAFE Working Paper	2016
Max Groneck, Alexander Ludwig, Alexander Zimper	Who Saves More, the Naive or the Sophisticated Agent? SAFE Working Paper No. 169	Household Finance, Macro Finance	SAFE Working Paper	2017	Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency
Martin Götz, Tobias Tröger	Fines for Misconduct in the Banking Sector – What is the Situation in the EU? White Paper No. 47	Financial Intermediation	Policy Paper	2017	financial stability, banking supervision, banking regulation, bank sanctions, monetary penalties
Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright	Women Form Social Networks More Selectively and Less Opportunistically Than Men SAFE Working Paper No. 168	Law and Finance, Transparency Lab	SAFE Working Paper	2017	Social Networks, Gender Differences, Trust Game
Patrick Grüning	International Endogenous Growth, Macro Anomalies, and Asset Prices Journal of Economic Dynamics and Control	Financial Markets	Published Paper	2017	Innovation, Technology spillover, Endogenous growth, Long-run risk, International finance
Gabriele Camera, Alessandro Gioffré	Asymmetric Social Norms Economics Letters	Macro Finance	Published Paper	2017	cooperation, repeated games, social dilemmas
Franklin Allen, Jan Pieter Krahnen, Holger Lüthen, Hélène Rey	Financial Resilience Revisited: Why Consistency in Regulation is now Paramount – Across Sectors and Regions, and Over Time Policy Letter No. 55	Financial Intermediation, Financial Markets	Policy Paper	2017	financial resilience, financial markets regulation, banking regulation
Felix Noth, Ulrich Schüwer	Natural Disaster and Bank Stability: Evidence from the U.S. Financial System SAFE Working Paper No. 167	Financial Intermediation, Systemic Risk Lab	SAFE Working Paper	2017	natural disasters, bank stability, non-performing assets, bank performance
Martin Götz, Jan Pieter Krahnen, Tobias Tröger	Taking Bail-in Seriously - The Looming Risks for Banking Policy in the Rescue of Monte dei Paschi di Siena Policy Letter No. 54	Financial Intermediation	Policy Paper	2017	BRRD, banking resolution, banking supervision, SRM, financial stability, systemic risk
Monica Billio, Massimiliano Caporin, Roberto Panzica, Loriana Pelizzon	The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification SAFE Working Paper No. 166	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2016	CAPM, volatility, network, interconnections, systematic risk
Rainer Haselmann, David Schoenherr, Vikrant Vig	Rent-Seeking in Elite Networks Journal of Political Economy	Financial Intermediation, Law and Finance	Published Paper	2018	-
Jan Pieter Krahnen, Christian Wilde	Skin-in-the-Game in ABS Transactions: A Critical Review of Policy Options White Paper No. 46	Financial Markets	Policy Paper	2017	Structured finance, ABS, STS (simple, transparent, and standardized securitizations), regulation, retention, Dodd-Frank Act
Giovanni Bonaccolto, Massimiliano Caporin, Roberto Panzica	Estimation and Model-Based Combination of Causality Networks SAFE Working Paper No. 165	Financial Markets	SAFE Working Paper	2017	Granger causality, quantile causality, multi-layer network, network combination
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence SAFE Working Paper No. 164	Household Finance	SAFE Working Paper	2017	Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security
Monica Billio, Loriana Pelizzon	Systemic Risk Tomography Systemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier)	Systemic Risk Lab	Published Paper	2016
Gabriele Camera, Alessandro Gioffré	Asymmetric Social Norms SAFE Working Paper No. 162	Macro Finance	SAFE Working Paper	2017	cooperation, repeated games, social dilemmas
Giuliano Curatola, Michael Donadelli, Patrick Grüning	Technology Trade with Asymmetric Tax Regimes and Heterogeneous Labor Markets: Implications for Macro Quantities and Asset Prices SAFE Working Paper No. 163	Financial Markets	SAFE Working Paper	2017	Technology Adoption, R&D Investment, Asymmetric Tax Regimes, Asset Prices
Michael Donadelli, Renatas Kizys, Max Riedel	Dangerous Infectious Diseases: Bad News for Main Street, Good News for Wall Street? Journal of Financial Markets	Financial Markets	Published Paper	2017	WHO alerts, investor sentiment, pharmaceutical industry, trading strategies
Günter Franke, Jan Pieter Krahnen	SME Funding Without Banks? On the Interplay of Banks and Markets White Paper No. 44	Financial Intermediation, Financial Markets	Policy Paper	2017	SME, funding, capital markets, lending instruments, banks
Martin Götz, Luc Laeven, Ross Levine	Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of US Banks Review of Financial Studies	Financial Intermediation	Published Paper	2013
Tobin Hanspal	The Effect of Personal Financing Disruptions on Entrepreneurship SAFE Working Paper No. 161	Law and Finance, Household Finance	SAFE Working Paper	2016	Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults
Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini	CEO Investment of Deferred Compensation Plans and Firm Performance SAFE Working Paper No. 160	Law and Finance	SAFE Working Paper	2016	Inside Debt, Executive Compensation, Corporate Distress
Brigitte Haar	"Comply or Explain" im Spannungsfeld von Law and Finance 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann)	Law and Finance	Published Paper	2014
Monica Billio, Michael Donadelli, Antonio Paradiso, Max Riedel	Which Market Integration Measure? Journal of Banking and Finance	Financial Markets	Published Paper	2016	Equity market integration, dynamic correlation, principal components, international diversification benefits
Monica Billio, Michael Donadelli, Antonio Paradiso, Max Riedel	Which Market Integration Measure? SAFE Working Paper No. 159	Financial Markets	SAFE Working Paper	2016	Equity market integration, dynamic correlation, principal components, international diversification benefits
Michael Donadelli, Renatas Kizys, Max Riedel	Globally Dangerous Diseases: Bad News for Main Street, Good News for Wall Street? SAFE Working Paper No. 158	Financial Markets	SAFE Working Paper	2016	WHO alerts, investor sentiment, pharmaceutical industry, trading strategies
Sophie Ahlswede, Steffen Meyer, Linda Urban	Does feedback on personal investment success help? SAFE Working Paper No. 157	Household Finance	SAFE Working Paper	2016	household finance, field study, individual investors, reporting, investment mistakes, regulation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum Journal of Risk and Insurance	Household Finance	Published Paper	2018	Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix	Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment SAFE Working Paper No. 156	Financial Intermediation	SAFE Working Paper	2016	Bank capital ratios, Bank regulation, Credit supply
Vahid Saadi	Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act SAFE Working Paper No. 155	Financial Intermediation	SAFE Working Paper	2016	The Community Reinvestment Act, Mortgage supply, House prices, Homeownership
Brigitte Haar	Shareholder Wealth vs. Stakeholder interests? Evidence from Code Compliance under the German Corporate Governance Code SAFE Working Paper No. 154	Law and Finance	SAFE Working Paper	2016	corporate governance codes, soft law, stakeholder, shareholder wealth, market enforcement, German corporate governance, supervisory board, incentive pay, severance pay caps, age limits
Rainer Haselmann, Mark Wahrenburg	Banks' Internal Rating Models - Time for a Change? The System of Floors as Proposed by the Basel Committee White Paper No. 43	Financial Intermediation	Policy Paper	2016	Internal rating models, floors, banking regulation, BCBS
Julia Hirsch, Uwe Walz	The Financing Dynamics of Newly Founded Firms SAFE Working Paper No. 153	Law and Finance	SAFE Working Paper	2016	financing decisions, life-cycle, firm growth, newly founded firms
Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch	Whatever it Takes: The Real Effects of Unconventional Monetary Policy SAFE Working Paper No. 152	Financial Intermediation, Data Center	SAFE Working Paper	2016	Unconventional Monetary Policy, Real Effects, Zombie Lending
Florian Hett, Alexander Schmidt	Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis Journal of Financial Economics	Financial Intermediation, Transparency Lab, Experiment Center	Published Paper	2017	Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline
Fabrizio Lillo, Loriana Pelizzon, Michael Schneider	How Has Sovereign Bond Market Liquidity Changed? - An Illiquidity Spillover Analysis SAFE Working Paper No. 151	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2016	Liquidity, jump detection, Hawkes processes, government bonds, MTS bond market, Quantitative Easing.
Massimiliano Caporin, Aleksey Kolokolov, Roberto Renò	Systemic Co-Jumps SAFE Working Paper No. 149	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2016	Jumps, Return predictability, Systemic events, Variance Risk Premium
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell	Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities SAFE Working Paper No. 150	Household Finance	SAFE Working Paper	2016	dynamic portfolio choice, longevity risk, variable annuity, retirement income
Otmar Issing	Central Banks – From Overburdening to Decline? White Paper No. 42	Macro Finance	Policy Paper	2016	Central Banking, ECB, Monetary Policy
Petr Jakubik, Sven-Thorsten Jakusch	On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data SAFE Working Paper No. 148	Household Finance	SAFE Working Paper	2016	Utility Functions, Model Selection, Parameter Elicitation
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer	Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach SAFE Working Paper No. 147	Household Finance	SAFE Working Paper	2016	Utility Theory, Maximum Likelihood, Individual Investors
Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer	Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011) SAFE Working Paper No. 146	Household Finance	SAFE Working Paper	2016	Prospect Theory, Parameter Elicitation, Investors Heterogeneity
Sascha Baghestanian, Paul Gortner, Baptiste Massenot	Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis Experimental Economics	Law and Finance, Experiment Center	Published Paper	2017	compensation, liquidity, experimental asset markets, bubbles
Raphael Abiry, Christian Geppert, Alexander Ludwig	Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results SAFE Working Paper No. 145	Macro Finance	SAFE Working Paper	2016	secular stagnation; demographic change; overlapping generations; natural rate; equity premium; growth; welfare; human capital
Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Jun Uno, Darya Yuferova	High Frequency Traders without Trading: Price Discovery and Liquidity Provision in the Pre-Opening Period SAFE Working Paper No. 144	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2016	High-Frequency Traders (HFTs), Pre-Opening, Opening Call Auction, Price Discovery, Liquidity provision.
Christian Eufinger, Andrej Gill	Incentive-Based Capital Requirements Management Science	Law and Finance, Transparency Lab, Experiment Center	Published Paper	2017	Basel III, capital regulation, compensation, leverage, risk
Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide	Spoilt for Choice: Order Routing Decisions in Fragmented Equity Markets SAFE Working Paper No. 143	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2016	Dark Trading, Fragmentation, Anonymity, Immediacy
Tomaso Aste, Loriana Pelizzon, Nicolas Perony, Paolo Tasca	Banking Beyond Banks and Money. A Guide to Banking Services in the Twenty-First Century Banking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century (Springer)	Financial Intermediation, Systemic Risk Lab	Published Paper	2016
Michael Kosfeld, Ulrich Schüwer	Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education Review of Finance	Household Finance, Experiment Center	Published Paper	2017	consumer education,financial literacy, bounded rationality, competition, regulation
Jan Pieter Krahnen, Loriana Pelizzon	"Predatory" Margins and the Regulation and Supervision of Central Counterparty Clearing Houses (CCPs) White Paper No. 41	Financial Markets, Systemic Risk Lab	Policy Paper	2016	central counterparties, CCP, derivatives, financial market regulation, financial market supervision
Alexander Ludwig	Das Deutsche Rentensystem: Thesen zur derzeitigen Diskussion um „Umkehr“-Reformen White Paper No. 40	Household Finance	Policy Paper	2016	German pension system, reform, retirement age
Nathanael Vellekoop	The Impact of Long-Run Macroeconomic Experiences on Personality SAFE Working Paper No. 142	Household Finance	SAFE Working Paper	2016	Personality traits, Big Five, Locus of control, labor market, unemployment
Brigitte Haar	Freedom of Contract and Financial Stability Through the Lens of the Legal Theory of Finance SAFE Working Paper No. 141	Law and Finance	SAFE Working Paper	2016	law and finance, financial stability, financial contracts, structured finance, asset-backed securities, pari passu clauses, collective action clauses, otc derivatives markets, central counter parties, Basel III, Coco bonds, trust law, China
Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide	Competition Between Equity Markets: A Review of the Consolidation Versus Fragmentation Debate Journal of Economic Surveys	Financial Markets	Published Paper	2017	Competition, Fragmentation, Market Structure, Liquidity, Price Discovery
Günter Franke, Thomas Mosk, Eberhard Schnebel	Fair Retail Banking: How to Prevent Mis-Selling by Banks White Paper No. 39	Law and Finance	Policy Paper	2016	Retail Banking, Mis-selling, MiFID II
Helmut Siekmann	Kurzkommentar zum Volksentscheid im Vereinigten Königreich am 23. Juni 2016 Policy Letter No. 53	Macro Finance	Policy Paper	2016	Brexit, Europäische Union, Vereinigtes Königreich
Reint Gropp, Rasa Karapandza, Julian Opferkuch	The Forward-Looking Disclosures of Corporate Managers: Theory and Evidence SAFE Working Paper No. 140	Financial Intermediation	SAFE Working Paper	2016	Repeated Games; Asymmetric Information; Firms; Reputation
Holger Kraft, Thomas Seiferling, Frank Thomas Seifried	Optimal Consumption and Investment with Epstein-Zin Recursive Utility Finance and Stochastics	Financial Markets	Published Paper	2017	consumption-portfolio choice, asset pricing, stochastic differential utility, incomplete markets, fixed point approach, FBSDE
Emanuel Bayer, Bernd Skiera, Kapil Tuli	Do Disclosures of Customer Metrics Lower Investors’ and Analysts’ Uncertainty, But Hurt Firm Performance? Journal of Marketing Research	Law and Finance	Published Paper	2017	disclosure, customer metrics, accounting, financial reporting, marketing–finance interface
Shafik Hebous, Alfons J. Weichenrieder	Toward a Mutualization of European Unemployment Insurance? On Limiting the Downsides of a Fiscal Transfer System for the Eurozone CESifo Economic Studies	Macro Finance	Published Paper	2016	EMU, Eurozone, European unemployment insurance, fiscal transfers
Mohamed Al Degwy, Matthias Thiemann	Von mikro- zu makroprudenzieller Regulierung Die Innenwelt der Ökonomie: Wissen, Macht und Performativität in der Wirtschaftswissenschaft (Springer)	Macro Finance	Published Paper	2016	Banking Regulation, Systemic Risk, Formalism, Equilibrium Thinking, Discourse, Citation Network Analysis
Brigitte Haar	Freedom of Contract and Financial Stability European Business Organization Law Review	Law and Finance, Systemic Risk Lab	Published Paper	2016
Alfons J. Weichenrieder	Panama & Co: Implikationen für die Steuerpolitik Policy Letter No. 52	Macro Finance	Policy Paper	2016	Steuerhinterziehung, Steuervermeidung, Steueroasen, Briefkastenfirmen, Panama Papers
Holger Kraft, Claus Munk, Farina Weiss	Predictors and Portfolios Over the Life Cycle SAFE Working Paper No. 139	Household Finance	SAFE Working Paper	2016	Return predictability, human capital, housing, investments, welfare
Michael Donadelli, Patrick Grüning	Labor Market Dynamics, Endogenous Growth and Asset Prices Economics Letters	Financial Markets	Published Paper	2016	http://www.sciencedirect.com/science/article/pii/S0165176516300933
Mohamed Al Degwy, Matthias Thiemann	How Economics Got it Wrong: Formalism, Equilibrium Modelling and Pseudo-Optimization in Banking Regulatory Studies SAFE Working Paper No. 138	Macro Finance	SAFE Working Paper	2016	Sociology of Finance, Optimal Regulation, Dynamic and Reliable Regulation, Banking Regulation, Financial Crisis
Alexander Ludwig	Demographischer Wandel: Kapitalrenditen, Löhne und Verteilungswirkungen White Paper No. 38	Macro Finance	Policy Paper	2016	Demographischer Wandel, Migration, säkulare Stagnation, Kapitalrenditen, Ungleichheit
Elia Berdin, Christoffer Kok, Cosimo Pancaro	A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers SAFE Working Paper No. 137	Financial Intermediation	SAFE Working Paper	2016	Financial Stability, Insurance, Interest Rate Risk, Stress Test
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner	Consumption Habits and Humps Economic Theory	Household Finance	Published Paper	2017	Consumption hump, life-cycle utility maximization, habit formation, impatience
Mohamed Al Degwy, Edin Ibrocevic, Matthias Thiemann	Understanding the Shift from Micro to Macro-Prudential Thinking: A Discursive Network Analysis SAFE Working Paper No. 136	Macro Finance	SAFE Working Paper	2016	Banking Regulation, Systemic Risk, Formalism, Equilibrium Thinking, Discourse, Citation Network Analysis
Douglas Cumming, Jochen Christian Werth, Yelin Zhang	Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks SAFE Working Paper No. 135	Law and Finance	SAFE Working Paper	2016	Entrepreneurship, Entrepreneurial Finance, Governance, Technology Park, Incubator, Board of Directors, Venture Capital, Angel
Günter Beck, Hans-Helmut Kotz	Euro Area Shadow Banking Activities in a Low-Interest-Rate Environment: A Flow-of-Funds Perspective White Paper No. 37	Financial Intermediation, Macro Finance	Policy Paper	2016	Non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation, low interest rate environment
Günter Beck, Hans-Helmut Kotz, Natalia Zabelina	Lost in Translation? ECB’s Monetary Impulses and Financial Intermediaries’ Responses White Paper No. 36	Financial Intermediation, Macro Finance	Policy Paper	2016	Non-bank financial intermediation, interest-rate channel, credit channel, risk-taking channel of monetary policy, market-based financial intermediation, monetary transmission mechanism, waterbed effect
Vilen Lipatov, Alfons J. Weichenrieder	A Decentralization Theorem of Taxation CESifo Economic Studies	Macro Finance	Published Paper	2016	fiscal federalism, taxing rights, decentralization theorem
Brigitte Haar	Investor Protection Through Model Case Procedures – Implementing Collective Goals and Individual Rights Under the 2012 Amendment to the German Capital Markets Model Case Act (KapMuG) European Business Organization Law Review	Law and Finance	Published Paper	2014	collective litigation, investor protection, test cases, German Capital Markets Model Case Act (KapMuG)
Markus Kröll, Devesh Rustagi	Reputation, Honesty, and Cheating in Informal Milk Markets in India SAFE Working Paper No. 134	Law and Finance, Experiment Center	SAFE Working Paper	2016	Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India
Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig	The Political Economy of Bank Bailouts SAFE Working Paper No. 133	Financial Intermediation, Law and Finance	SAFE Working Paper	2016	political economy, bailouts, state-owned enterprises, elections
Rainer Haselmann, David Schoenherr, Vikrant Vig	Rent-Seeking in Elite Networks SAFE Working Paper No. 132	Financial Intermediation, Law and Finance	SAFE Working Paper	2016	-
Andrej Gill, Nikolai Visnjic	Performance Benefits of Tight Control The Journal of Private Equity	Law and Finance, Transparency Lab, Experiment Center	Published Paper	2015	private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance
Marcel Fratzscher, Reint Gropp, Hans-Helmut Kotz, Jan Pieter Krahnen, Christian Odendahl, Beatrice Weder di Mauro, Guntram B. Wolff	Mere criticism of the ECB is no solution Policy Letter No. 51	Macro Finance	Policy Paper	2016	eurozone, crisis, monetary policy
Nicole Branger, Patrick Grüning, Christian Schlag	Commodities, Financialization, and Heterogeneous Agents SAFE Working Paper No. 131	Financial Markets	SAFE Working Paper	2016	Commodities, General Equilibrium, Heterogeneous Preferences, Financial Markets
Martin Götz, Tobias Tröger	Should the Marketing of Subordinated Debt be Restricted/Different in One Way or the Other? What to do in the Case of Mis-selling? White Paper No. 35	Financial Intermediation	Policy Paper	2016	Bail-in, BRRD, subordinated debt, EU market regulation
Peter Gomber	The German Equity Trading Landscape White Paper No. 34	Financial Markets	Policy Paper	2016	MiFID II, MiFIR, equity trading, electronic trading, cash equity markets
Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer	Structural Reforms in Banking: The Role of Trading White Paper No. 33	Financial Intermediation, Financial Markets	Policy Paper	2016	proprietary trading, banking separation proposals, bank risk
Patrick Behr, Reinhard H. Schmidt	The German Banking System: Characteristics and Challenges White Paper No. 32	Financial Intermediation	Policy Paper	2015	banks, government, regulation
Adrian Buss, Bernard Dumas, Raman Uppal, Grigory Vilkov	The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis Journal of Monetary Economics	Financial Markets	Published Paper	2016	Tobin tax, borrowing constraints, short-sale constraints, stock market volatility, incomplete markets, differences of opinion
Giuliano Curatola	Optimal Consumption and Portfolio Choice with Loss Aversion SAFE Working Paper No. 130	Financial Markets	SAFE Working Paper	2016	Loss-aversion, Habit-formation, Consumption-portfolio choice
Giuliano Curatola, Michael Donadelli, Patrick Grüning, Christoph Meinerding	Investment-Specific Shocks, Business Cycles, and Asset Prices SAFE Working Paper No. 129	Financial Markets	SAFE Working Paper	2016	General Equilibrium Asset Pricing, Production Economy, Long-Run Risk, Investment-Specific Shocks, Nominal Rigidities
Giuliano Curatola	Preference Evolution and the Dynamics of Capital Markets SAFE Working Paper No. 128	Macro Finance	SAFE Working Paper	2016	Asset pricing, general equilibrium, heterogeneous investors, interdependent preferences, portfolio choice
Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner	Competition in Treasury Auctions SAFE Working Paper No. 127	Law and Finance	SAFE Working Paper	2016	treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format
Carsten Bienz, Karin Thorburn, Uwe Walz	Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers SAFE Working Paper No. 126	Financial Intermediation	SAFE Working Paper	2016	Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth
Jens-Hinrich Binder	To Ring-Fence or Not, and How? Strategic Questions for Post-Crisis Banking Reform in Europe forthcoming in European Banking Regulation (CH Beck)	Financial Intermediation	Published Paper	2023	EU banking regulation, Liikanen Report, ring-fencing, structural bank reform, Vickers Commission, Volcker Rule
Jens-Hinrich Binder	Komplexitätsbewältigung durch Verwaltungsverfahren? Zeitschrift für das gesamte Handels- und Wirtschaftsrecht	Financial Intermediation	Published Paper	2015
	On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium Journal of Monetary Economics, Vol 77, pp. 72-98	Macro Finance	Published Paper	2016	Progressive Taxation, Education Subsidy, Transitional Dynamics
Tobias Tröger, Uwe Walz	Does Say on Pay Matter? Evidence from Germany SAFE Working Paper No. 125	Law and Finance, Transparency Lab	SAFE Working Paper	2016	Say-on-pay, corporate governance, management compensation
Adrian Buss, Bernard Dumas, Raman Uppal, Grigory Vilkov	The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis SAFE Working Paper No. 124	Financial Markets	SAFE Working Paper	2016	Tobin tax, borrowing constraints, short-sale constraints, stock market volatility, incomplete markets, differences of opinion
Marie Lalanne, Paul Seabright	The Old Boy Network: The Impact of Professional Networks on Remuneration in Top Executive Jobs SAFE Working Paper No. 123	Law and Finance	SAFE Working Paper	2016	professional networks, gender wage gap, executive compensation, placebo technique
Douglas Cumming, Uwe Walz, Jochen Christian Werth	Entrepreneurial Spawning: Experience, Education, and Exit SAFE Working Paper No. 122	Law and Finance	SAFE Working Paper	2016	Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit
Douglas Cumming, Uwe Walz, Jochen Christian Werth	Entrepreneurial Spawning: Experience, Education, and Exit Financial Review	Law and Finance	Published Paper	2016	Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit
Elia Berdin, Matteo Sottocornola	Insurance Activities and Systemic Risk SAFE Working Paper No. 121	Financial Intermediation, Systemic Risk Lab	SAFE Working Paper	2015	Systemic Risk, Insurance Activities, Systemically Important Financial Institutions
Bijan Kaffenberger, Mark Wahrenburg	Fragmentation in the European Retail Deposit Market and Implications for Loan Availability in European Member States White Paper No. 31	Household Finance	Policy Paper	2015	household finance, deposits, European market fragmentation
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek	The Potential Effect of Offering Lump Sums as Retirement Payments Policy Letter No. 50	Household Finance	Policy Paper	2015	Social Security solvency, Pension system
Günther Gebhardt	Impairments of Greek Government Bonds under IAS 39 and IFRS 9: A Case Study White Paper No. 30	Financial Markets	Policy Paper	2015	government bonds, IFRS 9, credit losses
Helmut Gründl	Solvency II ante portas: Nutzen und Risiken der neuen Versicherungsregulierung Policy Letter No. 49	Financial Intermediation	Policy Paper	2015	Versicherungen, Regulierung
Helmut Gründl	Solvency II at the Gates: Benefits and Risks of the New Insurance Regulation Policy Letter No. 48	Financial Intermediation	Policy Paper	2015	Insurance, Regulation
Matthias Heinz, Heiner Schumacher	Signaling Cooperation SAFE Working Paper No. 120	Law and Finance	SAFE Working Paper	2015	Signaling, Public Goods, Labor Markets, Extracurricular Activities
Michael Brennan, Holger Kraft	Leaning Against the Wind: Debt Financing in the Face of Adversity SAFE Working Paper No. 119	Financial Markets	SAFE Working Paper	2015	Capital structure, financing policy, managerial incentives
Michael Donadelli, Antonio Paradiso, Max Riedel	A Quasi Real-Time Leading Indicator for the EU Industrial Production SAFE Working Paper No. 118	Financial Markets	SAFE Working Paper	2015	Leading indicator, EU industrial production, Granger causality, Turning points, Forward-looking Taylor rule
Dirk Krueger, Philipp Krüger, Alexander Ludwig	On the Optimal Provision of Social Insurance SAFE Working Paper No. 110	Macro Finance	SAFE Working Paper	2015	Progressive Taxation, Education Subsidy, Transitional Dynamics
Marcel Bluhm	Interbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks SAFE Working Paper No. 117	Financial Intermediation	SAFE Working Paper	2015	Financial fragility, interbank market, liquidity, maturity, network model
Andreas Fagereng, Charles Gottlieb, Luigi Guiso	Asset Market Participation and Portfolio Choice Over the Life-Cycle SAFE Working Paper No. 115	Household Finance	SAFE Working Paper	2015	-
Charles Gottlieb	On the Distributive Effects of Inflation SAFE Working Paper No. 116	Household Finance	SAFE Working Paper	2015	Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation
Ester Faia, Andreas Hackethal, Michael Haliassos, Katja Langenbucher	Financial Regulation: A Transatlantic Perspective Cambridge University Press	Household Finance, Macro Finance	Published Paper	2015	banking union, microprudential regulation, macroprudential regulation, investor protection, borrower protection
Monica Billio, Lorenzo Frattarolo, Loriana Pelizzon	A Time Varying Performance Evaluation of Hedge Fund Strategies through Aggregation Bankers, Markets and Investors	Financial Intermediation, Systemic Risk Lab	Published Paper	2014	Extra performances, Hedge funds, Markov switching models, Financial crises
Tobias Tröger	A Political Economy Perspective on Common Supervision in the Eurozone Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Financial Intermediation	Published Paper	2015
Gabriele Camera, Alessandro Gioffré	A Tractable Analysis of Contagious Equilibria Journal of Mathematical Economics	Macro Finance	Published Paper	2015	Cooperation, Social norms, Grim trigger, Random matching
Andrea Weber, Moritz Christian Weber, Andrea Weber, Christine Zulehner	Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail? Journal of the European Economic Association	Law and Finance	Published Paper	2014
Jan Pieter Krahnen, Laura Moretti	Bail-In Clauses Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Financial Intermediation	Published Paper	2015
Baptiste Massenot, Stéphane Straub	Informal Sector and Economic Development: The Credit Supply Channel SAFE Working Paper No. 106	Macro Finance	SAFE Working Paper	2015	-
Loriana Pelizzon, Domenico Sartore	Deciphering the Libor and Euribor Spreads during the Subprime Crisis North American Journal of Economics and Finance	Financial Intermediation, Systemic Risk Lab	Published Paper	2013	Subprime crisis, Collateral, Liquidity, Unconventional monetary policy
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner	Competition in the Economic Crisis: Analysis of Procurement Auctions European Economic Review	Law and Finance	Published Paper	2015	Construction procurement, First-price auctions, Private values, Economic crisis, Government stimulus
Franz Hackl, Michael Kummer, Rudolf Winter-Ebmer, Christine Zulehner	Market Structure and Market Performance in E-Commerce European Economic Review	Financial Markets	Published Paper	2014	Retailing, Product life cycle, Market structure, Market performance, Markup, Price dispersion
Helmut Mahringer, Christine Zulehner	Child-Care Costs and Mothers’ Employment Rates: An Empirical Analysis for Austria Review of Economics of the Household	Law and Finance	Published Paper	2013	Child-care, Labour supply, Bivariate sample selection, Matched survey and administrative data
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner	The Distribution of the Gender Pay Gap in Austria: Evidence from Matched Employer-Employee Data and Tax Records Journal for Labour Market Research	Law and Finance	Published Paper	2013	gender wage differentials, quantile regressions, decomposition, matched employer-employee data
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner	The Gender Wage Gap in Austria: Eppur si muove! Empirica	Law and Finance	Published Paper	2013	Gender wage differentials, Wage inequality, Decomposition, Matched employer-employee data
Ester Faia, Isabel Schnabel	The road from micro-prudential to macro-prudential regulation Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Macro Finance	Published Paper	2015
Alfons J. Weichenrieder	Greece: Threatening Recovery Policy Letter No. 37	Macro Finance	Policy Paper	2015	Financial Assistance, Conditionality
Holger Kraft, Claus Munk, Sebastian Wagner	Housing Habits and Their Implications for Life-Cycle Consumption and Investment SAFE Working Paper No. 85	Household Finance	SAFE Working Paper	2015	Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital
Kosmas Kaprinis, Katja Langenbucher	Private Enforcement of Investor Protection – Is Private Law up for the Challenge? A Glance at the United Kingdom 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann)	Household Finance	Published Paper	2014
Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri Pettinicchi	Financial Education, Literacy and Investment Attitudes SAFE Working Paper No. 86	Household Finance	SAFE Working Paper	2015	Financial education, Financial literacy, Planning, Investment attitudes
Iñaki Aldasoro, Domenico Delli Gatti, Ester Faia	Bank Networks: Contagion, Systemic Risk and Prudential Policy SAFE Working Paper No. 87	Macro Finance	SAFE Working Paper	2015	banking networks, centrality metrics, systemic risk
Ester Faia, Beatrice Weder di Mauro	Cross-Border Resolution of Global Banks SAFE Working Paper No. 88	Macro Finance	SAFE Working Paper	2015	single point of entry, multiple point of entry, strategic interaction of regulators, financial spillover, financial retrenchment
Julia Braun, Alfons J. Weichenrieder	Does Exchange of Information between Tax Authorities Influence Multinationals’ Use of Tax Havens? SAFE Working Paper No. 89	Macro Finance	SAFE Working Paper	2015	Tax havens, tax information exchange agreements, location decisions, international taxation
Pinar Topal	Fiscal Stimulus and Labor Market Flexibility SAFE Working Paper No. 90	Macro Finance	SAFE Working Paper	2015	fiscal policy, labour economics, labour market policies, threshold vector auto-regressive models, panel VAR, non-linear VAR, impulse analysis
Giuliano Curatola, Michael Donadelli, Patrick Grüning	Matching the BRIC equity premium: A structural approach Emerging Markets Review	Financial Markets	Published Paper	2015	BRIC countries, Equity risk premium, Long-run risk, Persistence
Giuliano Curatola	Loss aversion, habit formation and the term structures of equity and interest rates Journal of Economic Dynamics and Control	Financial Markets, Macro Finance	Published Paper	2015	Loss-aversion, Habit formation, Yield curve, Dividend strips, General equilibrium
Tobias Tröger	How Special Are They? Targeting Systemic Risk by Regulating Shadow Banks Reshaping Markets Economic Governance, the Global Financial Crisis and Liberal Utopia (Cambridge University Press)	Financial Intermediation	Published Paper	2016	shadow banking, regulatory arbitrage, prudential supervision
Dirk Hackbarth, Rainer Haselmann, David Schoenherr	Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act Review of Financial Studies	Financial Intermediation	Published Paper	2015	financial distress, law and finance, shareholder recovery, stock returns
Markus Behn, Rainer Haselmann, Paul Wachtel	Pro-Cyclical Capital Regulation and Lending The Journal of Finance	Financial Intermediation	Published Paper	2016	capital regulation, credit crunch, financial crisis, pro-cyclicality
Christoph Hambel, Holger Kraft	Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change SAFE Working Paper No. 92	Macro Finance, Systemic Risk Lab	SAFE Working Paper	2015	Climate change economics, Carbon abatement, GDP growth
Shafik Hebous, Tom Zimmermann	Revisiting the Narrative Approach of Estimating Tax Multipliers SAFE Working Paper No. 93	Macro Finance	SAFE Working Paper	2015	Narrative Approach, Fiscal Stabilization, Tax Multiplier, Weak Instruments
Claudia Lambert, Felix Noth, Ulrich Schüwer	How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina SAFE Working Paper No. 94	Financial Intermediation	SAFE Working Paper	2015	catastrophic events, bank regulation, capital ratios, natural experiment
Silvia Bressan, Noemi Pace, Loriana Pelizzon	Health Status and Portfolio Choice: Is Their Relationship Economically Relevant? International Review of Financial Analysis	Household Finance, Systemic Risk Lab	Published Paper	2014	Household portfolios, Health status
Loriana Pelizzon, Marti Subrahmanyam, Davide Tomio, Jun Uno	Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina? SAFE Working Paper No. 95	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2015	Liquidity, Credit Risk, Euro-zone Government Bonds, Financial Crisis, MTS Bond Market
Jens-Hinrich Binder	Banking Union and the Governance of Credit Institutions - A Legal Perspective SAFE Working Paper No. 96	Financial Intermediation	SAFE Working Paper	2015	Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance
Axel Börsch-Supan, Alexander Ludwig	Aging in Europe: Reforms, International Diversification, and Behavioral Reactions American Economic Review Papers and Proceedings	Macro Finance	Published Paper	2014
Alexander Ludwig, Alexander Zimper	Biased Bayesian Learning with an Application to the Risk-Free Rate Puzzle Journal of Economic Dynamics and Control	Macro Finance	Published Paper	2014	Ambiguity, Non-additive probability measures, Bayesian learning, Truncated normal distribution, Risk-free rate puzzle
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla	Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection Insurance: Mathematics and Economics	Household Finance	Published Paper	2015	dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income
Helmut Siekmann	The Legal Framework for the European System of Central Banks White Paper No. 26	Macro Finance	Policy Paper	2015	economic and monetary union, euro, monetary policy, economic policy
Tobias Tröger	Corporate Groups – A German’s European Perspective German and Nordic Perspectives on Company Law and Capital Markets Law (Mohr Siebeck)	Law and Finance	Published Paper	2015	Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interesterest, Minority Shareholder Protection, Creditor Protection
Marcel Grupp, Christian Rauch, Marc Umber, Uwe Walz	The Influence of Leveraged Buyouts on Target Firms’ Competitors SAFE Working Paper No. 99	Law and Finance	SAFE Working Paper	2015	Product Market Competition, Peers, LBOs, Restructuring
Alfons J. Weichenrieder	Stellungnahme zu den Plänen einer Erbschaftsteuerreform Policy Letter No. 39	Macro Finance	Policy Paper	2015	Steuerpolitik, Erbschaftsteuer, Schenkungsteuer
Marcel Grupp	Taking the Lead: When Non-Banks Arrange Syndicated Loans SAFE Working Paper No. 100	Law and Finance	SAFE Working Paper	2015	Non-bank lead arrangers, syndicated loans, spread premium
Marcel Grupp	On the Impact of Leveraged Buyouts on Bank Systemic Risk SAFE Working Paper No. 101	Financial Intermediation	SAFE Working Paper	2015	Leveraged buyouts, syndicated loans, systemic risk
Christine Moorman, Simone Wies	Going Public: How Stock Market Participation Changes Firm Innovation Behavior Journal of Marketing Research	Financial Markets	Published Paper	2015	Innovation, breakthrough innovation, stock market impact, IPO, marketing-finance interface, consumer packaged goods
Iñaki Aldasoro, Iván Alves	Multiplex Interbank Networks and Systemic Importance: An Application to European Data SAFE Working Paper No. 102	Macro Finance	SAFE Working Paper	2015	interbank networks, systemic importance, multiplex networks
Guido Friebel, Matthias Heinz	Media Slant Against Foreign Owners: Downsizing Journal of Public Economics	Law and Finance	Published Paper	2014	Media economics, Globalization, Economic xenophobia, Multi-national enterprises, Foreign direct investment
Volker Brühl, Helmut Gründl, Andreas Hackethal, Hans-Helmut Kotz, Jan Pieter Krahnen, Tobias Tröger	Comments on the EU Commission’s Capital Markets Union Project White Paper No. 27	Financial Markets	Policy Paper	2015	Capital Markets Union, functional finance approach, level playing field, financial services
Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon	Measuring Sovereign Contagion in Europe SAFE Working Paper No. 103	Financial Markets, Systemic Risk Lab	SAFE Working Paper	2015	Sovereign Risk, Contagion, Disintegration
Sascha Baghestanian, Baptiste Massenot	Credit Cycles: Experimental Evidence SAFE Working Paper No. 104	Macro Finance, Experiment Center	SAFE Working Paper	2015	-
Vilen Lipatov, Alfons J. Weichenrieder	A Decentralization Theorem of Taxation SAFE Working Paper No. 105	Macro Finance	SAFE Working Paper	2015	fiscal federalism, taxing rights, decentralization theorem
Michael Haliassos	Keeping Households out of Financial Trouble Financial Regulation: A Transatlantic Perspective (Cambridge University Press)	Household Finance	Published Paper	2015
Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen	Risk Aversion and Religion Journal of Risk and Uncertainty	Household Finance	Published Paper	2013
Daniel Powell, Marc Steffen Rapp	Non-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany SAFE Working Paper No. 107	Law and Finance	SAFE Working Paper	2015	Corporate Governance, Executive Remuneration, Say on Pay, Annual General Meeting, Germany
Sascha Baghestanian, Paul Gortner, Baptiste Massenot	Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis SAFE Working Paper No. 108	Law and Finance, Experiment Center	SAFE Working Paper	2015	compensation, liquidity, experimental asset markets, bubbles
Tobias Tröger	Vertragsrechtliche Fragen negativer Zinsen auf Einlagen Neue Juristische Wochenschrift	Financial Intermediation	Published Paper	2015
Tobias Tröger	Negative Zinsen auf Einlagen – Juristische Hindernisse und ihre wettbewerbspolitischen Auswirkungen Policy Letter No. 40	Law and Finance	Policy Paper	2015	Niedrigzinsumfeld, Einlageverträge, negativer Zins
Jan Pieter Krahnen	Drei Thesen zur Griechenlandkrise Policy Letter No. 41	Macro Finance	Policy Paper	2015	Währungsunion, Fiskalunion, Politische Union
Jan Pieter Krahnen	Three Theses on the Greek Crisis Policy Letter No. 42	Macro Finance	Policy Paper	2015	Monetary Union, Fiscal Union, Political Union
Reinhard H. Schmidt	Escalating Crisis in the Eurozone: The Case for Conditional Debt Relief for Greece Policy Letter No. 43	Macro Finance	Policy Paper	2015	Greek crisis, structural reforms, debt sustainability
Alfons J. Weichenrieder	Ein ESM Programm ist nicht zu rechtfertigen Policy Letter No. 44	Macro Finance	Policy Paper	2015	Vertrag über die Arbeitsweise der EU (AEUV), ESM, Währungsunion
Guglielmo Maria Caporale, Michael Donadelli, Alessia Varani	International Capital Markets Structure, Preferences and Puzzles: A US-China World Journal of International Financial Markets, Institutions and Money	Financial Markets	Published Paper	2015	Macro-anomalies, Financial autarky, Complete markets, Long-run innovations, Home bias
Alfons J. Weichenrieder, Fangying Xu	Are Tax Havens Good? Implications of the Crackdown on Secrecy SAFE Working Paper No. 111	Macro Finance	SAFE Working Paper	2015	Tax haven, secrecy, tax information exchange, China, India
Shafik Hebous, Alfons J. Weichenrieder	Towards a Fiscal Union? On the Acceptability of a Fiscal Transfer System in the Eurozone White Paper No. 28	Macro Finance	Policy Paper	2015	EMU, Eurozone, European unemployment insurance, fiscal transfers
Bettina Brüggemann, Jinhyuk Yoo	Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners SAFE Working Paper No. 113	Macro Finance	SAFE Working Paper	2015	Top Income Taxation, Heterogeneous Agents, Incomplete Markets, Income and Wealth Inequality
Helmut Gründl, Tobias Niedrig	The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II Policy Letter No. 45	Financial Intermediation	Pol