Publications
Our researchers make regular contributions to leading academic journals and also serve on the editorial boards of prominent publications. The House of Finance thus enriches national and international research dialog on current issues in finance, economics and law. Our institutes maintain the following working paper series:
- CFS Working Paper Series (finance-related topics)
- EFL Articles (e-finance)
- ICIR Working Paper Series (insurance regulation)
- IMFS Working Paper Series (monetary and financial stability)
- ILF Working Paper Series (law and finance)
- LawFin Working Paper Series (financial regulation)
- SAFE Working Paper Series (finance-related topics)
A selection of our working papers can be found below.
The introduction of central bank digital currencies (CBDCs) in general, and of a digital…
The introduction of central bank digital currencies (CBDCs) in general, and of a digital euro in particular, has attracted growing interest from academic research, central banks and…
We study how investors respond to inflation combining a customized survey experiment with…
We study how investors respond to inflation combining a customized survey experiment with trading data at a time of historically high inflation. Investors’ beliefs about the stock…
This study examines the impact of ESG ratings on fund holdings, stock returns, and firm…
This study examines the impact of ESG ratings on fund holdings, stock returns, and firm behavior. First, we show that among five major ESG ratings, only MSCI ESG can explain the holdings of…
A fundamental concern about green investing is that it may crowd out political support for…
A fundamental concern about green investing is that it may crowd out political support for public policy addressing negative externalities. We examine this concern in a preregistered…
We report results from a pre-registered field experiment about the impact of index…
We report results from a pre-registered field experiment about the impact of index provider engagement on corporate climate policy. A randomly chosen group of 300 out of 1227 international…
We analyze the transmission of monetary policy to the costs of hedging using options order…
We analyze the transmission of monetary policy to the costs of hedging using options order book data. Monetary policy transmits to hedging costs both by changing the relevant state…
Recent academic research exhibits considerable disagreement among ESG ratings from…
Recent academic research exhibits considerable disagreement among ESG ratings from different agency providers. The consequences of this disagreement on the market are still under-explored;…
We study households’ response to the redistributive effects of inflation combining bank…
We study households’ response to the redistributive effects of inflation combining bank data with an information experiment during historic inflation. Households are generally well-informed…
Policymakers and researchers worry that the low-carbon transition may be inadvertently…
Policymakers and researchers worry that the low-carbon transition may be inadvertently delayed by higher global interest rates. To examine whether green investment is especially sensitive to…
Throughout its history, the Fed has operated with a muddled mandate that has not…
Throughout its history, the Fed has operated with a muddled mandate that has not explicitly recognized price stability as the primary goal of monetary policy. The Fed’s success in…
The authors identify corporate commitments for reductions of greenhouse gas…
The authors identify corporate commitments for reductions of greenhouse gas emissions—green pledges—from news articles using a large language model. About 8% of publicly traded U.S.…
We analyze firms' carbon reduction strategies worldwide and identify one key channel:…
We analyze firms' carbon reduction strategies worldwide and identify one key channel: large, primarily European firms facing increased investor pressure divest pollutive assets to firms that…
