If we intend to support sustainability in the financial markets, research and analysis must come first. In the last 30 years, the groundwork has been laid by the Ethical Environmental Research Group (Forschungsgruppe Ethisch-Ökologisches Rating) leading to a rating system for Impact Investing....

This paper provides an empirical analysis of the structure of earnings in West Germany across skill groups and industries. Our analysis is based on data from the German Socioeconomic Panel for the period 1984 to 1994. We estimate quantile regressions, both for the entire sample period and for...

In this paper, we quantify the dynamics of absolute excess returns on stock markets depending on three factors: the average of the absolute excess return, the level of the stock price, and stock market volatility. We also argue that the absolute excess return can be regarded as an empirical...

Der Beitrag informiert über die Arbeit der Forschungsgruppe Ethisch-Ökologisches Rating der Goethe-Universität in Frankfurt. Die Gruppe war interdisziplinär, interkulturell, ökumenisch und transdisziplinär zusammengesetzt. Sie hat als erste bereits in den 90-er Jahren anhand einer...

Where do we stand when it comes to Sustainable Financial Markets? -- Ethical Standards beyond Monetary Policy: Approaches to a Philosophical Foundation -- Fundamental rights in the core business of the ECB: No issue?! Experience with the EU petition 429/2017 -- On the role of the ECB in...

Chapter 1. From Climate Finance to “climate Finance Society” to a Culture of Sus-tainability. Changing Perspectives on the ECB’s New Strategy -- Chapter 2. Sustainable Finance: What has Happened – What Needs to Happen? -- Chapter 3. The New Sustainability Strategy of the ECB -- Chapter...

Prices of goods and services do not adjust immediately in response to changing demand and supply conditions. This paper characterizes the average frequency and size of price changes in the euro area and its member countries, investigates the determinants of the probability of price changes, and...