Pension Research Centre (PeRCent)


Publications by PeRCent members


Journal articles

The First Difference Property of the Present Value Operator, Stephen A. Buser; Bjarne Astrup Jensen, Quarterly Journal of Finance, forthcoming

Heuristic Portfolio Trading Rules with Capital Gain Taxes, Marcel Fischer; Michael Gallmeyer, Journal of Financial Economics, forthcoming

Taxable and tax-deferred investing with the limited use of lossesMarcel Fischer; Michael Gallmeyer, Review of Finance, forthcoming

How suboptimal are linear sharing rules?Bjarne Astrup Jensen; Jørgen Aase Nielsen, Annals of Finance12(2), 221-243

Growth-Maximizing Public Debt under Changing Demographics, Nikola Bokan; Andrew Hughes HalletSvend E. Hougaard JensenMacroeconomic Dynamics, 17.8.2015

Taxation, Transfer Income and Stock Market ParticipationMarcel Fischer; Bjarne Astrup JensenReview of Finance, Vol. 19, No. 2, 2015, p. 823-863

The Fiscal Framework in a Currency Union: Lessons from Comparison between the Euro Area and the Eastern Caribbean Currency Union, Svend E. Hougaard Jensen; Andrew Hughes Hallett, The World Economy, 20.10.2015

Real Business-cycle Model with Habits: Empirical InvestigationNatalia KhorunzhinaEconomic Modelling, Vol. 46, 4.2015, p. 61-69

Ambiguity Aversion, Asset Prices, and the Welfare Costs of Aggregate Fluctuations, Irasema Alonso; Mauricio PradoJournal of Economic Dynamics and Control, Vol. 51, 2.2015, p. 78-92

End-of-the-Year Economic Growth and Time-varying Expected Returns, Stig V. Møller; Jesper RangvidJournal of Financial Economics, Vol. 115, No. 1, 2015, p. 136-154

Understanding the Effects of Marriage and Divorce on Financial Investments: The Role of Background Risk SharingCharlotte Christiansen; Juanna Schröter Joensen; Jesper Rangvid, Economic Inquiry, Vol. 53, No. 1, 2015, p. 431-447

Product-Marketing Innovation, Skills, and Firm Productivity GrowthMartin Junge; Battista Severgnini; Anders Sørensen, Review of Income and Wealth, 3.4.2015

The Impact of Classroom Peers in a Streaming SystemArna VardardottirEconomics of Education Review, Vol. 49, No. dec., 2015, p. 110–128

Competing Risks Copula Models for Unemployment Duration: An Application to a German Hartz Reform, Simon M. S. Lo; Gesine Stephan; Ralf WilkeJournal of Econometric Methods, 18.11.2015

Books and book chapters

What Scope for Monetary Policy? Experiences from the Nordic Countries After the Financial CrisisJesper RangvidIn: Reform Capacity and Macroeconomic Performance in the Nordic Countries. Oxford: Oxford University Press 2015, p. 131-135

How to Avoid a Darkening Debt Storm in the Caribbean: Lessons From the Banking Union Framework in the Euro AreaAndrew Hughes Hallett; Svend E. Hougaard Jensen. In: Fiscal Policy: International Aspects, Short and Long-Term Challenges and Macroeconomic Effects. ed. /Charles Amo-Yartey. New York: Nova Science Publishers, Incorporated 2015, p. 173-195

Reform Capacity and Macroeconomic Performance in the Nordic Countries, Torben M. Andersen; Ulf Michael Bergman; Svend E. Hougaard Jensen. Oxford: Oxford University Press 2015, 365 p.

Macroeconomic Perspectives on the Nordic Economies: Past, Present, and Future, Torben M. Andersen; Ulf Michael Bergman; Svend E. Hougaard JensenIn: Reform Capacity and Macroeconomic Performance in the Nordic Countries. Oxford: Oxford University Press 2015, p. 1-25

Shaping the Fiscal Policy Framework: Lessons from Fiscal Consolidations in Denmark and SwedenUlf Michael Bergman; Michael M. Hutchison; Svend E. Hougaard JensenIn: Reform Capacity and Macroeconomic Performance in the Nordic Countries. Oxford : Oxford University Press 2015, p. 219-242

Iceland. How Could This Happen?Søren Bo NielsenIn: Reform Capacity and Macroeconomic Performance in the Nordic Countries. Oxford : Oxford University Press 2015, p. 349-352

Efficiently Inefficient: How Smart Money Invests and Market Prices Are DeterminedLasse Heje PedersenPrinceton, NJ: Princeton University Press 2015, 348 p.

Genoa and Venice : Traders of Prosperity, Growth, and DeathLars Boerner; Battista SevergniniIn: Union in Separation Diasporic Groups and Identities in the Eastern Mediterranean (1100-1800). Rome: Viella 2015, p. 105-122 (Viella Historical Research, No. 1)

Quantile Regression MethodsBernd Fitzenberger; Ralf Andreas WilkeIn: Emerging Trends in the Social and Behavioral Sciences: An Interdisciplinary, Searchable, and Linkable Resource. Wiley 2015

Publications (Danish)

Supplerende pensionsopsparing: Anbefalinger og gode råd til, hvordan du sammensætter din supplerende pensionsopsparing, Tom Engsted; Michael Møller; Mogens Steffensen, October 2015

Den nordjyske bankkrigBjarne Florentsen; Michael Møller; Claus Parum, Finans/Invest, No. 1, 2015, p. 5-12, 20

Presset på kronen: En højst usædvanlig situation som rejser højst usædvanlige spørgsmålJesper RangvidFinans/Invest, No. 2, 2015, p. 6-9, 23


The page was last edited by: Department of Finance // 06/07/2017