Philip Schnorpfeil

May 31, 2024 | edwardconard.com | Philip Schnorpfeil |Michael Weber |Andreas Hackethal |Joe Wadford

Evidence from German investors finds that educating investors about negative stock market returns during inflation causes them to reduce their return expectations and purchases of equities. We conducted a survey with 2,800 investors in cooperation with a large German bank in February 2022 when inflation in Germany was at a 30-year high.

May 17, 2024 | nber.org | Philip Schnorpfeil |Michael Weber |Andreas Hackethal

Skip to main content We thank our partners at a bank for their collaboration and the data necessary to conduct this research. The bank data were obtained under a non-disclosure agreement. The bank did not review the results of the paper prior to public dissemination. We are also grateful for helpful comments from conference participants at the 2022 Experimental Finance Conference and the 2022 Research in Behavioral Finance Conference.

Sep 7, 2023 | nber.org | Michael Weber |Andreas Hackethal |Philip Schnorpfeil

Skip to main content We thank our partners at a bank for their collaboration and the data necessary to conduct this research. The bank data were obtained under a non-disclosure agreement. The bank did not review the results of the paper prior to public dissemination.