A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

This text discusses trends on the Estonian labour market during the years of rapid economic development and the subsequent economic crisis. The aim of the text is to describe changes in the field of employment and unemployment, as well as the problems facing vulnerable groups (young people,...

The present study aims to provide a succinct but comprehensive account that will allow a better understanding of the economic and social impact of the measures implemented in Greece. To this end, the study takes stock of the hitherto implementation of the programme to elucidate its multiple...

Italy's problems are primarily structural; the current government is thus exploring more radical reform programmes, such as labour market reform and liberalisation. Compliance with the measures introduced towards achieving a balanced budget and reducing the public debt is a prerequisite to...

For the European institutions, the "Great Recession" officially began in March 2008, when the word "crisis" first appeared in the Conclusions of the European Council (European Council, March 2008). In the four years since then, the European response to that crisis has not always been the same; an...

Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In July 2009, 22 million men and women were unemployed throughout Europe, five million more than a year previously. Moreover, the situation may well still have further to play out:...

Europe has begun to emerge from the prolonged slump caused by the global financial crisis in 2008 and exacerbated by the euro zone single-currency crisis in 2010–2011. In the last year, aggregate employment levels have risen faster than at any time since 2008. This, the fourth annual European...

This report describes the findings of a study of change in job tenure between 2002 and 2012 in the EU. The study examined change in mean tenure as well as the distribution of short and long tenure in the EU and in individual Member States. It also looked at differences in tenure according to...

This report examines the upward and downward trends in job quality across the EU from 1995 to 2010. The improvement and harmonisation of working conditions are core objectives of the European Union, but many factors affect job quality. The report determines the statistical significance of trends...

This report uses research findings from the European Foundation for the Improvement of Living and Working Conditions (Eurofound) to outline important features of the Swedish labour market in general, and the industrial relations system in particular, as well as the issues both are currently facing.