The paper proposes a multi-factor international asset pricing model in which the exchange rate is allowed to be co-determined by a risk factor imperfectly correlated to other priced risks in the economy. The significance of this factor can be established as long as one is able to observe a proxy...

The EU and its citizens faced enormous challenges in 2012 as the limited economic recovery of the previous year stalled, GDP fell and unemployment began to grow again. As this yearbook on Living and working in Europe 2012 describes, one of the starkest findings was the divergence between and...

Economic news may have improved for some Member States of the European Union in 2011, but for many citizens uncertainty about the future and the ability to maintain standards of living are ongoing issues. Eurofound’s third Yearbook reflects these realities. It presents some of the main...

This second annual Yearbook on Living and working in Europe 2010 aims to convey the main findings of some of Eurofound's key currents of research – in particular, results and analysis from its three pan-European surveys on company practices, working conditions and quality of life. All the...