This comparative study examines the issue of gender and career development and explores the continuing barriers to achieving equality of opportunity in this area. Looking at the current European Union countries (with the exception of Sweden) and Norway, the study explores the extent to which...

Following the adoption of the legal basis for the European Instrument for Democracy and Human Rights in December 2006, the first Strategy Paper, covering the period 2007-2010, was adopted by the European Commission in August 2007, paving the way for the concrete implementation of the Instrument,...

During the last decade, markets for covered warrants (bank-issued options) have flourished in Europe and Asia. In these markets, investors often face a choice between many instruments that differ only slightly from each other. Based on retail trades in call options on the German DAX index, this...

Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form their expectations. A standard assumption is that...

We develop a dynamic stochastic general equilibrium model with rational inattention by households and firms. Consumption responds slowly to interest rate changes because households decide to pay little attention to the real interest rate. Prices respond quickly to some shocks and slowly to other...