{"id":768,"date":"2021-10-08T14:49:06","date_gmt":"2021-10-08T14:49:06","guid":{"rendered":"https:\/\/website.prod.unilu.spikeseed.cloud\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/"},"modified":"2021-10-08T14:49:06","modified_gmt":"2021-10-08T14:49:06","slug":"the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/","title":{"rendered":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0<i>Journal of Financial Economics<\/i>. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d<\/p><p>Uncovered interest rate parity (UIP) is a theory which states that the difference in interest rates between two countries will equal the relative change in exchange rates over the same time period. However, it is well-established that this theory does not hold for major currencies. Currencies with positive interest rate differentials tend to appreciate, whereas UIP would predict that they depreciate. Economists have interpreted this discrepancy by putting forth the idea that currencies with relatively high interest rates are riskier for investors. In other words, currencies command an interest-rate-dependent risk premium.\u00a0<\/p><p>Another standard theory of exchange rates is purchasing power parity (PPP), which says that the prices of consumption baskets across countries should converge in the long run. P\u00e9nasse and Dahlquist build upon this relationship of the real exchange rate to put structure on the currency risk premium. They propose an empirical model that allows for the separation of movements in the real exchange rate that are due to the interest rate differential, from those due to a missing risk premium.<\/p><p>They show that this missing risk premium, not the interest rate differential, accounts for most of the variation in the real exchange rate and currency return. This is in contrast with existing theories of the currency risk premium, that focus on UIP. The missing risk premium is therefore highly correlated with the real exchange rate, which itself predicts currency returns.<\/p><p>These results sheds light on why exchange rate tends to be very persistent, a fact that remains a lasting macroeconomic puzzle. P\u00e9nasse and Dahlquist remark that the missing risk premium is about as persistent the equity risk premium, which suggests that financial markets contribute to the persistence of exchange rate. Thanks to the model, the researchers are also able to shed light on the puzzling relation between exchange rates and interest rate differentials by factoring in the missing risk premium.<\/p><p>The paper, which is in press, is available for free download at\u00a0<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304405X21003147\" target=\"_self\" title=\"\" rel=\"noopener\">ScienceDirect<\/a>.<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d<\/p>\n","protected":false},"author":0,"featured_media":769,"template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[],"news-topic":[],"organisation":[101],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse - FDEF news I University of Luxembourg<\/title>\n<meta name=\"description\" content=\"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse\" \/>\n<meta property=\"og:description\" content=\"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF EN\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse\",\"datePublished\":\"2021-10-08T14:49:06+00:00\",\"dateModified\":\"2021-10-08T14:49:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\"},\"wordCount\":412,\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg\",\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\",\"name\":\"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse - FDEF news I University of Luxembourg\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg\",\"datePublished\":\"2021-10-08T14:49:06+00:00\",\"dateModified\":\"2021-10-08T14:49:06+00:00\",\"description\":\"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni.lu\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Faculty of Law, Economics and Finance\",\"item\":\"https:\/\/www.uni.lu\/fdef-en\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"News\",\"item\":\"https:\/\/www.uni.lu\/fdef-en\/news\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#website\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/\",\"name\":\"FDEF\",\"description\":\"Faculty of Law, Economics and Finance I Uni.lu\",\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\"},\"alternateName\":\"Faculty of Law, Economics and Finance I University of Luxembourg\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni.lu\/fdef-en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\",\"name\":\"FDEF - University of Luxembourg I Uni.lu\",\"alternateName\":\"Faculty of Law, Economics and Finance\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"FDEF - University of Luxembourg I Uni.lu\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/uni.FDEF.lu\",\"https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse - FDEF news I University of Luxembourg","description":"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/","og_locale":"en_GB","og_type":"article","og_title":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse","og_description":"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d","og_url":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/","og_site_name":"FDEF EN","article_publisher":"https:\/\/www.facebook.com\/uni.FDEF.lu","og_image":[{"width":800,"height":600,"url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#article","isPartOf":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/"},"author":{"name":"","@id":""},"headline":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse","datePublished":"2021-10-08T14:49:06+00:00","dateModified":"2021-10-08T14:49:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/"},"wordCount":412,"publisher":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#organization"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg","inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/","url":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/","name":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse - FDEF news I University of Luxembourg","isPartOf":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg","datePublished":"2021-10-08T14:49:06+00:00","dateModified":"2021-10-08T14:49:06+00:00","description":"Dr. Julien P\u00e9nasse, Research Scientist within the Department of Finance at the Faculty of Law, Economics and Finance has recently published an article entitled \u201cThe missing risk premium in exchange rates\u201d in the top-rated\u00a0Journal of Financial Economics. Along with co-author Magnus Dahlquist (Stockholm School of Economics, Centre for Economic Policy Research), Dr. P\u00e9nasse presents a new way to look at and model what economists refer to as \u201cthe currency risk premium.\u201d","breadcrumb":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#primaryimage","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2021\/10\/the_missing_risk_premium_in_exchange_rates_with_dr_julien_penasse.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/the-missing-risk-premium-in-exchange-rates-with-dr-julien-penasse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni.lu\/en"},{"@type":"ListItem","position":2,"name":"Faculty of Law, Economics and Finance","item":"https:\/\/www.uni.lu\/fdef-en\/"},{"@type":"ListItem","position":3,"name":"News","item":"https:\/\/www.uni.lu\/fdef-en\/news\/"},{"@type":"ListItem","position":4,"name":"The missing risk premium in exchange rates with Dr. Julien P\u00e9nasse"}]},{"@type":"WebSite","@id":"https:\/\/www.uni.lu\/fdef-en\/#website","url":"https:\/\/www.uni.lu\/fdef-en\/","name":"FDEF","description":"Faculty of Law, Economics and Finance I Uni.lu","publisher":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#organization"},"alternateName":"Faculty of Law, Economics and Finance I University of Luxembourg","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni.lu\/fdef-en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.uni.lu\/fdef-en\/#organization","name":"FDEF - University of Luxembourg I Uni.lu","alternateName":"Faculty of Law, Economics and Finance","url":"https:\/\/www.uni.lu\/fdef-en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg","width":2560,"height":2560,"caption":"FDEF - University of Luxembourg I Uni.lu"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/uni.FDEF.lu","https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/"]}]}},"blog_id":3,"_links":{"self":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news\/768"}],"collection":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":0,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news\/768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/media\/769"}],"wp:attachment":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/media?parent=768"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news-category?post=768"},{"taxonomy":"news-topic","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news-topic?post=768"},{"taxonomy":"organisation","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/organisation?post=768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}