Ederer, Stefan; Reschenhofer, Peter - 2016
the EMU countries. Second, we calculate bilateral exports and imports between all EU member states, applying the concept … of "trade in value added", and discuss their role in the emergence of trade surpluses and deficits. Third, we quantify to … imbalances. Finally, we calculate a hypothetical scenario in which final demand expands to such extent that all intra-EMU trade …