percent of the global surplus is a trade surplus that the EU has with itself. In this paper, we show that this EU self … within the Euro Area, and is strongest between neighboring countries. Around the 2004 Eastern Enlargement, the EU self … due to measurement error. Rather, a large fraction of the EU's self-surplus puzzle seems related to fraud in value added …

This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal … that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model … econometric ex-post analysis of a related FTA, the one between the EU and Korea, in force since 2011, to approximate the expected …

Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U …