The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...

The analysis of the business cycle for the entire European Union and the Monetary Union for the purpose of economic and monetary policy needs European-wide aggregated statistics. Europe has generally chosen to obtain such European aggregates by combining national statistics. european-wide single...