A revised weighting scheme for the international environment projections

Mirco Balatti and Philipp Hanheide

Economic Bulletin Boxes, 2020, vol. 7

Abstract: The September 2020 ECB staff macroeconomic projections used a revised weighting scheme for the euro area’s trading partners. Two key conceptual changes were implemented in the weighting scheme this year. First, data on trade in services were used in addition to data on trade in goods. Second, the number of euro area trading partners was increased from 30 to 42. As a result of these changes, the coverage of the euro area’s foreign demand by individual country data increased from 85% to 92%, with the remaining countries covered by regional aggregates. JEL Classification: E50, E66, F01, F17

Keywords: global aggregates; International environment; trade weights (search for similar items in EconPapers)
Date: 2020-11
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2020:0007:1

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