Economic time series exhibit periodically recurrent movements at the daily, weekly, and monthly levels. Also known as seasonality, it has been usually treated as a nuisance to be removed prior to analysis. Often, data is already deseasonalised by data providers since it distracts from medium-term time trends and long-term cycles. Moreover, seasonality disappears when data are aggregated to a yearly basis – it is a phenomenon at work at shorter time frames. It is an…


We, the eleven undersigned think tanks from ten Member States, call on the EU leadership to rise up to today’s challenges and embrace the declared principles of effectiveness, fairness, subsidiarity, transparency and democratic accountability so that the new EU budget maximizes the added value of the taxpayers’ money in the pursuit of the common goals of the EU and its Member States.