ECB Monthly Bulletin | February 2013

Summary:

The Monthly Bulletin was published from January 1999 to December 2014. The Monthly Bulletin was published one week after each monetary policy meeting of the ECB's Governing Council. It explained the monetary policy decision and provided a detailed analysis of the current economic situation and risks to price stability.

Table of Contents:

• Editorial
• Economic and Monetary Developments
  • The external environment of the euro area
    • Box 1 The implications of the resurgence in fossil energy production
  • Monetary and financial developments
    • Box 2 The results of the euro area bank lending survey for the fourth quarter of 2012
    • Box 3 Early repayment of funds raised through three-year longer-term refinancing operations: economic rationale and impact on the money market
    • Box 4 Integrated euro area accounts for the third quarter of 2012
  • Prices and costs
    • Box 5 Base effects and their impact on HICP inflation in 2013
    • Box 6 Results of the ECB Survey of Professional Forecasters for the first quarter of 2013
  • Output, demand and the labour market
    • Box 7 Changes in the allocation of gross value added in the euro area: a sectoral perspective
    • Box 8 Unemployment developments in the euro area
• Articles
  • The importance and effectiveness of national fiscal frameworks in the EU
  • Enhancing the monitoring of shadow banking
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European Central Bank
  • Glossary

• Primary Source

• Alternative Source