ECB Monthly Bulletin | March 2013

Series Title
Series Details Number 3
Publication Date March 2013
ISSN 1725-2822
EC QB-AG-15-003-EN-N
Content Type , ,


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
    • Monetary and financial developments
      • Box 1 Recent developments in the financial account of the euro area balance of payments
      • Box 2 Liquidity conditions and monetary policy operations in the period from 14 November 2012 to 12 February 2013
    • Prices and costs
      • Box 3 The role of profits in shaping domestic price pressures in the euro area
    • Output, demand and the labour market
      • Box 4 Stockbuilding developments since 2008
      • Box 5 ECB staff macroeconomic projections for the euro area
    • Fiscal developments
      • Box 6 Growth effects of high government debt
  • Euro Area Statistics
  • Annexes
    • Chronology of monetary policy measures of the Eurosystem
    • The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
    • Publications produced by the European Central Bank
    • Glossary
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