ECB Monthly Bulletin | November 2014

Series Title
Series Details Number 11
Publication Date November 2014
ISSN 1725-2822
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
      • Box 1 Cyclical improvements in the labour markets of non-euro area EU countries
      • Box 2 Understanding the recent decline in oil prices
    • Monetary and financial developments
      • Box 3 The results of the euro area bank lending survey for the third quarter of 2014
      • Box 4 Survey on the access to finance of enterprises in the euro area: April to September 2014
      • Box 5 Integrated euro area accounts for the second quarter of 2014
    • Prices and costs
      • Box 6 Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2014
      • Box 7 Recent revisions to projections of euro area HICP inflation
    • Output, demand and the labour market
      • Box 8 The impact of the European System of Accounts 2010 on euro area macroeconomic statistics
      • Box 9 A closer look at the recovery in euro area services
  • Articles
    • The financial vulnerability of euro area households – evidence from the Eurosystem’s Household Finance and Consumption Survey
    • Early warning indicators for fiscal stress in European budgetary surveillance
  • Euro Area Statistics
  • Annexes
    • Chronology of monetary policy measures of the Eurosystem
    • Publications produced by the European Central Bank
    • Glossary
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