ECB Monthly Bulletin | July 2012

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
  • Monetary and financial developments
  • Prices and costs
  • Output, demand and the labour market
  • Boxes:
    • 1 How does the current recovery in selected advanced economies compare with an average recovery?
    • 2 Recent developments in the euro area construction industry
    • 3 Recent developments in the Okun relationship in the euro area
    • 4 Fiscal challenges from population ageing: new evidence for the euro area
• Articles
  • Monetary and fiscal policy interactions in a monetary union
  • Assessing the anchoring of longer-term inflation expectations
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European
  • Central Bank
  • Glossary

• Primary Source

• Alternative Source