ECB Monthly Bulletin | March 2002

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 developments in the euro area
  • Monetary and financial developments
  • Price developments
  • Output, demand and labour market developments
  • Fiscal developments
  • The global macroeconomic environment, exchange rates and the balance of payments
• Boxes:
  • Financing and financial investment of the non-financial sectors in the euro area up to the third quarter of 2001
  • Developments in the relative shares of the components of M3 between 1980 and 2001
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 February 2002
  • Implementation of additional harmonisation rules for the HICP in January 2002
  • The 2002 Q1 Survey of Professional Forecasters (SPF)
  • The need for further structural reforms in euro area labour markets
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
• Documents published by the European Central Bank (ECB)