ECB Monthly Bulletin | June 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
  • Eurosystem staff macroeconomic projections for the euro area
  • 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 end of 2001
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 May 2002
  • Issues related to Monetary Conditions Indices
  • The clustering of shocks to HICP inflation since the start of Stage Three of EMU
  • A comparison of the 1998 and 2001 slowdowns in the euro area
  • Fiscal transparency in the context of the multilateral surveillance of budgetary positions
  • Comparison with December 2001 Projections
  • Forecasts by other institutions
• 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