ECB Monthly Bulletin | November 2000

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
  • Exchange rate and balance of payments developments
  •  Boxes:
    • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 October 2000
    • Lessons to be drawn from the oil price shocks of the 1970s
      and early 1980s
    • Determinants of the “equilibrium” value of a currency
    • The two pillars of the ECB’s monetary policy strategy
• Issues arising from the emergence of electronic money
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• Documents published by the European Central Bank (ECB)