ECB Monthly Bulletin | December 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 5
• Economic developments in the euro area
  • Monetary and financial developments
  • Price developments
  • Output, demand and labour market developments
  • Fiscal developments
  • Staff economic projections for the euro area
  • The global macroeconomic environment, exchange rates and the balance of payments
  • Boxes:
    • Annual review of the reference value for monetary growth
    • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 November 2000
    • An analysis of price developments: the breakdown of the overall HICP into its main components
    • Inflation differentials within the euro area
    • Tax reforms in the euro area
    • Procedures and techniques used in Eurosystem staff economic projections
    • Forecasts by other institutions
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• TARGET (Trans-European Automated Real-time Gross settlement Express Transfer system)
• Documents published by the European Central Bank (ECB)