ECB Monthly Bulletin | August 2009

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
  • Exchange rate and balance of payments developments
  • Boxes:
    • Institutional differences between mortgage markets in the euro area and the United States
    • The results of the July 2009 bank lending survey for the euro area
    • The impact of the first one-year longer-term refinancing operation
    • Integrated euro area accounts for the first quarter of 2009
    • Results of the ECB Survey of Professional Forecasters for the third quarter of 2009
    • Uncertainty and the economic prospects for the euro area
    • Seasonal adjustment of short-term economic indicators for the euro area in the current recession
• Articles
  • Housing finance in the euro area
  • Recent developments in the retail bank interest rate pass-through in the euro area
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary