ECB Monthly Bulletin | November 2001

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:
  • Adjustment of M3 for holdings of negotiable instruments by non-residents of the euro area
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 October 2001
  • Longer-term developments in nominal and real interest rates in the euro area
• The information content of composite indicators of the euro area business cycle
• The economic policy framework in EMU
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• Documents published by the European Central Bank (ECB)