ECB Monthly Bulletin | October 2008

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:
    • The informational content of real M1 growth for real GDP growth in the euro area
    • Trends in non-energy industrial goods prices
    • Recent changes in the geographical composition of euro area foreign demand
• Articles
  • Ten years of the Stability and Growth Pact
  • Cross-border bank mergers & acquisitions and institutional investors
• Euro Area Statistics
•  Annexes
  • 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 since 2007
  • Glossary