ECB Monthly Bulletin | December 2007

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
  • Fiscal developments
  • Eurosystem staff macroeconomic projections for the euro area
  • Exchange rate and balance of payments developments
  • Boxes:
    • 1 New estimates on holdings by sector for euro area M3
    • 2 Liquidity conditions and monetary policy operations in the period from 8 August to 13 November 2007
    • 3 Evidence of the impact of recent financial market tensions, as revealed by bank lending surveys in major industrialised economies
    • 4 Euro area food prices: recent developments and outlook
    • 5 The European Union’s common agricultural policy against the background of globally rising food prices
    • 6 Measures of longer-term inflation expectations from the ECB Survey of Professional Forecasters: a more detailed analysis of recent developments
    • 7 Political commitments and the Stability and Growth Pact
    • 8 The Treaty of Lisbon
    • 9 Technical assumptions
    • 10 Forecasts by other institutions
• 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 2006
  • Glossary XVII

• Primary Source

• Alternative Source