ECB Monthly Bulletin | January 2011

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
  • Boxes:
    • Recent developments in food commodity prices
    • Estonia adopts the euro
    • Revisiting the impact of asset transfers to “bad banks” on MFI credit to the euro area private sector
    • Determinants of inflation differentials in the euro area
    • The forecasting performance of expert surveys
• Articles
  • Recent developments in loans to the private sector
  • Trends in potential output
  • The financial crisis and the strengthening of global policy cooperation
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European
  • Central Bank
  • Glossary