ECB Monthly Bulletin | May 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
  • Fiscal developments
  • Exchange rate and balance of payments developments
  • Boxes
    • Underlying monetary dynamics: concept and quantitative illustration
    • The results of the April 2008 bank lending survey for the euro area
    • Recent developments in government bond yield spreads
    • Judging sectoral inflation developments on the basis of national accounts data
    • Wage indexation mechanisms in euro area countries
    • Results of the ECB Survey of Professional Forecasters for the second quarter of 2008
    • Recent developments in euro area services activity
  • 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