ECB Monthly Bulletin | September 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:
    • Food price developments in the central and eastern European EU countries outside the euro area
    • Financial activity in the oil markets
    • The impact of traditional true-sale securitisation on recent MFI loan developments
    • Impact of transactions and valuation effects on the value of euro area investment funds
    • Liquidity conditions and monetary policy operations in the period from 14 May 2008 to 12 August 2008
    • Recent developments in the term structure of break-even inflation rates in the euro area
    • Developments in listed non-financial corporations’ internal funds
    • Non-oil energy price developments
    • Developments in total hours worked in the euro area: a long-term perspective
    • Youth unemployment in the euro area
    • ECB staff macroeconomic projections for the euro area
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2007
  • Glossary