ECB Monthly Bulletin | December 2009

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
• Governing Council Decisions on the Phasing-out of some Non-Standard Measures
• 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
  • Exchange rate and balance of payments developments
  • Boxes:
    •  Monetary policy regimes and macroeconomic stability
    • Recent developments in repurchase agreements
    • Liquidity conditions and monetary policy operations in the period from 12 August to 10 November 2009
    • An assessment of recent developments in long-term forward break-even inflation rates
    • Developments in MFI loans to non-financial corporations by industry
    • Household saving behaviour in the euro area
    • Recent developments in euro area productivity
    • The European Commission’s 2009 Sustainability Report
    • Technical assumptions about interest rates, exchange rates, commodity prices and fiscal policies
    • Forecasts by other institutions
    • Methodological changes in the compilation of the euro area balance of payments and international investment position
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary