ECB Monthly Bulletin | May 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:
    • Global economic repercussions of the earthquake in Japan
    • The results of the April 2011 bank lending survey for the euro area
    • The results of the “Survey on the access to finance of small and medium-sized enterprises in the euro area”
    • Integrated euro area accounts for the fourth quarter of 2010
    • Results of the ECB Survey of Professional Forecasters for the
      second quarter of 2011
    • The measurement and prediction of the euro area business cycle
    • Euro area trade in services: specialisation patterns and recent trends
• Articles
  • Patterns of euro area and US macroeconomic cycles – what has been
    different this time?
  • The external representation of the EU and EMU
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European
  • Central Bank
  • Glossary