ECB Monthly Bulletin | November 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
• Economic and Monetary Developments
  • The external environment of the euro area
  • Monetary and financial developments
  • Prices and costs
  • Output, demand and the labour market
  • Exchange rate and balance of payments developments
  • Boxes:
    • The role of MFI external assets and liabilities in the recent deleveraging process
    • The results of the October 2009 bank lending survey for the euro area
    • A modernised legal framework for the collection of statistical information by the ECB
    • Integrated euro area accounts for the second quarter of 2009
    • New statistical series measuring the impact of indirect taxes on HICP inflation
    • Developments in profit margins
    • Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2009
• Articles
  • Central bank communication in periods of heightened uncertainty
  • Monetary analysis in an environment of financial turmoil
  • The latest euro area recession in a historical context
• Euro Area Statistics
•  Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2008
  • Glossary