ECB Monthly Bulletin | January 2014

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
    • Box 1 Is weak credit holding back the economic recovery in the United States and the United Kingdom?
    • Box 2 Latvia adopts the euro
  • 2 Monetary and financial developments
    • Box 3 Developments in the international investment position of the euro area since the outbreak of the financial crisis
  • Prices and costs
  • Output, demand and the labour market
    • Box 4 Business investment – signs of a modest recovery ahead
    • Box 5 To what extent has the current account adjustment in the stressed euro area countries been cyclical or structural?
• Articles
  • Fifteen years of the ECB Survey of Professional Forecasters
  • Recent developments in excess liquidity and money market rates
  • Medium-term prospects for China’s economy and the internationalisation of the renminbi
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European Central Bank
  • Glossary